Schroder Investment Management Group Sells 425 Shares of ServiceNow, Inc. (NOW)
Schroder Investment Management Group trimmed its position in shares of ServiceNow, Inc. (NYSE:NOW) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,384 shares of the information technology services provider’s stock after selling 425 shares during the quarter. Schroder Investment Management Group’s holdings in ServiceNow were worth $4,128,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in NOW. Vanguard Group Inc. lifted its stake in shares of ServiceNow by 5.6% in the second quarter. Vanguard Group Inc. now owns 13,985,997 shares of the information technology services provider’s stock worth $1,482,516,000 after acquiring an additional 741,341 shares during the period. FMR LLC lifted its stake in shares of ServiceNow by 3.2% in the second quarter. FMR LLC now owns 3,383,647 shares of the information technology services provider’s stock worth $358,666,000 after acquiring an additional 103,578 shares during the period. Capital World Investors acquired a new position in shares of ServiceNow in the second quarter worth approximately $259,594,000. Coatue Management LLC acquired a new position in shares of ServiceNow in the second quarter worth approximately $184,317,000. Finally, Federated Investors Inc. PA lifted its stake in shares of ServiceNow by 29.4% in the second quarter. Federated Investors Inc. PA now owns 1,723,732 shares of the information technology services provider’s stock worth $182,716,000 after acquiring an additional 391,932 shares during the period.
In related news, Director Frederic B. Luddy sold 82,500 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $116.13, for a total transaction of $9,580,725.00. Following the completion of the sale, the director now owns 29,990 shares in the company, valued at $3,482,738.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO David Schneider sold 16,349 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $124.21, for a total value of $2,030,709.29. Following the sale, the executive now owns 67,185 shares of the company’s stock, valued at approximately $8,345,048.85. The disclosure for this sale can be found here. Insiders have sold 907,674 shares of company stock valued at $109,676,725 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.
ServiceNow, Inc. (NYSE:NOW) traded up $1.28 during midday trading on Tuesday, hitting $123.09. The stock had a trading volume of 2,546,900 shares, compared to its average volume of 1,591,584. ServiceNow, Inc. has a 52-week low of $73.66 and a 52-week high of $130.05. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 2.10.
ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. ServiceNow had a negative return on equity of 22.11% and a negative net margin of 8.68%. The business had revenue of $498.20 million during the quarter, compared to the consensus estimate of $491.62 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. ServiceNow’s revenue was up 39.3% compared to the same quarter last year. equities analysts anticipate that ServiceNow, Inc. will post -0.35 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.thecerbatgem.com/2017/12/12/schroder-investment-management-group-sells-425-shares-of-servicenow-inc-now.html.
ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW).
Receive News & Stock Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related stocks with our FREE daily email newsletter.