Personal CFO Solutions LLC Has $1.62 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

Personal CFO Solutions LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 3.8% in the fourth quarter, HoldingsChannel reports. The fund owned 2,938 shares of the information technology services provider’s stock after buying an additional 108 shares during the quarter. Personal CFO Solutions LLC’s holdings in ServiceNow were worth $1,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in ServiceNow by 9.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 49,446 shares of the information technology services provider’s stock worth $27,217,000 after acquiring an additional 4,064 shares during the period. Swedbank boosted its position in ServiceNow by 6.4% during the 4th quarter. Swedbank now owns 1,285,229 shares of the information technology services provider’s stock worth $703,509,000 after acquiring an additional 77,763 shares during the period. Blair William & Co. IL boosted its position in ServiceNow by 6.5% during the 4th quarter. Blair William & Co. IL now owns 182,922 shares of the information technology services provider’s stock worth $100,686,000 after acquiring an additional 11,123 shares during the period. Chartwell Investment Partners LLC boosted its position in ServiceNow by 1.0% during the 4th quarter. Chartwell Investment Partners LLC now owns 22,014 shares of the information technology services provider’s stock worth $12,117,000 after acquiring an additional 213 shares during the period. Finally, CI Investments Inc. boosted its position in ServiceNow by 35.7% during the 4th quarter. CI Investments Inc. now owns 162,437 shares of the information technology services provider’s stock worth $89,410,000 after acquiring an additional 42,776 shares during the period. Hedge funds and other institutional investors own 87.20% of the company’s stock.

NYSE NOW traded down $4.99 during trading on Tuesday, hitting $545.27. The company’s stock had a trading volume of 41,925 shares, compared to its average volume of 1,445,626. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.64. The firm has a 50 day moving average price of $551.34 and a 200 day moving average price of $511.10. The firm has a market cap of $106.93 billion, a P/E ratio of 155.88, a price-to-earnings-growth ratio of 12.70 and a beta of 1.14. ServiceNow, Inc. has a 52 week low of $238.93 and a 52 week high of $598.37.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 27th. The information technology services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.11. ServiceNow had a return on equity of 9.79% and a net margin of 16.60%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $0.96 EPS. ServiceNow’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, equities analysts expect that ServiceNow, Inc. will post 1.11 earnings per share for the current year.

NOW has been the subject of several research reports. Mizuho lifted their price target on ServiceNow from $600.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, January 28th. Royal Bank of Canada lifted their price target on ServiceNow from $600.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. Wells Fargo & Company lifted their price target on ServiceNow from $565.00 to $625.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Stifel Nicolaus lifted their price target on ServiceNow from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, October 26th. Finally, KeyCorp initiated coverage on ServiceNow in a report on Monday, November 23rd. They set an “overweight” rating and a $620.00 price target for the company. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $566.86.

In other news, Director Paul Edward Chamberlain sold 75 shares of ServiceNow stock in a transaction that occurred on Friday, January 29th. The stock was sold at an average price of $549.08, for a total transaction of $41,181.00. Following the sale, the director now owns 9,499 shares of the company’s stock, valued at approximately $5,215,710.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Fay Sien Goon sold 139 shares of ServiceNow stock in a transaction that occurred on Thursday, February 18th. The stock was sold at an average price of $572.37, for a total value of $79,559.43. Following the sale, the insider now directly owns 3,930 shares in the company, valued at approximately $2,249,414.10. The disclosure for this sale can be found here. Insiders have sold a total of 87,312 shares of company stock worth $47,048,637 in the last three months. 1.00% of the stock is owned by insiders.

ServiceNow Profile

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company offers information technology (IT) service management applications; and digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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