ServiceNow, Inc. (NYSE:NOW) is Sandhill Capital Partners LLC’s 4th Largest Position

Sandhill Capital Partners LLC lessened its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,367 shares of the information technology services provider’s stock after selling 15,851 shares during the quarter. ServiceNow comprises about 4.5% of Sandhill Capital Partners LLC’s investment portfolio, making the stock its 4th biggest position. Sandhill Capital Partners LLC’s holdings in ServiceNow were worth $53,952,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NOW. PFG Private Wealth Management LLC acquired a new stake in ServiceNow during the 3rd quarter valued at $28,000. AdvisorNet Financial Inc boosted its holdings in shares of ServiceNow by 266.7% during the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Steward Financial Group LLC boosted its holdings in shares of ServiceNow by 125.0% during the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 35 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of ServiceNow during the third quarter worth $35,000. Finally, Disciplined Equity Management Inc. acquired a new stake in shares of ServiceNow during the fourth quarter worth $35,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Oppenheimer raised their price objective on ServiceNow from $750.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Mizuho increased their target price on ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $900.00 target price on shares of ServiceNow in a research report on Thursday. KeyCorp cut their target price on ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, William Blair reaffirmed an “outperform” rating on shares of ServiceNow in a research report on Thursday. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $782.85.

Insider Buying and Selling

In related news, insider Paul John Smith sold 1,795 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the sale, the insider now owns 994 shares of the company’s stock, valued at $776,373.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the completion of the transaction, the insider now directly owns 994 shares in the company, valued at approximately $776,373.64. The disclosure for this sale can be found here. Insiders have sold a total of 13,164 shares of company stock valued at $9,940,303 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

ServiceNow Stock Down 4.0 %

NYSE:NOW traded down $30.04 during mid-day trading on Thursday, reaching $716.25. The stock had a trading volume of 3,366,891 shares, compared to its average volume of 1,213,611. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $761.32 and its two-hundred day simple moving average is $706.74. The company has a market capitalization of $147.10 billion, a price-to-earnings ratio of 85.17, a price-to-earnings-growth ratio of 4.68 and a beta of 0.97. ServiceNow, Inc. has a 1-year low of $427.68 and a 1-year high of $815.32.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. Equities analysts anticipate that ServiceNow, Inc. will post 6.16 EPS for the current year.

About ServiceNow

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.