MCIA Inc. reduced its holdings in ServiceNow, Inc. (NYSE: NOW – Get Rating) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The company owns 3,237 shares of the information technology services provider’s stock after selling 42 shares during the period. MCIA Inc.’s holdings in ServiceNow were valued at $ 1,655,000 in its most recent SEC filing.
Other hedge funds and other institutional investors have also changed their holdings in the company. New World Advisors LLC bought a new stake in shares of ServiceNow in the third quarter worth approximately $ 350,000. FinTrust Capital Advisors LLC increased its position on shares of ServiceNow by 5,446.2% in the third quarter. FinTrust Capital Advisors LLC now owns 721 shares of the information technology services provider’s stock worth $ 449,000 after purchasing an additional 708 shares during the period. Rehmann Capital Advisory Group raised its position on shares of ServiceNow by 5.6% in the third quarter. Rehmann Capital Advisory Group now owns 1,298 shares of the information technology services provider’s stock worth $ 805,000 after buying an additional 69 shares during the period. Atria Investments LLC raised its position in ServiceNow shares by 16.7% in the third quarter. Atria Investments LLC now owns 14,425 shares of the information technology services provider’s stock worth $ 8,976,000 after purchasing an additional 2,066 shares during the period. Finally, EP Wealth Advisors LLC increased its stake in ServiceNow by 1,054.5% in the 3rd quarter. EP Wealth Advisors LLC now owns 8,532 shares of the information technology services provider’s stock worth $ 414,000 after buying an additional 7,793 shares in the last quarter. 87.20% of the stock is currently owned by institutional investors.
The NYSE NOW traded $ 7.66 during trading hours on Wednesday, reaching $ 462.93. The company’s 11,408 shares traded, compared to its average volume of 1,570,872. The 50-day moving average of the business is $ 466.65 and its 200-day moving average is $ 537.40. ServiceNow, Inc. has a twelve -month low of $ 406.47 and a twelve -month high of $ 707.60. 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 stock has a market capitalization of $ 92.80 billion, a price-to-earnings ratio of 413.88, a P/E/G ratio of 9.00 and a beta of 1.09.
ServiceNow (NYSE: NOW-Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 earnings per share (EPS) for the quarter, beating analysts ’consensus estimates of $ 0.34 by $ 0.13. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. The company had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. In the same period last year, the company posted $ 0.50 profit per share. Business revenue rose 26.6% on a year-on-year basis. Analysts predict that ServiceNow, Inc. will post 1.73 EPS for the current year.
In related news, 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 value of $ 456,922.32. Following the transaction, the director now owns 707 shares in the company, valued at $ 346,613.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Chirantan Jitendra Desai sold 7,000 shares of the company’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $ 477.52, for a total value of $ 3,342,640.00. Following the completion of the transaction, the chief operating officer now owns 38,980 shares in the company, valued at approximately $ 18,613,729.60. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 18,470 shares of the company’s stock worth $ 9,406,060. Insiders own 0.28% of the company’s stock.
A number of equities analysts have commented on the NOW shares. KeyCorp reduced their price target on ServiceNow from $ 692.00 to $ 613.00 and set an “overweight” rating on the stock in a research note on Monday, April 25th. Truist Financial lowered their price target on ServiceNow from $ 700.00 to $ 600.00 in a report on Tuesday, May 10th. TheStreet downgraded ServiceNow from a “b-” rating to a “c+” rating in a report on Tuesday, April 26th. Royal Bank of Canada lowered their price target on ServiceNow from $ 700.00 to $ 660.00 and set an “outperform” rating for the company in a report on Monday, April 25th. Finally, Credit Suisse Group lowered their price target on ServiceNow from $ 800.00 to $ 700.00 in a report on Thursday, April 28th. Two equities research analysts rated the stock with a sell rating, two issued a hold rating and twenty-five gave a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $ 640.70.
ServiceNow Company 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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