Bbva Compass Bancshares Inc. decreased its position in shares of ServiceNow, Inc. (NYSE:NOW) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,081 shares of the information technology services provider’s stock after selling 208 shares during the period. Bbva Compass Bancshares Inc.’s holdings in ServiceNow were worth $433,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in ServiceNow by 91.1% in the first quarter. FMR LLC now owns 3,280,069 shares of the information technology services provider’s stock worth $286,908,000 after buying an additional 1,563,778 shares during the last quarter. Vanguard Group Inc. increased its stake in ServiceNow by 8.1% in the first quarter. Vanguard Group Inc. now owns 13,244,656 shares of the information technology services provider’s stock worth $1,158,511,000 after buying an additional 994,461 shares during the last quarter. Renaissance Technologies LLC increased its stake in ServiceNow by 770.6% in the first quarter. Renaissance Technologies LLC now owns 1,072,600 shares of the information technology services provider’s stock worth $93,820,000 after buying an additional 949,400 shares during the last quarter. Russell Investments Group Ltd. increased its stake in ServiceNow by 71.1% in the first quarter. Russell Investments Group Ltd. now owns 743,260 shares of the information technology services provider’s stock worth $65,023,000 after buying an additional 308,965 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in ServiceNow during the first quarter worth $24,431,000. 97.53% of the stock is currently owned by institutional investors.
Shares of ServiceNow, Inc. (NOW) opened at 108.76 on Tuesday. The firm’s 50 day moving average is $107.37 and its 200 day moving average is $95.91. The company’s market cap is $18.53 billion. ServiceNow, Inc. has a 12 month low of $71.25 and a 12 month high of $115.85.
ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $471.70 million for the quarter, compared to analyst estimates of $462.11 million. ServiceNow had a negative net margin of 10.17% and a negative return on equity of 30.72%. ServiceNow’s revenue was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. On average, equities analysts predict that ServiceNow, Inc. will post $1.17 earnings per share for the current year.
WARNING: “Bbva Compass Bancshares Inc. Sells 208 Shares of ServiceNow, Inc. (NYSE:NOW)” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://stocknewstimes.com/2017/08/08/bbva-compass-bancshares-inc-sells-208-shares-of-servicenow-inc-nysenow.html.
Several research analysts have recently commented on NOW shares. Zacks Investment Research raised ServiceNow from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Friday, April 28th. Morgan Stanley boosted their target price on ServiceNow from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Friday, April 28th. BMO Capital Markets boosted their target price on ServiceNow from $104.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. BidaskClub raised ServiceNow from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Finally, Barclays PLC reissued an “overweight” rating and issued a $115.00 target price (up from $107.00) on shares of ServiceNow in a report on Monday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $115.96.
In other news, Director Frank Slootman sold 252,211 shares of ServiceNow stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $109.19, for a total transaction of $27,538,919.09. Following the transaction, the director now owns 356,287 shares in the company, valued at $38,902,977.53. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO David Schneider sold 2,243 shares of ServiceNow stock in a transaction on Monday, May 15th. The stock was sold at an average price of $97.04, for a total transaction of $217,660.72. Following the transaction, the executive now owns 47,654 shares in the company, valued at approximately $4,624,344.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 731,884 shares of company stock worth $79,049,745. 3.30% of the stock is owned by company insiders.
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 MarketBeat.com's FREE daily email newsletter.
