Calamos Advisors LLC Reduces Holdings in ServiceNow, Inc. (NYSE:NOW)

Calamos Advisors LLC decreased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 105,121 shares of the information technology services provider’s stock after selling 375 shares during the period. Calamos Advisors LLC owned approximately 0.05% of ServiceNow worth $74,267,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NOW. PFG Private Wealth Management LLC purchased a new stake in ServiceNow in the third quarter valued at approximately $28,000. First Capital Advisors Group LLC. purchased a new stake in ServiceNow in the second quarter valued at approximately $29,000. High Net Worth Advisory Group LLC purchased a new stake in ServiceNow in the first quarter valued at approximately $29,000. AdvisorNet Financial Inc boosted its position in ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Finally, Steward Financial Group LLC boosted its position in ServiceNow by 125.0% in the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now directly owns 1,392 shares in the company, valued at approximately $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the sale, the chief executive officer now directly owns 17,177 shares in the company, valued at approximately $12,935,655.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul John Smith sold 1,180 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now owns 1,392 shares in the company, valued at $1,067,831.04. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock worth $9,940,303 over the last quarter. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. The Goldman Sachs Group upped their target price on ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Guggenheim reissued a “neutral” rating on shares of ServiceNow in a report on Monday. KeyCorp initiated coverage on ServiceNow in a report on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 price target for the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $820.00 target price on shares of ServiceNow in a research note on Wednesday, March 20th. Finally, Robert W. Baird upped their target price on ServiceNow from $780.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $780.37.

ServiceNow Stock Down 0.7 %

Shares of NYSE:NOW traded down $5.09 during trading on Thursday, hitting $731.36. The company’s stock had a trading volume of 787,657 shares, compared to its average volume of 1,171,211. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. ServiceNow, Inc. has a fifty-two week low of $427.68 and a fifty-two week high of $815.32. The stock’s 50-day moving average price is $767.53 and its two-hundred day moving average price is $700.42. The company has a market capitalization of $150.21 billion, a PE ratio of 87.68, a PEG ratio of 4.71 and a beta of 0.97.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. ServiceNow’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, sell-side analysts expect 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.