ServiceNow, Inc. (NYSE:NOW) Shares Sold by WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST

by · The Cerbat Gem

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST cut its stake in ServiceNow, Inc. (NYSE:NOW – Free Report) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 425,000 shares of the information technology services provider’s stock after selling 75,000 shares during the period. ServiceNow makes up 5.4% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings, making the stock its 8th largest position. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned approximately 0.21% of ServiceNow worth $450,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Matrix Trust Co bought a new stake in shares of ServiceNow in the 4th quarter valued at about $159,000. Aprio Wealth Management LLC raised its holdings in shares of ServiceNow by 28.3% in the 4th quarter. Aprio Wealth Management LLC now owns 453 shares of the information technology services provider’s stock valued at $480,000 after purchasing an additional 100 shares during the period. Czech National Bank raised its holdings in shares of ServiceNow by 6.7% in the 4th quarter. Czech National Bank now owns 44,793 shares of the information technology services provider’s stock valued at $47,486,000 after purchasing an additional 2,829 shares during the period. HBW Advisory Services LLC raised its holdings in shares of ServiceNow by 13.2% in the 4th quarter. HBW Advisory Services LLC now owns 266 shares of the information technology services provider’s stock valued at $282,000 after purchasing an additional 31 shares during the period. Finally, Highline Wealth Partners LLC raised its holdings in shares of ServiceNow by 7.8% in the 4th quarter. Highline Wealth Partners LLC now owns 591 shares of the information technology services provider’s stock valued at $627,000 after purchasing an additional 43 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Nicholas Tzitzon sold 313 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total transaction of $333,219.80. Following the completion of the sale, the insider now directly owns 3,649 shares in the company, valued at $3,884,725.40. This represents a 7.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 300 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,047.95, for a total transaction of $314,385.00. Following the sale, the director now owns 10,467 shares of the company’s stock, valued at $10,968,892.65. This represents a 2.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,629 shares of company stock valued at $20,861,626 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NOW shares. Raymond James began coverage on shares of ServiceNow in a report on Tuesday, December 24th. They issued an “outperform” rating and a $1,200.00 price target on the stock. Barclays increased their target price on shares of ServiceNow from $980.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Citigroup increased their target price on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley lowered shares of ServiceNow from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $900.00 to $960.00 in a research report on Monday, October 21st. Finally, UBS Group increased their target price on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,071.39.

Read Our Latest Research Report on NOW

ServiceNow Stock Performance

NYSE NOW opened at $1,014.38 on Monday. The company’s 50 day moving average is $1,064.01 and its 200-day moving average is $924.13. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,157.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The firm has a market cap of $208.96 billion, a P/E ratio of 157.76, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99.

ServiceNow (NYSE:NOW – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.26. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. ServiceNow’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. Sell-side analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

ServiceNow Company 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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