Allworth Financial LP strengthened its position in shares of ServiceNow, Inc. (NYSE: NOW – Get Rating) by 29.5% in the first quarter, HoldingsChannel.com reports. The fund owns 281 shares of the information technology services provider’s stock after acquiring an additional 64 shares in the quarter. Allworth Financial LP’s holdings in ServiceNow were valued at $ 156,000 in its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently changed their holdings in the company. Walleye Capital LLC lifted its position on ServiceNow by 54.8% in the 4th quarter. Walleye Capital LLC now owns 7,084 shares of the information technology services provider’s stock worth $ 4,598,000 after acquiring an additional 2,507 shares during the period. Lloyd Advisory Services LLC. raised its stake in shares of ServiceNow by 22.5% in the 4th 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 last quarter. Exane Derivatives raised its stake in shares of ServiceNow by 7.0% in the 1st quarter. Exane Derivatives now owns 1,447 shares of the information technology services provider’s stock worth $ 806,000 after buying an additional 95 shares last quarter. The New York State Teachers Retirement System raised its stake in shares of ServiceNow by 0.3% in the 4th 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 buying an additional 767 shares last quarter. Finally, Amalgamated Bank raised its stake in ServiceNow shares by 13.9% in the 4th quarter. Amalgamated Bank now owns 50,259 shares of the information technology services provider’s stock worth $ 32,624,000 after buying an additional 6,128 shares last quarter. 87.20% of the stock is owned by institutional investors.
In other ServiceNow news, 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 completion of the transaction, the chief financial officer now owns 4,011 shares in the company, valued at $ 2,105,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, insider Paul John Smith sold 412 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $ 427.17, for a total transaction of $ 175,994.04. Following the completion of the transaction, the insider now owns 1,755 shares of the company’s stock, valued at approximately $ 749,683.35. The disclosure for this sale can be found here. Insiders have sold 11,170 shares of the company’s stock worth $ 5,324,386 over the past three months. 0.28% of the stock is currently owned by corporate insiders.
NYSE: NOW opened at $ 494.15 on Friday. The company has a market capitalization of $ 99.06 billion, a PE ratio of 449.23, a price-to-earnings-growth ratio of 10.06 and a beta of 1.03. The fifty day average business moving price is $ 465.12 and its 200 day average price is $ 523.79. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12. ServiceNow, Inc. has a 12 -month low of $ 406.47 and a 12 -month high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last posted its earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 EPS for the quarter, beating the consensus estimate of $ 0.34 by $ 0.13. The company had revenue of $ 1.72 billion for the quarter, compared to analyst estimates of $ 1.70 billion. ServiceNow had a return on equity of 8.66% and a net margin of 3.56%. ServiceNow’s revenue for the quarter rose 26.6% compared to the same quarter last year. In the same quarter last year, the company posted $ 0.50 earnings per share. As a group, equities analysts expect ServiceNow, Inc. will post 1.73 EPS for the current year.
Several equities analysts weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price target on ServiceNow from $ 700.00 to $ 680.00 in a research note on Thursday, April 28th. Stifel Nicolaus cut their price target on ServiceNow from $ 650.00 to $ 550.00 in a research note on Wednesday, May 25th. BMO Capital Markets cut their price target on ServiceNow from $ 635.00 to $ 570.00 in a research note on Wednesday, April 27th. Barclays cut their price target on ServiceNow from $ 652.00 to $ 613.00 in a research note on Thursday, April 28th. Finally, Royal Bank of Canada lowered their target price on ServiceNow from $ 700.00 to $ 660.00 and set an “outperform” rating on the stock in a report on Monday, April 25th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $ 640.70.
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.
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