Kestra Advisory Services LLC lifted its position with ServiceNow, Inc. (NYSE: NOW-Get Rating) by 77.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owns 9,743 shares of the information technology services provider’s stock after buying an additional 4,265 shares during the period. Kestra Advisory Services LLC’s holdings in ServiceNow were valued at $ 5,426,000 in its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in ServiceNow in the 4th quarter worth approximately $ 1,117,096,000. Allspring Global Investments Holdings LLC bought a new stake in shares of ServiceNow in the 4th quarter worth $ 400,884,000. Fisher Asset Management LLC raised its stake in shares of ServiceNow by 164.8% in the fourth quarter. Fisher Asset Management LLC now owns 894,730 shares of the information technology services provider’s stock worth $ 580,778,000 after buying an additional 556,871 shares last quarter. Lifted by TD Asset Management Inc. its holdings in ServiceNow shares of 84.7% in the fourth quarter. TD Asset Management Inc. now owns 1,207,201 shares of the information technology services provider’s stock worth $ 783,606,000 after buying an additional 553,517 shares in the last quarter. Finally, powered by Brown Advisory Inc. its position in ServiceNow shares of 16.6% in the fourth quarter. Brown Advisory Inc. now owns 2,480,958 shares of the information technology services provider’s stock worth $ 1,610,414,000 after buying an additional 352,766 shares last quarter. Hedge funds and other institutional investors own 87.20% of the company’s stock.
In other ServiceNow news, COO Chirantan Jitendra Desai sold 7,000 shares of the business’s stock in a transaction that took place on Friday, May 27th. The stock was sold at an average price of $ 477.52, for a total transaction of $ 3,342,640.00. Following the sale, the chief operating officer now directly owns 38,980 shares of the company’s stock, valued at $ 18,613,729.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Also, insider Paul John Smith sold 125 shares of the company’s stock in a transaction that took place on Friday, May 13th. The shares were sold at an average price of $ 446.04, for a total value of $ 55,755.00. Following the completion of the sale, the insider now directly owns 1,446 shares of the company’s stock, valued at $ 644,973.84. The disclosure for this sale can be found here. Insiders have sold a total of 11,170 shares of the company’s stock worth $ 5,324,386 over the past ninety days. Insiders own 0.28% of the company’s stock.
Several research companies have released reports on NOW. Cowen lowered their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research note on Thursday, April 28th. Citigroup raised their price target on ServiceNow shares from $ 623.00 to $ 656.00 in a research report on Thursday, April 28th. Cowen cut their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research report on Thursday, April 28th. KeyCorp lowered their target price on ServiceNow from $ 692.00 to $ 613.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on ServiceNow from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. 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. According to MarketBeat.com, ServiceNow has an average “Moderate Buy” rating and an average target price of $ 640.70.
Shares of NOW stock opened at $ 494.15 on Monday. The company’s fifty-day simple moving average is $ 465.12 and its two-hundred-day simple moving average is $ 522.91. ServiceNow, Inc. has a 52 -week low of $ 406.47 and a 52 -week high of $ 707.60. The stock has a market cap of $ 99.06 billion, a P/E ratio of 449.23, a PEG ratio of 10.00 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.37.
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, ahead of analysts ’consensus estimates of $ 0.34 of $ 0.13. The company had revenue of $ 1.72 billion for the quarter, compared to the consensus estimate of $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. The company’s revenue for the quarter rose 26.6% on a year-over-year basis. In the same period last year, the business earned $ 0.50 revenue per share. On average, analysts expect ServiceNow, Inc. to post. of 1.73 EPS for the current financial year.
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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