ServiceNow, Inc. (NOW) Shares Bought by Nicholas Co. Inc. WI

Nicholas Co. Inc. WI raised its position in shares of ServiceNow, Inc. (NYSE:NOW) by 231.7% during the fourth quarter, Holdings Channel reports. The fund owned 380,065 shares of the company’s stock after buying an additional 265,470 shares during the period. Nicholas Co. Inc. WI owned approximately 0.23% of ServiceNow worth $28,254,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NOW. Glynn Capital Management LLC raised its stake in ServiceNow by 5.8% in the second quarter. Glynn Capital Management LLC now owns 186,493 shares of the company’s stock worth $12,383,000 after buying an additional 10,237 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of ServiceNow by 9.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 443,868 shares of the company’s stock valued at $29,473,000 after buying an additional 36,543 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of ServiceNow by 17.6% in the second quarter. Tocqueville Asset Management L.P. now owns 52,425 shares of the company’s stock valued at $3,481,000 after buying an additional 7,850 shares in the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of ServiceNow by 7.3% in the second quarter. Bbva Compass Bancshares Inc. now owns 4,487 shares of the company’s stock valued at $298,000 after buying an additional 306 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in shares of ServiceNow by 0.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 35,377 shares of the company’s stock valued at $2,349,000 after buying an additional 200 shares in the last quarter. Institutional investors own 96.26% of the company’s stock.

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

ServiceNow, Inc. (NYSE:NOW) traded up 1.25% during mid-day trading on Tuesday, reaching $92.89. 1,422,454 shares of the company’s stock were exchanged. ServiceNow, Inc. has a 12 month low of $50.00 and a 12 month high of $93.30. The firm’s market cap is $15.50 billion. The stock has a 50-day moving average of $84.84 and a 200-day moving average of $80.12.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, January 25th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $385.70 million for the quarter, compared to analyst estimates of $379.51 million. ServiceNow had a negative net margin of 32.49% and a negative return on equity of 44.13%. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. Analysts anticipate that ServiceNow, Inc. will post $1.08 earnings per share for the current year.

This piece of content was first published by sleekmoney and is the sole property of of sleekmoney. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this piece of content can be read at http://sleekmoney.com/servicenow-inc-now-shares-bought-by-nicholas-co-inc-wi/1661200.html.

NOW has been the subject of several recent research reports. Mizuho increased their price objective on ServiceNow from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, October 27th. Wunderlich increased their price objective on ServiceNow from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, October 27th. BMO Capital Markets upgraded ServiceNow from a “market perform” rating to an “outperform” rating and raised their target price for the company from $85.00 to $97.00 in a report on Thursday, October 27th. DA Davidson set a $102.00 target price on ServiceNow and gave the company a “buy” rating in a report on Thursday, October 27th. Finally, Cowen and Company set a $100.00 target price on ServiceNow and gave the company a “buy” rating in a report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. ServiceNow currently has a consensus rating of “Buy” and an average target price of $90.78.

In related news, CRO David Schneider sold 12,803 shares of the stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $91.06, for a total transaction of $1,165,841.18. Following the sale, the executive now owns 28,679 shares in the company, valued at approximately $2,611,509.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William L. Strauss sold 25,000 shares of the stock in a transaction that occurred on Thursday, January 26th. The stock was sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the sale, the director now owns 30,061 shares in the company, valued at approximately $2,771,624.20. The disclosure for this sale can be found here. Insiders have sold a total of 506,443 shares of company stock worth $40,812,234 in the last quarter. 5.90% of the stock is currently owned by company insiders.

About ServiceNow

ServiceNow, Inc is a provider of cloud-based solutions that define, structure, manage and automate services across the global enterprise. The Company provides cloud-based service management and business management solutions that address the needs of various departments within an enterprise, including information technology (IT), human resources (HR), facilities, field service, marketing, customer service, security, legal and finance.

5 Day Chart for NYSE:NOW

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).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/servicenow-inc-now-shares-bought-by-nicholas-co-inc-wi/1661200.html

Receive News & Ratings for ServiceNow Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *