Liontrust Investment Partners LLP Has $78.16 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Key Points

• Liontrust Investment Partners LLP reduced its stake in ServiceNow, inc. by 24.9%, holding 98,170 shares valued at approximately $78.16 million at the end of the last quarter.
• Major institutional investors such as Vanguard Group Inc. and Price T Rowe Associates Inc. have significantly increased their holdings in ServiceNow, indicating strong institutional interest in the company.
• ServiceNow reported an earnings per share of $4.09 for the last quarter, surpassing estimates and showing a 22.4% year-over-year revenue growth.

Liontrust Investment Partners LLP trimmed its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,170 shares of the information technology services provider's stock after selling 32,586 shares during the period. Liontrust Investment Partners LLP's holdings in ServiceNow were worth $78,157,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in ServiceNow by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 19,496,992 shares of the information technology services provider's stock worth $15,522,335,000 after purchasing an additional 297,734 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in ServiceNow by 6.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,955,924 shares of the information technology services provider's stock worth $8,434,235,000 after acquiring an additional 509,467 shares during the last quarter. GAMMA Investing LLC boosted its position in ServiceNow by 87,501.3% during the 1st quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider's stock worth $2,141,108,000 after acquiring an additional 2,686,291 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in ServiceNow by 3.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,654,825 shares of the information technology services provider's stock worth $2,814,433,000 after acquiring an additional 87,876 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in ServiceNow by 4.9% during the 4th quarter. Nuveen Asset Management LLC now owns 2,343,840 shares of the information technology services provider's stock worth $2,484,752,000 after acquiring an additional 109,293 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Sanford C. Bernstein reissued an "outperform" rating and issued a $1,003.00 price objective on shares of ServiceNow in a report on Thursday, April 24th. Needham & Company LLC increased their price objective on ServiceNow from $1,050.00 to $1,200.00 and gave the company a "buy" rating in a report on Thursday, July 24th. DA Davidson increased their price objective on ServiceNow from $1,150.00 to $1,250.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Guggenheim reissued a "sell" rating and issued a $724.00 price objective on shares of ServiceNow in a report on Thursday, July 17th. Finally, Evercore ISI increased their price objective on ServiceNow from $925.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,115.20.

ServiceNow Stock Performance

Shares of NOW stock opened at $850.49 on Friday. The business's 50-day moving average price is $970.30 and its 200-day moving average price is $937.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $176.90 billion, a price-to-earnings ratio of 107.12, a PEG ratio of 3.89 and a beta of 0.93. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.52. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.12 billion. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%. The firm's quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.13 earnings per share. Equities research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insiders Place Their Bets

In other news, Director Anita M. Sands sold 239 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $1,050.00, for a total transaction of $250,950.00. Following the completion of the sale, the director owned 10,404 shares in the company, valued at $10,924,200. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lawrence Jackson sold 757 shares of the company's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $990.50, for a total value of $749,808.50. Following the sale, the director owned 588 shares of the company's stock, valued at $582,414. This trade represents a 56.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,738 shares of company stock valued at $5,713,973 in the last 90 days. Company insiders own 0.38% of the company's stock.

ServiceNow Profile

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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