ServiceNow Inc (NOW) : Westfield Capital Management Co Lp scooped up 804,236 additional shares in ServiceNow Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,432,535 shares of ServiceNow Inc which is valued at $164.1 Million.ServiceNow Inc makes up approximately 1.27% of Westfield Capital Management Co Lp’s portfolio.
Other Hedge Funds, Including , Turner Investments reduced its stake in NOW by selling 56,280 shares or 82.43% in the most recent quarter. The Hedge Fund company now holds 12,000 shares of NOW which is valued at $809,280. ServiceNow Inc makes up approx 0.22% of Turner Investments’s portfolio.Thornburg Investment Management Inc boosted its stake in NOW in the latest quarter, The investment management firm added 29,645 additional shares and now holds a total of 189,297 shares of ServiceNow Inc which is valued at $12.8 Million. ServiceNow Inc makes up approx 0.09% of Thornburg Investment Management Inc’s portfolio.Sg Americas Securities boosted its stake in NOW in the latest quarter, The investment management firm added 47,419 additional shares and now holds a total of 61,335 shares of ServiceNow Inc which is valued at $4.1 Million. ServiceNow Inc makes up approx 0.03% of Sg Americas Securities’s portfolio.Zevenbergen Capital Investments reduced its stake in NOW by selling 5,090 shares or 1.1% in the most recent quarter. The Hedge Fund company now holds 457,840 shares of NOW which is valued at $30.9 Million. ServiceNow Inc makes up approx 1.45% of Zevenbergen Capital Investments’s portfolio.Winslow Capital Management boosted its stake in NOW in the latest quarter, The investment management firm added 210,303 additional shares and now holds a total of 3,869,420 shares of ServiceNow Inc which is valued at $261 Million. ServiceNow Inc makes up approx 1.03% of Winslow Capital Management’s portfolio.
ServiceNow Inc closed down -0.22 points or -0.31% at $70.76 with 11,16,040 shares getting traded on Wednesday. Post opening the session at $71.35, the shares hit an intraday low of $70.63 and an intraday high of $71.4999 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, ServiceNow Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.07. The company had revenue of $305.90 million for the quarter, compared to analysts expectations of $300.83 million. The company’s revenue was up 44.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on ServiceNow Inc. Company shares were Reiterated by Wunderlich on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 85 from a previous price target of $75 .ServiceNow Inc was Initiated by Macquarie to “Outperform” on Mar 4, 2016. Shares were Reiterated by Deutsche Bank on Feb 22, 2016 to “Buy” and Lowered the Price Target to $ 75 from a previous price target of $90 .
ServiceNow Inc. is a provider of cloud-based solutions that define structure manage and automate services across the global enterprise. The Company provides cloud-based service management solutions that address the needs of a range of departments within an organization including IT human resources (HR) facilities field service marketing legal and finance. It also provides business management and IT operations management solutions that facilitate the delivery of services across the enterprise. The Company markets its services to enterprises in a variety of industries including financial services consumer products IT services health care and technology. The Company offers a portfolio of services including Professional Services Education Services and Customer Support. The Company provides its services from data centers located in Australia Brazil Canada Hong Kong the Netherlands Singapore Switzerland the United Kingdom and the United States.