Bailard Inc. Has $10.76 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

Bailard Inc. increased its holdings in shares of ServiceNow, Inc. (NYSE:NOWGet Rating) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,574 shares of the information technology services provider’s stock after acquiring an additional 2,026 shares during the period. Bailard Inc.’s holdings in ServiceNow were worth $10,758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC grew its position in ServiceNow by 75.0% during the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 18 shares during the last quarter. MV Capital Management Inc. grew its position in ServiceNow by 96.2% during the 3rd quarter. MV Capital Management Inc. now owns 51 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. AHL Investment Management Inc. bought a new stake in ServiceNow during the 4th quarter worth approximately $35,000. Lee Financial Co grew its position in ServiceNow by 671.4% during the 4th quarter. Lee Financial Co now owns 54 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 47 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its position in ServiceNow by 240.0% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 68 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 87.20% of the company’s stock.

A number of brokerages have commented on NOW. StockNews.com began coverage on ServiceNow in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Jefferies Financial Group decreased their price objective on ServiceNow from $765.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, January 27th. BMO Capital Markets decreased their price objective on ServiceNow from $635.00 to $570.00 in a research report on Wednesday, April 27th. Canaccord Genuity Group decreased their price objective on ServiceNow from $715.00 to $615.00 in a research report on Thursday, January 27th. Finally, Cowen decreased their price objective on ServiceNow from $725.00 to $695.00 in a research report on Thursday, April 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $664.74.

Shares of NYSE:NOW traded up $19.71 during trading on Friday, reaching $452.65. 2,093,565 shares of the stock were exchanged, compared to its average volume of 1,754,470. ServiceNow, Inc. has a 12 month low of $406.47 and a 12 month high of $707.60. The firm has a market cap of $90.74 billion, a PE ratio of 411.50, a PEG ratio of 8.23 and a beta of 1.09. The stock has a 50-day moving average price of $516.26 and a 200-day moving average price of $577.81. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37.

ServiceNow (NYSE:NOWGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. ServiceNow had a return on equity of 8.66% and a net margin of 3.56%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue was up 26.6% on a year-over-year basis. On average, sell-side analysts expect that ServiceNow, Inc. will post 1.8 earnings per share for the current fiscal year.

In other ServiceNow news, Director Teresa Briggs sold 932 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $490.26, for a total transaction of $456,922.32. Following the completion of the transaction, the director now directly owns 707 shares in the company, valued at $346,613.82. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederic B. Luddy sold 6,600 shares of the business’s stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $556.81, for a total transaction of $3,674,946.00. Following the transaction, the director now owns 707 shares of the company’s stock, valued at $393,664.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,007 shares of company stock valued at $12,332,620. 0.35% of the stock is owned by company insiders.

ServiceNow Company Profile (Get Rating)

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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