ServiceNow Inc (NYSE:NOW) Shares Acquired by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC lifted its position in shares of ServiceNow Inc (NYSE:NOW) by 114.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,827 shares of the information technology services provider’s stock after purchasing an additional 12,190 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in ServiceNow were worth $6,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NOW. Dimensional Fund Advisors LP grew its stake in shares of ServiceNow by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 165,311 shares of the information technology services provider’s stock worth $29,442,000 after purchasing an additional 5,052 shares during the period. Geode Capital Management LLC grew its stake in ServiceNow by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,536,350 shares of the information technology services provider’s stock valued at $273,336,000 after acquiring an additional 55,767 shares during the period. Principal Financial Group Inc. grew its stake in ServiceNow by 199.0% in the 4th quarter. Principal Financial Group Inc. now owns 71,897 shares of the information technology services provider’s stock valued at $12,802,000 after acquiring an additional 47,848 shares during the period. Advisory Services Network LLC grew its stake in ServiceNow by 8,511.1% in the 4th quarter. Advisory Services Network LLC now owns 775 shares of the information technology services provider’s stock valued at $138,000 after acquiring an additional 766 shares during the period. Finally, Capital Investment Services of America Inc. acquired a new stake in ServiceNow in the 1st quarter valued at $12,184,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

NOW has been the topic of a number of research analyst reports. Credit Suisse Group lifted their price target on shares of ServiceNow from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Piper Jaffray Companies lifted their price target on shares of ServiceNow from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Northland Securities reissued a “buy” rating and issued a $280.00 price target on shares of ServiceNow in a research note on Thursday, May 2nd. Robert W. Baird lifted their price target on shares of ServiceNow from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group lifted their price target on shares of ServiceNow from $285.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $287.86.

In related news, insider David Schneider sold 2,446 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $268.50, for a total value of $656,751.00. Following the sale, the insider now directly owns 44,259 shares in the company, valued at approximately $11,883,541.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patricia L. Wadors sold 1,559 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $263.61, for a total transaction of $410,967.99. Following the completion of the sale, the insider now owns 3,093 shares in the company, valued at $815,345.73. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 119,092 shares of company stock worth $33,064,052. 1.00% of the stock is owned by insiders.

Shares of NYSE NOW traded down $4.01 during trading on Friday, hitting $269.99. 25,266 shares of the company were exchanged, compared to its average volume of 1,538,436. ServiceNow Inc has a 12-month low of $147.63 and a 12-month high of $303.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.13 and a quick ratio of 1.13. The company’s fifty day moving average is $287.23. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 1,350.02, a PEG ratio of 23.39 and a beta of 1.32.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. ServiceNow had a return on equity of 4.44% and a net margin of 0.09%. The business had revenue of $833.90 million for the quarter, compared to analyst estimates of $831.50 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. On average, analysts anticipate that ServiceNow Inc will post 0.43 EPS for the current year.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as 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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