Cut by Ellevest Inc. its position at ServiceNow, Inc. (NYSE: NOW – Get Rating) by 38.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owns 167 shares of the information technology services provider’s stock after selling 104 shares during the period. Holdings of Ellevest Inc. to ServiceNow was worth $ 93,000 at the end of the most recent reporting period.
Another hedge fund has also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new stake in ServiceNow in the 4th quarter worth approximately $ 25,000. AHL Investment Management Inc. bought a new position in ServiceNow in the 4th quarter worth approximately $ 35,000. Lee Financial Co raised its stake in ServiceNow by 671.4% in the 4th 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 position in ServiceNow in the 4th quarter worth approximately $ 40,000. Finally, Maryland Capital Advisors Inc. bought a new position in ServiceNow in the 4th quarter worth approximately $ 53,000. Institutional investors own 87.20% of the company’s stock.
In other ServiceNow news, Director Frederic B. Luddy sold 6,600 shares of the company’s stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $ 556.81, for a total value of $ 3,674,946.00. Following the completion of the transaction, the director already owns 707 shares in the company, valued at $ 393,664.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, insider Christopher Bedi sold 495 shares of the company’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $ 489.18, for a total transaction of $ 242,144.10. Following the completion of the sale, the insider now directly owns 12,977 shares of the company’s stock, valued at $ 6,348,088.86. The disclosure for this sale can be found here. Insiders have sold 17,770 shares of the company’s stock worth $ 8,999,332 over the past 90 days. 0.28% of the stock is currently owned by insiders.
Shares of NOW stock opened at $ 484.36 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The company has a fifty day average turnover price of $ 463.36 and a 200 day average turnover price of $ 528.27. The company has a market cap of $ 97.09 billion, a P/E ratio of 440.33, a PEG ratio of 10.22 and a beta of 1.09. ServiceNow, Inc. has a 12 -month low of $ 406.47 and a 12 -month high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consolidated $ 1.70 billion. In the same quarter last year, the company posted $ 0.50 earnings per share. ServiceNow’s revenue for the quarter rose 26.6% on a year-over-year basis. On average, equities analysts predict that ServiceNow, Inc. will post 1.73 EPS for the current year.
A number of research companies have weighed in NOW. Mizuho lowered their target price on ServiceNow shares from $ 650.00 to $ 550.00 and set a “buy” rating on the stock in a research note on Wednesday, May 25th. UBS Group reduced their target price on ServiceNow shares to $ 570.00 in a research report on Wednesday, May 25th. Cowen reduced their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research report on Thursday, April 28th. StockNews.com began coverage of ServiceNow shares in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Jefferies Financial Group reduced their target price on ServiceNow shares from $ 700.00 to $ 550.00 in a research report on Monday, May 23rd. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.
Further Reading
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