Xponance Inc. Has $33.62 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Xponance Inc. lifted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,583 shares of the information technology services provider’s stock after buying an additional 195 shares during the quarter. Xponance Inc.’s holdings in ServiceNow were worth $33,617,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc lifted its stake in shares of ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after buying an additional 32 shares during the last quarter. PFG Private Wealth Management LLC acquired a new stake in ServiceNow in the 3rd quarter worth about $28,000. First Capital Advisors Group LLC. acquired a new stake in ServiceNow in the 2nd quarter worth about $29,000. High Net Worth Advisory Group LLC acquired a new stake in ServiceNow in the 1st quarter worth about $29,000. Finally, Fortitude Family Office LLC acquired a new stake in ServiceNow in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JMP Securities lifted their price objective on shares of ServiceNow from $665.00 to $825.00 and gave the stock a “market outperform” rating in a research note on Monday, January 22nd. Stifel Nicolaus restated a “buy” rating and issued a $820.00 target price on shares of ServiceNow in a research report on Wednesday, March 20th. Oppenheimer boosted their target price on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. UBS Group boosted their target price on shares of ServiceNow from $885.00 to $920.00 and gave the company a “buy” rating in a research report on Monday. Finally, Royal Bank of Canada boosted their target price on shares of ServiceNow from $840.00 to $850.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and a consensus price target of $780.37.

ServiceNow Stock Down 0.7 %

Shares of ServiceNow stock traded down $5.09 during trading on Thursday, reaching $731.36. 787,647 shares of the company traded hands, compared to its average volume of 1,168,301. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. ServiceNow, Inc. has a 1-year low of $427.68 and a 1-year high of $815.32. The company has a 50 day moving average price of $767.53 and a 200-day moving average price of $700.42. The firm has a market capitalization of $150.21 billion, a PE ratio of 87.68, a P/E/G ratio of 4.71 and a beta of 0.97.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company earned $0.88 EPS. ServiceNow’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, equities research analysts expect that ServiceNow, Inc. will post 6.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the transaction, the insider now owns 1,392 shares in the company, valued at $1,067,831.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Paul John Smith sold 1,180 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total value of $905,201.60. Following the completion of the sale, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,164 shares of company stock worth $9,940,303. Insiders own 0.25% of the company’s stock.

ServiceNow Company Profile

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.