Dana Investment Advisors Inc. lifted its position in shares of ServiceNow Inc (NYSE:NOW) by 24.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,200 shares of the information technology services provider’s stock after purchasing an additional 433 shares during the period. Dana Investment Advisors Inc.’s holdings in ServiceNow were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. We Are One Seven LLC bought a new stake in ServiceNow in the 4th quarter worth approximately $27,000. Claybrook Capital LLC bought a new stake in ServiceNow in the 4th quarter worth approximately $28,000. Financial Management Professionals Inc. bought a new stake in ServiceNow in the 4th quarter worth approximately $30,000. Shine Investment Advisory Services Inc. grew its position in ServiceNow by 50.5% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 167 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 56 shares during the period. Finally, North Star Investment Management Corp. bought a new stake in ServiceNow in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 97.07% of the company’s stock.

ServiceNow stock opened at $241.89 on Monday. ServiceNow Inc has a twelve month low of $147.63 and a twelve month high of $245.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.16. The stock has a market capitalization of $43.66 billion, a PE ratio of 1,209.45, a price-to-earnings-growth ratio of 24.46 and a beta of 1.44.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. ServiceNow had a negative net margin of 1.02% and a positive return on equity of 3.95%. The firm had revenue of $715.44 million for the quarter, compared to the consensus estimate of $717.73 million. During the same period in the previous year, the firm posted $0.37 EPS. The business’s quarterly revenue was up 30.3% on a year-over-year basis. On average, equities analysts forecast that ServiceNow Inc will post 0.35 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on NOW. Bank of America reiterated a “buy” rating and set a $235.00 price target (up previously from $217.00) on shares of ServiceNow in a research note on Thursday, January 31st. ValuEngine upgraded shares of ServiceNow from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Needham & Company LLC reiterated a “buy” rating and set a $243.00 price target (up previously from $224.00) on shares of ServiceNow in a research note on Thursday, January 31st. Stifel Nicolaus reiterated a “hold” rating and set a $210.00 price target (up previously from $180.00) on shares of ServiceNow in a research note on Thursday, January 31st. They noted that the move was a valuation call. Finally, JMP Securities reiterated a “mkt outperform” rating and set a $225.00 price target (up previously from $220.00) on shares of ServiceNow in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. ServiceNow currently has an average rating of “Buy” and a consensus price target of $229.15.

In related news, Director Frederic B. Luddy sold 22,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $238.46, for a total transaction of $5,246,120.00. Following the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $422,074.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald E. F. Codd sold 100,000 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $220.08, for a total transaction of $22,008,000.00. Following the transaction, the director now owns 78,428 shares in the company, valued at $17,260,434.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 232,256 shares of company stock worth $51,365,211. Insiders own 1.60% of the company’s stock.

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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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