Stifel Financial Corp Has $346.11 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Stifel Financial Corp raised its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 386,981 shares of the information technology services provider's stock after buying an additional 5,359 shares during the period. Stifel Financial Corp owned 0.19% of ServiceNow worth $346,113,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in NOW. FMR LLC grew its stake in ServiceNow by 9.9% in the 3rd quarter. FMR LLC now owns 5,606,394 shares of the information technology services provider's stock valued at $5,014,302,000 after buying an additional 502,845 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in ServiceNow by 4.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,566,949 shares of the information technology services provider's stock worth $2,295,854,000 after acquiring an additional 112,380 shares during the period. Fisher Asset Management LLC increased its holdings in shares of ServiceNow by 3.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,662,968 shares of the information technology services provider's stock worth $1,487,343,000 after purchasing an additional 56,830 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of ServiceNow by 11.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,620,298 shares of the information technology services provider's stock valued at $1,449,178,000 after buying an additional 167,847 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of ServiceNow by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 1,529,430 shares of the information technology services provider's stock valued at $1,203,157,000 after buying an additional 34,855 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Up 0.1 %

NOW stock traded up $0.59 during trading hours on Thursday, reaching $1,123.72. 1,056,047 shares of the stock were exchanged, compared to its average volume of 1,282,461. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $231.49 billion, a price-to-earnings ratio of 173.74, a PEG ratio of 6.07 and a beta of 0.99. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,130.60. The firm's 50-day moving average is $972.88 and its 200-day moving average is $853.49.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 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 period in the prior year, the business posted $1.21 EPS. The company's quarterly revenue was up 22.2% on a year-over-year basis. On average, equities research analysts expect that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

Insider Transactions at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total value of $76,831.44. Following the transaction, the insider now directly owns 3,027 shares in the company, valued at $3,060,115.38. The trade was a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Russell S. Elmer sold 81 shares of ServiceNow stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $1,016.54, for a total transaction of $82,339.74. Following the sale, the general counsel now directly owns 6,843 shares of the company's stock, valued at $6,956,183.22. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,629 shares of company stock worth $20,861,626 in the last ninety days. Insiders own 0.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on NOW shares. JMP Securities upped their price target on ServiceNow from $850.00 to $1,000.00 and gave the company a "market outperform" rating in a report on Thursday, October 17th. Citigroup raised their target price on ServiceNow from $1,068.00 to $1,071.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Morgan Stanley cut shares of ServiceNow from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $900.00 to $960.00 in a research note on Monday, October 21st. StockNews.com upgraded shares of ServiceNow from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, Sanford C. Bernstein increased their price target on shares of ServiceNow from $906.00 to $913.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $1,002.64.

ServiceNow 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.