Stifel Financial Corp Has $1.52 Million Stake in ServiceNow, Inc. (NOW)

Stifel Financial Corp decreased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 17.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,873 shares of the information technology services provider’s stock after selling 2,764 shares during the period. Stifel Financial Corp’s holdings in ServiceNow were worth $1,517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. acquired a new stake in ServiceNow in the 3rd quarter valued at approximately $7,404,000. Westfield Capital Management Co. LP grew its holdings in ServiceNow by 3.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,085,501 shares of the information technology services provider’s stock valued at $127,579,000 after buying an additional 38,301 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in ServiceNow by 11.0% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 23,116 shares of the information technology services provider’s stock valued at $2,717,000 after buying an additional 2,300 shares during the last quarter. KBC Group NV grew its holdings in ServiceNow by 27.5% in the 3rd quarter. KBC Group NV now owns 360,447 shares of the information technology services provider’s stock valued at $42,363,000 after buying an additional 77,663 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in ServiceNow by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 160,910 shares of the information technology services provider’s stock valued at $18,910,000 after buying an additional 2,766 shares during the last quarter.

In related news, Director Frederic B. Luddy sold 170,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $129.43, for a total transaction of $22,003,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 150,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $117.17, for a total value of $17,575,500.00. Following the sale, the director now directly owns 216,535 shares of the company’s stock, valued at $25,371,405.95. The disclosure for this sale can be found here. Insiders have sold a total of 830,174 shares of company stock valued at $102,954,150 in the last 90 days. 3.30% of the stock is owned by corporate insiders.

NOW has been the topic of a number of research analyst reports. Robert W. Baird reaffirmed a “buy” rating and issued a $120.00 target price on shares of ServiceNow in a report on Friday, September 1st. Credit Suisse Group initiated coverage on ServiceNow in a report on Tuesday, September 5th. They issued an “outperform” rating and a $135.00 target price on the stock. Moffett Nathanson initiated coverage on ServiceNow in a report on Wednesday, September 6th. They issued a “buy” rating on the stock. Summit Redstone reaffirmed a “buy” rating and issued a $135.00 target price on shares of ServiceNow in a report on Monday, September 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $127.00 price objective on shares of ServiceNow in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-eight have assigned a buy rating and three have given a strong buy rating to the stock. ServiceNow has a consensus rating of “Buy” and a consensus target price of $132.17.

ServiceNow, Inc. (NOW) opened at $129.19 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $22,050.00, a P/E ratio of -141.97 and a beta of 1.07. ServiceNow, Inc. has a 52-week low of $73.66 and a 52-week high of $131.11.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. The business had revenue of $498.20 million during the quarter, compared to the consensus estimate of $491.62 million. ServiceNow had a negative return on equity of 22.11% and a negative net margin of 8.68%. ServiceNow’s revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS. analysts forecast that ServiceNow, Inc. will post -0.35 earnings per share for the current fiscal year.

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ServiceNow Company Profile

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.

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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