AdvisorNet Financial Inc. lifted its position with ServiceNow, Inc. (NYSE: NOW-Get Rating) by 419.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owns 379 shares of the information technology services provider’s stock after purchasing an additional 306 shares during the period. AdvisorNet Financial Inc.’s holdings in ServiceNow were valued at $ 211,000 in its most recent SEC filing.
Some other large investors have recently added or decreased their stakes to NOW. Norges Bank bought a new stake in ServiceNow in the 4th quarter worth approximately $ 1,117,096,000. Allspring Global Investments Holdings LLC purchased a new stake in ServiceNow in the 4th quarter worth approximately $ 400,884,000. Fisher Asset Management LLC grew its position on ServiceNow by 164.8% in the 4th 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. TD Asset Management Inc. grew its position on ServiceNow by 84.7% in the 4th 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 last quarter. Finally, Brown Advisory Inc. expanded. its position in ServiceNow by 16.6% in the 4th 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. 87.20% of the stock is currently owned by institutional investors.
NYSE: NOW opened at $ 477.79 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 1.12. The company has a fifty-day moving average of $ 463.42 and a two-hundred-day moving average of $ 531.32. The stock has a market capitalization of $ 95.78 billion, a PE ratio of 434.35, a P/E/G ratio of 10.22 and a beta of 1.09. ServiceNow, Inc. has a fifty -two week low of $ 406.47 and a fifty -two week high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last released its earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 earnings per share (EPS) for the quarter, ahead of analysts ’consensus estimates of $ 0.34 of $ 0.13. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The business had revenue of $ 1.72 billion in the quarter, compared to analyst estimates of $ 1.70 billion. In the same quarter last year, the company earned $ 0.50 revenue per share. The company’s revenue for the quarter rose 26.6% compared to the same quarter last year. Research analysts predicted that ServiceNow, Inc. will post 1.73 earnings per share for the current year.
In other news, Director Frederic B. Luddy sold 707 shares of the company’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $ 501.92, for a total transaction of $ 354,857.44. Following the completion of the sale, the director now owns 660 shares of the company’s stock, valued at $ 331,267.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available via this link. Also, Director Teresa Briggs sold 932 shares of the company’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the sale, the director now directly owns 707 shares of the company’s stock, valued at approximately $ 346,613.82. The disclosure for this sale can be found here. Insiders have sold 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.
Several analysts weighed in on the stock. BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating and set a $ 460.00 target price on the stock. in a research report on Tuesday, March 29th. KeyCorp lowered their price target on ServiceNow shares from $ 692.00 to $ 613.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Mizuho lowered their price target on ServiceNow shares from $ 650.00 to $ 550.00 and set a “buy” rating on the stock in a report on Wednesday, May 25th. StockNews.com assumed coverage on parts of ServiceNow in a report on Thursday, March 31st. They gave a “hold” rating to the stock. Finally, Morgan Stanley lowered their price target on shares of ServiceNow to $ 594.00 and set an “already” rating on the stock in a report on Wednesday, May 18th. Two analysts rated the stock with a sell rating, two assigned a hold rating and twenty-five gave a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average 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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