Reduced by Ellevest Inc. its stake in the shares of ServiceNow, Inc. (NYSE: NOW – Get Rating) by 38.4% in the 1st quarter, according to its latest disclosure to the SEC. The company 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 in its most recent SEC filing.
Some other large investors have recently added or decreased their stakes to NOW. Chilton Capital Management LLC bought a new stake in ServiceNow in the fourth quarter worth approximately $ 25,000. AHL Investment Management Inc. bought a new position in shares of ServiceNow in the fourth quarter worth approximately $ 35,000. Lee Financial Co lifted its position in ServiceNow shares 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 acquiring an additional 47 shares in the last quarter. Delos Wealth Advisors LLC bought a new position in shares of ServiceNow in the fourth quarter worth approximately $ 40,000. Finally, NuWave Investment Management LLC bought a new position in shares of ServiceNow in the first quarter worth approximately $ 52,000. 87.20% of the stock is owned by institutional investors and hedge funds.
NOW has been the subject of several research analyst reports. TheStreet downgraded ServiceNow from a “b-” rating to a “c+” rating in a research report on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft lowered their price target on ServiceNow from $ 700.00 to $ 680.00 in a research report on Thursday, April 28th. Piper Sandler reduced their target price on ServiceNow from $ 650.00 to $ 600.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 25th. Mizuho reduced their target price on ServiceNow from $ 650.00 to $ 550.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Finally, Stifel Nicolaus reduced their target price on ServiceNow from $ 650.00 to $ 550.00 in a research report on Wednesday, May 25th. Two investment analysts rated the stock with a sell rating, two gave a hold rating and twenty-five gave a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $ 640.70.
NYSE NOW shares 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 stock has a market capitalization of $ 97.09 billion, a PE ratio of 440.33, a price-to-earnings-growth ratio of 10.22 and a beta of 1.09. The stock’s fifty-day simple moving average is $ 463.36 and its two-hundred-day simple moving average is $ 528.27. ServiceNow, Inc. has a 12-month low of $ 406.47 and a 12-month high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last announced its earnings results 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. The business had revenue of $ 1.72 billion for the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow had a return on equity of 8.66% and a net margin of 3.56%. Business revenue for the quarter rose 26.6% on a year-over-year basis. In the same quarter last year, the company earned $ 0.50 EPS. On average, equities analysts predict that ServiceNow, Inc. will post 1.73 earnings per share for the current financial year.
In other news, CFO Gina Mastantuono sold 193 shares of stock in a transaction on Tuesday, April 12th. The stock was sold at an average price of $ 525.00, for a total transaction of $ 101,325.00. Following the completion of the sale, the chief financial officer now owns 4,011 shares in the company, valued at approximately $ 2,105,775. The sale was disclosed in a document filed with the SEC, accessible through the SEC website. Also, Director Frederic B. Luddy sold 6,600 shares of the company’s stock in a transaction on Tuesday, April 5th. The stock was 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 now owns 707 shares of the company’s stock, 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 over the past ninety days. Insiders own 0.28% of the company’s stock.
ServiceNow 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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