ServiceNow Inc (NOW) : Passport Capital added new position in ServiceNow Inc during the Fourth Quarter. The investment management firm now holds 49,770 shares of ServiceNow Inc which is valued at $3 Million according to most recent disclosure to SEC.ServiceNow Inc makes up approximately 0.09% of Passport Capital’s portfolio.
Other Hedge Funds, Including , Two Sigma Advisers boosted its stake in NOW during the Q4 period, The investment management firm added 25,976 additional shares and now holds a total of 32,025 shares of ServiceNow Inc which is valued at $1.9 Million. ServiceNow Inc makes up approx 0.01% of Two Sigma Advisers’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in NOW during the Q4 period, The investment management firm added 2,112 additional shares and now holds a total of 282,815 shares of ServiceNow Inc which is valued at $17 Million. ServiceNow Inc makes up approx 0.04% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Jefferies Group reduced its stake in NOW by selling 4,543 shares or 96.76% during the fourth quarter. The Hedge Fund company now holds 152 shares of NOW which is valued at $9,143. Bbva Compass Bancshares Inc added NOW to its portfolio by purchasing 3,522 company shares during the Fourth Quarter which is valued at $211,848. ServiceNow Inc makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.Menta Capital boosted its stake in NOW during the Q4 period, The investment management firm added 30,150 additional shares and now holds a total of 52,910 shares of ServiceNow Inc which is valued at $3.2 Million. ServiceNow Inc makes up approx 0.41% of Menta Capital’s portfolio.
On the company’s financial health, ServiceNow Inc reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.08. The company had revenue of $285.70 million for the quarter, compared to analysts expectations of $281.40 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 $0.03 EPS.
Many Wall Street Analysts have commented on ServiceNow Inc. 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 .Wunderlich Initiated ServiceNow Inc on Feb 18, 2016 to “Buy”, Price Target of the shares are set at $75.
ServiceNow Inc opened for trading at $62.07 and hit $64.37 on the upside on Monday, eventually ending the session at $64.28, with a gain of 3.63% or 2.25 points. The heightened volatility saw the trading volume jump to 22,72,130 shares. Company has a market cap of $10,375 M.
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.