ServiceNow, Inc. (NYSE:NOW) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 99.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,343 shares of the information technology services provider's stock after selling 1,183,724 shares during the period. International Assets Investment Management LLC's holdings in ServiceNow were worth $1,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. World Investment Advisors LLC grew its holdings in shares of ServiceNow by 499,668.1% in the third quarter. World Investment Advisors LLC now owns 4,772,785 shares of the information technology services provider's stock valued at $4,268,731,000 after purchasing an additional 4,771,830 shares in the last quarter. Bank of Montreal Can lifted its position in ServiceNow by 216.6% during the third quarter. Bank of Montreal Can now owns 1,367,875 shares of the information technology services provider's stock valued at $1,206,178,000 after purchasing an additional 935,848 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of ServiceNow by 24.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,169,531 shares of the information technology services provider's stock worth $2,834,797,000 after buying an additional 615,797 shares in the last quarter. FMR LLC increased its holdings in shares of ServiceNow by 9.9% in the 3rd quarter. FMR LLC now owns 5,606,394 shares of the information technology services provider's stock worth $5,014,302,000 after buying an additional 502,845 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of ServiceNow by 917.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 310,754 shares of the information technology services provider's stock valued at $277,935,000 after buying an additional 280,210 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Stock Down 0.6 %

NOW stock traded down $6.10 during trading on Thursday, reaching $1,048.05. 1,421,698 shares of the company traded hands, compared to its average volume of 1,066,472. The business has a 50 day simple moving average of $1,062.40 and a 200 day simple moving average of $919.80. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,157.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $215.90 billion, a price-to-earnings ratio of 162.99, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.46 by $0.26. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.21 EPS. On average, equities research analysts anticipate that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jeffrey A. Miller sold 2,879 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the transaction, the director now directly owns 42,920 shares of the company's stock, valued at $43,740,630.40. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 66 shares of ServiceNow stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,048.29, for a total value of $69,187.14. Following the sale, the insider now directly owns 3,027 shares of the company's stock, valued at approximately $3,173,173.83. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,629 shares of company stock worth $20,861,626. Insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

NOW has been the topic of several analyst reports. Needham & Company LLC boosted their price objective on ServiceNow from $1,075.00 to $1,150.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Raymond James assumed coverage on ServiceNow in a research report on Tuesday, December 24th. They set an "outperform" rating and a $1,200.00 target price on the stock. JMP Securities raised their price target on ServiceNow from $850.00 to $1,000.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 17th. Royal Bank of Canada boosted their price objective on shares of ServiceNow from $1,045.00 to $1,210.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Finally, Stifel Nicolaus lifted their price target on shares of ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,061.04.

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.