ServiceNow, Inc. $NOW Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 1,964.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,750 shares of the information technology services provider’s stock after buying an additional 16,890 shares during the period. Y.D. More Investments Ltd’s holdings in ServiceNow were worth $2,719,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Beaumont Asset Management L.L.C. grew its holdings in ServiceNow by 398.5% during the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,381 shares of the information technology services provider’s stock worth $2,203,000 after acquiring an additional 11,496 shares during the period. Trueblood Wealth Management LLC raised its position in ServiceNow by 349.3% in the fourth quarter. Trueblood Wealth Management LLC now owns 3,235 shares of the information technology services provider’s stock worth $496,000 after acquiring an additional 2,515 shares in the last quarter. Buffalo Business & Estate Services Ltd. acquired a new stake in ServiceNow in the fourth quarter valued at $255,000. Sunburst Financial Group LLC boosted its position in shares of ServiceNow by 335.2% during the 4th quarter. Sunburst Financial Group LLC now owns 1,767 shares of the information technology services provider’s stock worth $271,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Impact Investors Inc boosted its position in shares of ServiceNow by 369.3% during the 4th quarter. Impact Investors Inc now owns 7,053 shares of the information technology services provider’s stock worth $1,080,000 after purchasing an additional 5,550 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Capital One Financial cut their price target on shares of ServiceNow from $188.00 to $161.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Macquarie Infrastructure decreased their price objective on shares of ServiceNow from $172.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of ServiceNow in a report on Thursday, January 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $200.00 price target on shares of ServiceNow in a research report on Thursday, January 29th. Finally, Evercore reissued an “outperform” rating and set a $175.00 price target (down from $225.00) on shares of ServiceNow in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and an average target price of $188.59.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 9,641 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the completion of the transaction, the insider owned 11,757 shares of the company’s stock, valued at approximately $1,245,419.01. This trade represents a 45.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the transaction, the director directly owned 46,430 shares of the company’s stock, valued at approximately $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,237 shares of company stock worth $1,697,162 in the last ninety days. Insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

NYSE:NOW opened at $101.98 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $110.44 and a two-hundred day moving average price of $146.80. ServiceNow, Inc. has a twelve month low of $98.00 and a twelve month high of $211.48. The company has a market capitalization of $106.67 billion, a P/E ratio of 61.14, a price-to-earnings-growth ratio of 1.71 and a beta of 1.01.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. As a group, research analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

ServiceNow Profile

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.