Compagnie Lombard Odier SCmA Raises Position in ServiceNow, Inc. (NYSE:NOW)

Compagnie Lombard Odier SCmA raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 18.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,157 shares of the information technology services provider’s stock after buying an additional 22,864 shares during the quarter. ServiceNow comprises about 1.4% of Compagnie Lombard Odier SCmA’s holdings, making the stock its 17th largest position. Compagnie Lombard Odier SCmA owned 0.07% of ServiceNow worth $117,158,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in ServiceNow by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 824,725 shares of the information technology services provider’s stock worth $874,258,000 after acquiring an additional 12,533 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of ServiceNow during the 4th quarter valued at about $48,802,000. FMR LLC lifted its position in ServiceNow by 4.9% in the 4th quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider’s stock worth $6,232,339,000 after buying an additional 272,506 shares during the last quarter. Duncker Streett & Co. Inc. boosted its stake in ServiceNow by 4.8% in the fourth quarter. Duncker Streett & Co. Inc. now owns 6,376 shares of the information technology services provider’s stock worth $6,759,000 after buying an additional 290 shares in the last quarter. Finally, Nicholas Investment Partners LP boosted its stake in ServiceNow by 223.5% in the fourth quarter. Nicholas Investment Partners LP now owns 2,805 shares of the information technology services provider’s stock worth $2,974,000 after buying an additional 1,938 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NOW has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of ServiceNow from $1,128.00 to $1,160.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Canaccord Genuity Group cut their price target on shares of ServiceNow from $1,275.00 to $900.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Redburn Atlantic assumed coverage on ServiceNow in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Bank of America lowered their target price on ServiceNow from $1,280.00 to $1,025.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, TD Securities restated a “buy” rating and set a $1,100.00 target price on shares of ServiceNow in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,062.50.

Insider Buying and Selling at ServiceNow

In other news, CFO Gina Mastantuono sold 84 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total value of $85,932.00. Following the completion of the transaction, the chief financial officer now owns 11,218 shares of the company’s stock, valued at $11,476,014. This represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 354 shares of ServiceNow stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total value of $284,831.94. Following the sale, the insider now directly owns 3,027 shares in the company, valued at $2,435,554.47. This trade represents a 10.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,716 shares of company stock valued at $6,611,245. Insiders own 0.38% of the company’s stock.

ServiceNow Stock Down 0.6%

NOW stock opened at $1,003.66 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The stock has a market capitalization of $207.74 billion, a P/E ratio of 146.95, a P/E/G ratio of 4.51 and a beta of 0.95. The business has a fifty day moving average price of $933.88 and a 200-day moving average price of $974.34.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.26. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the prior year, the business earned $3.41 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. Equities analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

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.