Tokio Marine Asset Management Co. Ltd. Has $3.44 Million Stake in ServiceNow, Inc. (NYSE:NOW)

Tokio Marine Asset Management Co. Ltd. grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,862 shares of the information technology services provider’s stock after purchasing an additional 286 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in ServiceNow were worth $3,435,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NOW. Summit Global Investments bought a new stake in shares of ServiceNow in the third quarter valued at approximately $209,000. Capital Investment Advisors LLC acquired a new position in shares of ServiceNow in the third quarter valued at $459,000. Impact Partnership Wealth LLC raised its stake in shares of ServiceNow by 672.7% in the third quarter. Impact Partnership Wealth LLC now owns 85 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 74 shares in the last quarter. Park Place Capital Corp raised its stake in shares of ServiceNow by 9.2% in the third quarter. Park Place Capital Corp now owns 1,149 shares of the information technology services provider’s stock valued at $642,000 after purchasing an additional 97 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC raised its stake in shares of ServiceNow by 3.4% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 2,795 shares of the information technology services provider’s stock valued at $1,562,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 5,159 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the transaction, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction dated 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 transaction, the chief executive officer now owns 17,177 shares in the company, valued at approximately $12,935,655.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul John Smith sold 5,159 shares of ServiceNow stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the transaction, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,164 shares of company stock worth $9,940,303. Insiders own 0.25% of the company’s stock.

ServiceNow Trading Up 0.7 %

ServiceNow stock traded up $5.44 during mid-day trading on Wednesday, hitting $746.39. The stock had a trading volume of 1,702,385 shares, compared to its average volume of 1,186,092. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. ServiceNow, Inc. has a 12 month low of $427.68 and a 12 month high of $815.32. The stock has a market capitalization of $153.29 billion, a PE ratio of 88.75, a P/E/G ratio of 4.56 and a beta of 0.97. The stock has a 50-day simple moving average of $761.32 and a two-hundred day simple moving average of $706.74.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.88 earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 6.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NOW shares. Wells Fargo & Company upped their target price on ServiceNow from $875.00 to $900.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Stifel Nicolaus reiterated a “buy” rating and set a $820.00 price objective on shares of ServiceNow in a research note on Wednesday, March 20th. JMP Securities reiterated a “market outperform” rating and set a $825.00 price objective on shares of ServiceNow in a research note on Tuesday. Robert W. Baird increased their price objective on ServiceNow from $780.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, BMO Capital Markets increased their price objective on ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $780.37.

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.