Crossmark Global Holdings Inc. Has $10.42 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Crossmark Global Holdings Inc. reduced its position in ServiceNow, Inc. (NYSE:NOW) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,833 shares of the information technology services provider’s stock after selling 237 shares during the period. Crossmark Global Holdings Inc.’s holdings in ServiceNow were worth $10,424,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NOW. EverSource Wealth Advisors LLC lifted its holdings in ServiceNow by 5.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 815 shares of the information technology services provider’s stock valued at $664,000 after purchasing an additional 45 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of ServiceNow by 74.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 7,884 shares of the information technology services provider’s stock worth $6,202,000 after buying an additional 3,364 shares during the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of ServiceNow during the 2nd quarter worth about $1,680,000. Resources Management Corp CT ADV grew its stake in ServiceNow by 136.6% in the 2nd quarter. Resources Management Corp CT ADV now owns 1,266 shares of the information technology services provider’s stock valued at $996,000 after buying an additional 731 shares during the last quarter. Finally, Farallon Capital Management LLC raised its holdings in ServiceNow by 14.9% in the 2nd quarter. Farallon Capital Management LLC now owns 454,050 shares of the information technology services provider’s stock valued at $357,188,000 after acquiring an additional 58,962 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NOW. Morgan Stanley lowered ServiceNow from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $900.00 to $960.00 in a report on Monday, October 21st. The Goldman Sachs Group raised their price target on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus boosted their price objective on shares of ServiceNow from $900.00 to $990.00 and gave the company a “buy” rating in a report on Thursday, October 24th. KeyCorp cut shares of ServiceNow from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Finally, Evercore ISI boosted their price target on ServiceNow from $950.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and an average target price of $1,090.72.

Insider Activity at ServiceNow

In other news, insider Jacqueline P. Canney sold 76 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total value of $76,831.44. Following the completion of the sale, the insider now owns 3,027 shares in the company, valued at $3,060,115.38. This represents a 2.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William R. Mcdermott sold 12,271 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the sale, the chief executive officer now directly owns 2,595 shares of the company’s stock, valued at $2,588,953.65. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,731 shares of company stock worth $21,016,751 over the last ninety days. Insiders own 0.25% of the company’s stock.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $1,097.53 on Wednesday. The stock has a market cap of $226.09 billion, a price-to-earnings ratio of 170.69, a P/E/G ratio of 4.85 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a twelve month low of $637.99 and a twelve month high of $1,157.90. The company’s fifty day moving average is $1,070.37 and its 200 day moving average is $935.27.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The company had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The business’s quarterly revenue was up 22.2% on a year-over-year basis. Sell-side analysts forecast that ServiceNow, Inc. will post 7.06 EPS for the current year.

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.