Nisa Investment Advisors LLC Takes Position in ServiceNow, Inc. (NOW)

Nisa Investment Advisors LLC acquired a new position in shares of ServiceNow, Inc. (NYSE:NOW) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 2,000 shares of the information technology services provider’s stock, valued at approximately $175,000.

A number of other large investors have also recently made changes to their positions in NOW. BP PLC bought a new position in shares of ServiceNow during the fourth quarter valued at about $1,487,000. Commonwealth Bank of Australia raised its stake in ServiceNow by 18.1% in the third quarter. Commonwealth Bank of Australia now owns 1,306 shares of the information technology services provider’s stock worth $104,000 after buying an additional 200 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in ServiceNow during the fourth quarter worth about $207,000. Marshall Wace LLP raised its stake in ServiceNow by 1,109.2% in the fourth quarter. Marshall Wace LLP now owns 47,366 shares of the information technology services provider’s stock worth $3,521,000 after buying an additional 43,449 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in ServiceNow during the third quarter worth about $215,000. 97.68% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

ServiceNow, Inc. (NYSE NOW) traded up 2.37% during trading on Monday, hitting $103.60. The stock had a trading volume of 1,551,990 shares. The company’s 50 day moving average is $101.14 and its 200 day moving average is $89.25. ServiceNow, Inc. has a 52-week low of $63.51 and a 52-week high of $110.66. The firm’s market cap is $17.58 billion.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, April 26th. The information technology services provider reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.02. ServiceNow had a negative net margin of 10.60% and a negative return on equity of 31.34%. The firm had revenue of $416.80 million during the quarter, compared to analyst estimates of $409.26 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. ServiceNow’s revenue for the quarter was up 36.3% compared to the same quarter last year. Equities research analysts forecast that ServiceNow, Inc. will post $1.16 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was first published by BBNS and is the property of of BBNS. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://baseballnewssource.com/markets/nisa-investment-advisors-llc-takes-position-in-servicenow-inc-now-updated-updated/862585.html.

Several equities analysts recently commented on NOW shares. Sanford C. Bernstein started coverage on ServiceNow in a research report on Wednesday, May 24th. They set an “outperform” rating and a $120.00 target price for the company. Robert W. Baird initiated coverage on ServiceNow in a research report on Tuesday, February 28th. They set an “outperform” rating and a $103.00 target price for the company. BMO Capital Markets upped their price objective on ServiceNow from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. Royal Bank Of Canada reiterated a “buy” rating and issued a $110.00 price objective on shares of ServiceNow in a report on Monday, May 29th. Finally, Zacks Investment Research cut ServiceNow from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $103.55.

In related news, CRO David Schneider sold 2,243 shares of ServiceNow stock in a transaction on Monday, May 15th. The shares were sold at an average price of $97.04, for a total transaction of $217,660.72. Following the sale, the executive now directly owns 47,654 shares in the company, valued at approximately $4,624,344.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederic B. Luddy sold 167,000 shares of ServiceNow stock in a transaction on Wednesday, March 22nd. The stock was sold at an average price of $85.02, for a total transaction of $14,198,340.00. The disclosure for this sale can be found here. Insiders sold a total of 696,673 shares of company stock worth $64,476,246 over the last 90 days. Company insiders own 5.90% of the company’s stock.

About ServiceNow

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.

Receive News & Ratings for ServiceNow Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third
Injury to Gleyber Torres Adds to Questions About Yankees
Injury to Gleyber Torres Adds to Questions About Yankees
Game Winning Home Run Completes Nolan Arenado Cycle
Game Winning Home Run Completes Nolan Arenado Cycle
New York Yankees and Masahiro Tanaka Hit Hard Again
New York Yankees and Masahiro Tanaka Hit Hard Again
Victor Martinez Diagnosed with Irregular Heartbeat
Victor Martinez Diagnosed with Irregular Heartbeat


Leave a Reply

 
© 2006-2017 BBNS.