Temasek Holdings Private Ltd Sells 5,175 Shares of ServiceNow, Inc. (NYSE:NOW)

Temasek Holdings Private Ltd trimmed its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,122 shares of the information technology services provider's stock after selling 5,175 shares during the period. ServiceNow comprises 0.8% of Temasek Holdings Private Ltd's holdings, making the stock its 25th largest position. Temasek Holdings Private Ltd owned approximately 0.10% of ServiceNow worth $188,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Catalyst Financial Partners LLC grew its holdings in shares of ServiceNow by 1.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,146 shares of the information technology services provider's stock worth $1,025,000 after buying an additional 11 shares in the last quarter. First Affirmative Financial Network boosted its holdings in ServiceNow by 1.4% in the third quarter. First Affirmative Financial Network now owns 895 shares of the information technology services provider's stock worth $801,000 after purchasing an additional 12 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of ServiceNow by 14.6% during the third quarter. Capital Advisors Ltd. LLC now owns 94 shares of the information technology services provider's stock valued at $84,000 after buying an additional 12 shares during the last quarter. BluePointe Capital Management LLC raised its position in ServiceNow by 0.6% in the 3rd quarter. BluePointe Capital Management LLC now owns 2,014 shares of the information technology services provider's stock worth $1,801,000 after purchasing an additional 12 shares during the last quarter. Finally, Morling Financial Advisors LLC increased its stake in ServiceNow by 2.5% in the second quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider's stock valued at $415,000 after purchasing an additional 13 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Price Performance

Shares of NYSE NOW traded down $0.68 during mid-day trading on Friday, hitting $1,123.04. 441,227 shares of the company's stock traded hands, compared to its average volume of 1,278,864. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,137.00. The company has a market capitalization of $231.35 billion, a P/E ratio of 174.76, a PEG ratio of 6.07 and a beta of 0.99. The company's 50-day moving average is $977.66 and its two-hundred day moving average is $855.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results 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. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm's quarterly revenue was up 22.2% on a year-over-year basis. On average, equities analysts anticipate that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

Insider Activity

In other ServiceNow news, CEO William R. Mcdermott sold 12,271 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the transaction, the chief executive officer now owns 2,595 shares in the company, valued at $2,588,953.65. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Edward Chamberlain sold 300 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,047.95, for a total transaction of $314,385.00. Following the completion of the transaction, the director now owns 10,467 shares in the company, valued at approximately $10,968,892.65. The trade was a 2.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,629 shares of company stock valued at $20,861,626. Insiders own 0.25% of the company's stock.

Wall Street Analysts Forecast Growth

NOW has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on ServiceNow from $820.00 to $950.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. JMP Securities upped 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 raised their price target on ServiceNow from $985.00 to $1,045.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Evercore ISI upped their price target on shares of ServiceNow from $950.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Canaccord Genuity Group upped their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ServiceNow presently has an average rating of "Moderate Buy" and a consensus price target of $1,002.64.

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.