Campbell & CO Investment Adviser LLC Invests $795,000 in ServiceNow, Inc. (NYSE:NOW)

Campbell & CO Investment Adviser LLC acquired a new position in shares of ServiceNow, Inc. (NYSE:NOWFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,125 shares of the information technology services provider’s stock, valued at approximately $795,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of ServiceNow by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 17,753,781 shares of the information technology services provider’s stock worth $9,923,653,000 after acquiring an additional 122,577 shares during the last quarter. FMR LLC raised its holdings in shares of ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after acquiring an additional 595,697 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of ServiceNow by 2.2% in the 4th quarter. Jennison Associates LLC now owns 2,521,190 shares of the information technology services provider’s stock worth $1,781,195,000 after acquiring an additional 53,719 shares during the last quarter. Norges Bank acquired a new stake in shares of ServiceNow in the 4th quarter worth about $1,648,259,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of ServiceNow by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,281,748 shares of the information technology services provider’s stock worth $1,612,032,000 after acquiring an additional 81,028 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Down 0.1 %

NOW opened at $703.16 on Friday. The company has a 50 day moving average of $733.86 and a 200 day moving average of $734.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 12 month low of $526.11 and a 12 month high of $815.32. The company has a market cap of $144.15 billion, a PE ratio of 75.20, a price-to-earnings-growth ratio of 4.41 and a beta of 0.96.

ServiceNow (NYSE:NOWGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. On average, sell-side analysts expect that ServiceNow, Inc. will post 6.5 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NOW shares. William Blair restated an “outperform” rating on shares of ServiceNow in a report on Tuesday, May 7th. Wells Fargo & Company upped their target price on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Robert W. Baird upped their target price on shares of ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. UBS Group decreased their price objective on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, BMO Capital Markets decreased their price objective on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $814.48.

Get Our Latest Report on ServiceNow

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 190 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total value of $136,568.20. Following the completion of the transaction, the insider now directly owns 3,010 shares of the company’s stock, valued at approximately $2,163,527.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Paul John Smith sold 190 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the sale, the insider now owns 3,010 shares in the company, valued at approximately $2,163,527.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicholas Tzitzon sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $690.99, for a total transaction of $1,381,980.00. Following the sale, the insider now owns 3,649 shares in the company, valued at approximately $2,521,422.51. The disclosure for this sale can be found here. Insiders sold a total of 5,315 shares of company stock valued at $3,846,512 in the last three months. Company insiders own 0.25% of the company’s stock.

ServiceNow Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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