Amundi Pioneer Asset Management Inc. boosted its stake in ServiceNow Inc (NYSE:NOW) by 64.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,672 shares of the information technology services provider’s stock after acquiring an additional 114,232 shares during the period. Amundi Pioneer Asset Management Inc. owned 0.17% of ServiceNow worth $38,030,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in NOW. American Century Companies Inc. boosted its holdings in ServiceNow by 162.5% in the fourth quarter. American Century Companies Inc. now owns 1,771,319 shares of the information technology services provider’s stock valued at $230,962,000 after acquiring an additional 1,096,491 shares during the last quarter. Ardevora Asset Management LLP bought a new stake in ServiceNow in the third quarter valued at approximately $39,255,000. Carillon Tower Advisers Inc. bought a new stake in ServiceNow in the fourth quarter valued at approximately $27,401,000. Tremblant Capital Group boosted its holdings in ServiceNow by 38.9% in the third quarter. Tremblant Capital Group now owns 435,776 shares of the information technology services provider’s stock valued at $51,217,000 after acquiring an additional 121,970 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in ServiceNow by 57.7% in the fourth quarter. OppenheimerFunds Inc. now owns 286,941 shares of the information technology services provider’s stock valued at $37,414,000 after acquiring an additional 104,932 shares during the last quarter.
Several analysts recently commented on NOW shares. Bank of America upped their target price on ServiceNow from $140.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Mizuho reiterated a “buy” rating and issued a $160.00 target price (up from $140.00) on shares of ServiceNow in a report on Monday, January 22nd. Piper Jaffray Companies restated an “overweight” rating and set a $160.00 price target on shares of ServiceNow in a report on Tuesday, January 16th. Credit Suisse Group restated an “outperform” rating and set a $160.00 price target (up from $138.00) on shares of ServiceNow in a report on Tuesday, January 16th. Finally, Cowen restated a “buy” rating and set a $160.00 price target on shares of ServiceNow in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $149.72.
ServiceNow Inc (NYSE:NOW) opened at $172.76 on Friday. ServiceNow Inc has a twelve month low of $83.42 and a twelve month high of $175.65. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 1.66. The stock has a market capitalization of $29,840.00, a price-to-earnings ratio of 265.78, a P/E/G ratio of 39.38 and a beta of 1.14.
ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. ServiceNow had a negative return on equity of 23.78% and a negative net margin of 7.71%. The company had revenue of $546.37 million for the quarter, compared to analysts’ expectations of $532.74 million. During the same period last year, the business earned $0.25 EPS. ServiceNow’s quarterly revenue was up 41.7% compared to the same quarter last year. analysts predict that ServiceNow Inc will post 0.1 earnings per share for the current year.
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.
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