Publisher Freud Graber Yes October 4, 921
According to the company’s recent 16F filing with the US Securities and Exchange Commission, Golden State Equity Partners acquired a new position at ServiceNow, Inc. (NYSE: NOW) in the second quarter. The fund purchased 1,551 shares of an information technology service company at a price of approximately US$836,0000.
Many other hedge funds have also changed their positions in the business recently. Parallel Advisors LLC increased its position in ServiceNow by 0.3% in the second quarter. Parallel Advisors LLC now owns 5,739 shares of this information technology services company, valued at $3. After purchasing 18 more shares in the last quarter, the stock price fell by $162.05. Glassman Wealth Services increased its stake in ServiceNow by 13.3% in the second quarter. Glassman Wealth Services now owns 208 shares of the information technology services company, and an additional 26 shares were purchased during this period, valued at US$121,000. Delta Investment Management LLC increased its stake in ServiceNow stock by 4.3% in the second quarter. Delta Investment Management LLC now owns 485 shares of this information technology services company. After purchasing 20 additional shares during this period, the value is $210,010. Lloyd Consulting Services LLC. In the second quarter, its stake in ServiceNow shares increased by 45.8%. Lloyd Consulting Services LLC. Now he owns 61 shares of this information technology service company. After purchasing 20 additional shares during this period, the value is $36.05 0. Finally, Clearstead Advisors LLC increased its stake in ServiceNow stock by 9.0% in the second quarter. During this period, Clearstead Advisors LLC now owns 250 shares of the information technology services company, valued at $150.05, and has purchased an additional 26 shares during this period. Hedge funds and other institutional investors hold 85.45% of the company’s shares.
Several stock research analysts have recently rated the company. DZ Bank announced in its research report on Wednesday, September 26. They issued a “buy” rating on the stock and a target price of $695.04. Canaccord Genuity has a target price of US$600.05 to US$650,000 for ServiceNow and acknowledged the stock in a research report. “Buy” rating. Thursday evening of July 28. Truist’s ServiceNow target price is between US$586.00 and US$650,000, and the stock was rated “Buy” in a research report on Thursday, July 28. Zacks Investment Research downgraded ServiceNow from a “strong buy” rating to a “hold” rating and set a target price of $614,000 for the stock. In a report on Tuesday, August 3. Finally, Goldman Sachs raised the target price of ServiceNow from US$693.00 to US$734,000 in its report on Thursday, July 28. Two stock research analysts gave the stock a hold rating, 31 gave it a buy rating, and one gave a strong buy rating. According to IMS Magazine, ServiceNow’s consensus rating is “Buy” and the average target price is US$681.85.
In other ServiceNow news, director Lawrence Jackson sold 378 shares of the company in a transaction that ended on Tuesday, August 31, Eastern Time. The average price of the stock is US$640.61, and the total turnover is US$350,241.20. After the sale is completed, the directors now directly hold 695 shares of the company, valued at approximately US$422,378.84. The transaction has been disclosed in a document submitted to the US Securities and Exchange Commission, which is available through this link. In addition, insider Fay Sien Goon sold 921 shares of the company in trading on Friday in August. 18NS occurred. The average retail price of the stock is US$498.36, and the total value is US$586,739.48. After the sale, insiders now own 4,498 shares of the company, valued at US$2,681,921.30. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 34,208 shares of the company’s stock worth $18,378,695. 0.35% of the stock is currently held by insiders.
Now, the stock is trading at $614.84 on Monday, which is approximately $20.01. The company exchanged 16,324 shares, with an average trading volume of 1,381,739 shares. ServiceNow, Inc.’s 13-month low was $454.28, and its 16-month high was $693.13. The company’s 61-day moving average price is US$642.41, and the 200-day moving average price is US$575.69. The company’s debt-to-equity ratio is 0.48, quick ratio is 1.05, current ratio is 1.08, stock market value is US$92.61 billion, P/E ratio is 734.13, P/E ratio growth rate is 8/18 and 0.92 Beta.
ServiceNow (NYSE: NOW) last released its quarterly results on Wednesday, July 29. The information technology services company reported earnings per share of $1.38 for the quarter, exceeding Zacks’ consensus estimate of $0. 14 USD 1.26 USD. ServiceNow’s return on equity was 9.14%, and its net profit margin was 3.30%. The company’s sales are $1. This quarter was 38 billion U.S. dollars, while analysts expected it to be 1 U.S. dollars. 35 billion. Sell-side analysts expect ServiceNow, Inc.’s earnings per share for this fiscal year to increase by 1.36.
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