Dynamic Advisor Solutions LLC purchased a new position in the shares of ServiceNow, Inc. (NYSE: NOW-Get Rating) in the 1st quarter, according to the company in its most recent filing of Form 13F with the Securities & Exchange Commission. The fund bought 1,349 shares of the information technology services provider’s stock, valued at approximately $ 751,000.
Other institutional investors have recently increased or decreased their stakes in the company. CLARET ASSET MANAGEMENT Corp. acquired a new position in ServiceNow shares in the third quarter worth approximately $ 204,000. DNB Asset Management AS raised its stake in shares of ServiceNow by 6.7% in the fourth quarter. DNB Asset Management AS now owns 32,989 shares of the information technology services provider’s stock worth $ 21,413,000 after purchasing an additional 2,085 shares during the period. Walleye Capital LLC raised its stake in shares of ServiceNow by 54.8% in the fourth quarter. Walleye Capital LLC now owns 7,084 shares of the information technology services provider’s stock worth $ 4,598,000 after purchasing an additional 2,507 shares during the period. Lloyd Advisory Services LLC. increased its stake in ServiceNow shares by 22.5% in the fourth quarter. Lloyd Advisory Services LLC. now owns 125 shares of the information technology services provider’s stock worth $ 81,000 after buying an additional 23 shares during the period. Finally, the New York State Teachers Retirement System raised its stake in ServiceNow shares by 0.3% in the fourth quarter. The New York State Teachers Retirement System now owns 225,098 shares of the information technology services provider’s stock worth $ 146,113,000 after purchasing an additional 767 shares during the period. 87.20% of the stock is owned by institutional investors.
In other news, COO Chirantan Jitendra Desai sold 7,000 shares of the business’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $ 477.52, for a total value of $ 3,342,640.00. Following the completion of the transaction, the chief operating officer now owns 38,980 shares in the company, valued at $ 18,613,729.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 193 shares of the company’s stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $ 525.00, for a total value of $ 101,325.00. Following the sale, the chief financial officer now owns 4,011 shares of the company’s stock, valued at approximately $ 2,105,775. The disclosure for this sale can be found here. In the past three months, insiders have sold 17,770 shares of the company’s stock worth $ 8,999,332. 0.28% of the stock is currently owned by insiders.
NYSE NOW shares opened at $ 485.53 on Friday. ServiceNow, Inc. has a 52 -week low of $ 406.47 and a 52 -week high of $ 707.60. The business has a 50-day simple moving average of $ 464.87 and a two-hundred day simple moving average of $ 535.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.37. The company has a market cap of $ 97.33 billion, a P/E ratio of 441.39, a P/E/G ratio of 9.23 and a beta of 1.09.
ServiceNow (NYSE: NOW-Get Rating) last released its earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 EPS for the quarter, ahead of the consensus estimate of $ 0.34 of $ 0.13. ServiceNow had a return on equity of 8.66% and a net margin of 3.56%. The business had revenue of $ 1.72 billion in the quarter, compared to the agreed $ 1.70 billion. In the same quarter last year, the company earned $ 0.50 EPS. The company’s revenue rose 26.6% compared to the same quarter last year. Equities research analysts expect ServiceNow, Inc. will post 1.73 EPS for the current year.
Several analysts recently commented on NOW shares. BMO Capital Markets reduced their target price on ServiceNow from $ 635.00 to $ 570.00 in a report on Wednesday, April 27th. UBS Group reduced their target price on ServiceNow to $ 570.00 in a report on Wednesday, May 25th. Barclays reduced their price target on ServiceNow from $ 652.00 to $ 613.00 in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft reduced their target price on ServiceNow from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. Finally, Stifel Nicolaus reduced their target price on ServiceNow from $ 650.00 to $ 550.00 in a report on Wednesday, May 25th. Two equities research analysts rated the stock with a sell rating, two assigned a hold rating and twenty-five gave a buy rating to the company. According to MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $ 640.70.
ServiceNow Company Profile (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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