PFG Advisors has expanded its holdings in ServiceNow, Inc. (NYSE: NOW-Get Rating) by 8.8% in the 1st quarter, according to its most recent filing of Form 13F with the Securities and Exchange Commission. The company owns 397 shares of the information technology services provider’s stock after acquiring an additional 32 shares during the period. PFG Advisors ’holdings in ServiceNow were valued at $ 221,000 in its most recent SEC filing.
Other institutional investors and hedge funds have also increased or decreased their stakes in the company. Chilton Capital Management LLC bought a new position in ServiceNow in the fourth quarter worth approximately $ 25,000. AHL Investment Management Inc. bought a new stake in shares of ServiceNow in the fourth quarter worth $ 35,000. Lee Financial Co raised its stake in shares of ServiceNow by 671.4% in the fourth quarter. Lee Financial Co. now owns 54 shares of the information technology services provider’s stock worth $ 35,000 after buying an additional 47 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in shares of ServiceNow in the fourth quarter worth $ 40,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of ServiceNow in the fourth quarter worth $ 53,000. Institutional investors and hedge funds own 87.20% of the company’s stock.
NOW shares opened at $ 484.36 on Friday. ServiceNow, Inc. has a 1-year low of $ 406.47 and a 1-year high of $ 707.60. The company has a 50-day moving average of $ 463.36 and a 200-day moving average of $ 529.09. The company has a market capitalization of $ 97.09 billion, a price-to-earnings ratio of 440.33, a PEG ratio of 10.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12.
ServiceNow (NYSE: NOW-Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 revenue per share for the quarter, beating analysts ’consensus estimates of $ 0.34 by $ 0.13. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The company had revenue of $ 1.72 billion in the quarter, compared to analyst estimates of $ 1.70 billion. In the same quarter last year, the business posted $ 0.50 EPS. The company’s revenue for the quarter rose 26.6% on a year-over-year basis. On average, equities analysts expect ServiceNow, Inc. will post 1.73 revenue per share for the current financial year.
Some brokerages have recently released reports on NOW. Credit Suisse Group reduced their price target on ServiceNow shares from $ 800.00 to $ 700.00 in a research note on Thursday, April 28th. Exane BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating in a research note on Tuesday, March 29th. Truist Financial cut their target price on ServiceNow shares from $ 700.00 to $ 600.00 in a research note on Tuesday, May 10th. Cowen cut their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research note on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on ServiceNow shares from $ 700.00 to $ 680.00 in a research note on Thursday, April 28th. Two equities research analysts rated the stock with a sell rating, two gave a hold rating and twenty-five gave a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $ 640.70.
In other ServiceNow news, CFO Gina Mastantuono sold 193 shares of the company’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $ 525.00, for a total transaction of $ 101,325.00. Following the transaction, the chief financial officer now owns 4,011 shares of the company’s stock, valued at approximately $ 2,105,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available on the SEC website. Also, Director Frederic B. Luddy sold 6,600 shares of the company’s stock in a transaction dated Tuesday, April 5th. The shares were sold at an average price of $ 556.81, for a total transaction of $ 3,674,946.00. Following the transaction, the director now directly owns 707 shares in the company, valued at approximately $ 393,664.67. The disclosure for this sale can be found here. Insiders have sold a total of 17,770 shares of the company’s stock worth $ 8,999,332 in the last three months. Insiders own 0.28% of the company’s stock.
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.
Further Reading
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