ServiceNow, Inc. $NOW Shares Purchased by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA raised its position in ServiceNow by 444.9% in Q4, buying an additional 262,362 shares to hold 321,331 shares worth about $46.8 million (0.7% of its portfolio and its 27th largest position).
• Company insiders have been net sellers recently — Kevin McBride sold 1,400 shares and director Paul Chamberlain sold 1,500, with insiders offloading 16,237 shares (roughly $1.70 million) in the last 90 days and now owning 0.34% of the stock.
• ServiceNow beat Q4 expectations with revenue of $3.57 billion (up 20.7% YoY) and EPS of $0.92, trades at a market cap of about $118.4 billion (P/E ~67.9), and holds a consensus analyst rating of Moderate Buy with an average price target of $192.61.

Union Bancaire Privee UBP SA raised its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 444.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 321,331 shares of the information technology services provider's stock after purchasing an additional 262,362 shares during the quarter. ServiceNow comprises 0.7% of Union Bancaire Privee UBP SA's investment portfolio, making the stock its 27th biggest position. Union Bancaire Privee UBP SA's holdings in ServiceNow were worth $46,834,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kilter Group LLC acquired a new position in shares of ServiceNow in the 2nd quarter valued at $25,000. IAG Wealth Partners LLC lifted its holdings in shares of ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 18 shares during the last quarter. Bogart Wealth LLC boosted its position in shares of ServiceNow by 93.8% during the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider's stock worth $29,000 after purchasing an additional 15 shares during the period. Wealth Watch Advisors INC acquired a new stake in ServiceNow in the 3rd quarter valued at approximately $29,000. Finally, Total Investment Management Inc. purchased a new stake in ServiceNow in the second quarter valued at approximately $31,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the transaction, the insider owned 26,314 shares in the company, valued at approximately $2,781,652.94. This represents a 5.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the sale, the director directly owned 46,430 shares in the company, valued at $4,697,323.10. This trade represents a 3.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,237 shares of company stock valued at $1,697,162 in the last ninety days. Insiders own 0.34% of the company's stock.

ServiceNow Stock Down 0.5%

NOW stock opened at $113.19 on Friday. The company's 50 day moving average price is $116.55 and its 200 day moving average price is $153.54. The firm has a market capitalization of $118.40 billion, a price-to-earnings ratio of 67.86, a PEG ratio of 1.92 and a beta of 0.99. ServiceNow, Inc. has a fifty-two week low of $98.00 and a fifty-two week high of $211.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company had revenue of $3.57 billion during the quarter, compared to analysts' expectations of $3.53 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The firm's revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Canaccord Genuity Group set a $200.00 price target on ServiceNow in a research note on Thursday, January 29th. Jefferies Financial Group decreased their target price on ServiceNow from $230.00 to $175.00 and set a "buy" rating on the stock in a research note on Friday, January 23rd. BNP Paribas Exane raised ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a research report on Monday. BTIG Research reissued a "buy" rating and set a $200.00 price target on shares of ServiceNow in a research report on Thursday, January 29th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of ServiceNow in a report on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and an average price target of $192.61.

ServiceNow Company Profile

ServiceNow NYSE: NOW is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company's flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.

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