ServiceNow Inc (NOW) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC cut its holdings in ServiceNow Inc (NYSE:NOW) by 72.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,160 shares of the information technology services provider’s stock after selling 16,385 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in ServiceNow were worth $1,205,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Peregrine Capital Management LLC boosted its stake in ServiceNow by 0.3% in the second quarter. Peregrine Capital Management LLC now owns 97,301 shares of the information technology services provider’s stock valued at $16,782,000 after buying an additional 284 shares in the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC boosted its stake in shares of ServiceNow by 4.8% during the second quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 6,505 shares of the information technology services provider’s stock valued at $1,122,000 after purchasing an additional 300 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ServiceNow by 33.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the information technology services provider’s stock valued at $212,000 after purchasing an additional 305 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of ServiceNow by 6.7% during the third quarter. Raymond James Trust N.A. now owns 5,263 shares of the information technology services provider’s stock valued at $1,030,000 after purchasing an additional 331 shares in the last quarter. Finally, Chesapeake Wealth Management boosted its stake in shares of ServiceNow by 24.9% during the second quarter. Chesapeake Wealth Management now owns 1,680 shares of the information technology services provider’s stock valued at $290,000 after purchasing an additional 335 shares in the last quarter. 95.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Ronald E. F. Codd sold 39,506 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $185.88, for a total transaction of $7,343,375.28. Following the completion of the transaction, the director now directly owns 53,428 shares in the company, valued at $9,931,196.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Scarpelli sold 30,037 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $182.89, for a total value of $5,493,466.93. Following the transaction, the chief financial officer now owns 68,748 shares of the company’s stock, valued at $12,573,321.72. The disclosure for this sale can be found here. Insiders have sold 190,350 shares of company stock valued at $35,102,979 over the last 90 days. 1.60% of the stock is owned by corporate insiders.



Shares of NOW opened at $164.23 on Tuesday. ServiceNow Inc has a 1 year low of $112.84 and a 1 year high of $206.29. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The stock has a market cap of $29.67 billion, a PE ratio of -156.41, a P/E/G ratio of 33.32 and a beta of 1.23.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, October 24th. The information technology services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.61. ServiceNow had a negative return on equity of 3.15% and a negative net margin of 2.52%. The company had revenue of $673.10 million during the quarter, compared to the consensus estimate of $659.41 million. On average, research analysts anticipate that ServiceNow Inc will post 0.15 EPS for the current fiscal year.

A number of analysts have recently commented on NOW shares. Barclays lifted their price target on ServiceNow from $198.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, September 7th. Citigroup lifted their price target on ServiceNow to $200.00 and gave the company a “buy” rating in a research note on Tuesday, July 3rd. Argus lifted their price target on ServiceNow to $215.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. They noted that the move was a valuation call. KeyCorp lifted their price target on ServiceNow from $194.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Finally, Canaccord Genuity lifted their price target on ServiceNow from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $203.44.

ServiceNow Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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