Harel Insurance Investments & Financial Services Ltd. Purchases Shares of 600 ServiceNow Inc (NOW)

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Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of ServiceNow Inc (NYSE:NOW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 600 shares of the information technology services provider’s stock, valued at approximately $117,000.

Several other large investors have also recently added to or reduced their stakes in NOW. Peregrine Capital Management LLC boosted its holdings in ServiceNow by 0.3% in the second quarter. Peregrine Capital Management LLC now owns 97,301 shares of the information technology services provider’s stock valued at $16,782,000 after acquiring an additional 284 shares during the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC boosted its holdings in ServiceNow by 4.8% in the second quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 6,505 shares of the information technology services provider’s stock valued at $1,122,000 after acquiring an additional 300 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in ServiceNow by 33.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 305 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in ServiceNow by 6.7% in the third quarter. Raymond James Trust N.A. now owns 5,263 shares of the information technology services provider’s stock valued at $1,030,000 after acquiring an additional 331 shares during the last quarter. Finally, Chesapeake Wealth Management boosted its holdings in ServiceNow by 24.9% in the second quarter. Chesapeake Wealth Management now owns 1,680 shares of the information technology services provider’s stock valued at $290,000 after acquiring an additional 335 shares during the last quarter. Institutional investors own 95.27% of the company’s stock.

ServiceNow stock opened at $181.04 on Thursday. The company has a market cap of $29.98 billion, a price-to-earnings ratio of -172.42, a price-to-earnings-growth ratio of 31.26 and a beta of 1.23. ServiceNow Inc has a 52-week low of $112.84 and a 52-week high of $206.29. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.72.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 24th. The information technology services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.61. The firm had revenue of $673.10 million for the quarter, compared to analysts’ expectations of $659.41 million. ServiceNow had a negative return on equity of 3.15% and a negative net margin of 2.52%. As a group, sell-side analysts forecast that ServiceNow Inc will post 0.16 EPS for the current year.

In other news, Director Frederic B. Luddy sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $174.56, for a total transaction of $5,673,200.00. Following the transaction, the director now directly owns 282,383 shares of the company’s stock, valued at $49,292,776.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald E. F. Codd sold 39,506 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $185.88, for a total value of $7,343,375.28. Following the transaction, the director now directly owns 53,428 shares in the company, valued at $9,931,196.64. The disclosure for this sale can be found here. Insiders have sold 190,350 shares of company stock worth $35,102,979 over the last ninety days. 1.60% of the stock is owned by insiders.

Several analysts recently commented on NOW shares. Barclays upped their target price on ServiceNow from $185.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $210.00 target price on shares of ServiceNow in a report on Friday, July 20th. Bank of America upped their target price on ServiceNow from $203.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. BMO Capital Markets upped their target price on ServiceNow from $177.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, July 26th. Finally, Canaccord Genuity upped their target price on ServiceNow from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $203.44.

About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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