Country Club Bank GFN bought a new stake in ServiceNow, Inc. (NYSE:NOW – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 564 shares of the information technology services provider’s stock, valued at approximately $324,000.
A number of other large investors have also recently modified their holdings of the stock. SevenOneSeven Capital Management lifted its holdings in shares of ServiceNow by 3.0% in the fourth quarter. SevenOneSeven Capital Management now owns 621 shares of the information technology services provider’s stock valued at $403,000 after buying an additional 18 shares in the last quarter. Raised by Means Investment CO. Inc. its holdings in shares of ServiceNow by 0.6% in the fourth quarter. The Means Investment CO. Inc. now owns 2,842 shares of the information technology services provider’s stock valued at $1,845,000 after buying an additional 18 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of ServiceNow by 1.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,316 shares of the information technology services provider’s stock valued at $854,000 after buying an additional 18 shares in the last quarter. Financial Architects Inc lifted its holdings in shares of ServiceNow by 5.9% in the first quarter. Financial Architects Inc now owns 378 shares of the information technology services provider’s stock valued at $211,000 after buying an additional 21 shares in the last quarter. Finally, Equitable Holdings Inc. its holdings in shares of ServiceNow by 4.1% in the fourth quarter. Equitable Holdings Inc. now owns 565 shares of the information technology services provider’s stock valued at $367,000 after buying an additional 22 shares in the last quarter. Institutional investors own 87.20% of the company’s stock.
ServiceNow Price Performance
Shares of NYSE NOW opened at $476.26 on Friday. The stock has a market cap of $96.20 billion, a PE ratio of 523.36, a price-to-earnings-growth ratio of 9.96 and a beta of 0.94. ServiceNow, Inc. has a fifty-two week low of $406.47 and a fifty-two week high of $707.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty-day moving average of $467.79 and a 200-day moving average of $501.30.
ServiceNow (NYSE:NOW – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.08. The company had revenue of $1.75 billion in the quarter, compared to analysts’ expectations of $1.76 billion. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business earned $0.38 earnings per share. Equities research analysts expect ServiceNow, Inc. will post 1.72 earnings per share for the current year.
ServiceNow Insider Activity
In related news, COO Chirantan Jitendra Desai sold 7,000 shares of ServiceNow stock in a transaction 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 completion of the sale, the chief operating officer now owns 38,980 shares of the company’s stock, valued at $18,613,729.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, available through this link. In related news, insider Lara Caimi sold 726 shares of ServiceNow stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $474.48, for a total transaction of $344,472.48. Following the completion of the sale, the insider now owns 99 shares of the company’s stock, valued at $46,973.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, available through this link. Also, COO Chirantan Jitendra Desai sold 7,000 shares of ServiceNow stock in a transaction on Friday, May 27th. The shares were sold at an average price of $477.52, for a total amount 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 approximately $18,613,729.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,427 shares of company stock worth $16,189,898. Company insiders own 0.28% of the company’s stock.
Analyst Upgrades and Downgrades
NOW has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on ServiceNow in a report on Tuesday, July 19th. They issued an “outperform” rating and a $646.00 target price on the stock. Cowen cut their price target on ServiceNow from $725.00 to $695.00 in a research report on Thursday, April 28th. Royal Bank of Canada cut their price target on ServiceNow from $670.00 to $610.00 in a research report on Monday, July 18th. TheStreet lowered ServiceNow from a “b-” rating to a “c+” rating in a research report on Tuesday, April 26th. Finally, Wells Fargo & Company reduced their price target on ServiceNow from $600.00 to $550.00 and set an “overweight” rating for the company in a research report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $598.84.
ServiceNow profile
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ServiceNow, Inc provides enterprise cloud computing solutions that define, build, integrate, manage, and automate services for businesses worldwide. It powers 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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