Nisa Investment Advisors LLC reduced its holdings in ServiceNow, Inc. (NYSE: NOW-Get Rating) by 1.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The company owns 38,778 shares of the information technology services provider’s stock after selling 759 shares in the quarter. Nisa Investment Advisors LLC’s holdings in ServiceNow were worth $ 21,595,000 in its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Expanded by BlackRock Inc. its holdings in ServiceNow shares of 0.4% in the 4th quarter. BlackRock Inc. now owns 16,190,700 shares of the information technology services provider’s stock worth $ 10,509,544,000 after buying an additional 65,623 shares last quarter. State Street Corp increased its holdings in shares of ServiceNow by 3.2% in the 4th quarter. State Street Corp. now owns 7,870,165 shares of the information technology services provider’s stock worth $ 5,108,603,000 after buying an additional 241,296 shares last quarter. Geode Capital Management LLC increased its holdings in ServiceNow shares by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,082,765 shares of the information technology services provider’s stock worth $ 1,995,048,000 after buying an additional 106,519 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in ServiceNow shares by 11.7% in the 4th quarter. Nuveen Asset Management LLC now owns 2,925,155 shares of the information technology services provider’s stock worth $ 1,898,748,000 after buying an additional 305,908 shares in the last quarter. Finally, Brown Advisory Inc. expanded. its holdings in ServiceNow shares of 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. Institutional investors own 87.20% of the company’s stock.
ServiceNow Insider Transactions
In other news, Director Teresa Briggs sold 932 shares of the company’s stock in a transaction that took place on Friday, April 29th. The shares were sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the completion of the transaction, the director now directly owns 707 shares of the company’s stock, valued at approximately $ 346,613.82. The sale is disclosed in a document filed with the Securities & Exchange Commission, available via this hyperlink. In other news, Director Teresa Briggs sold 932 shares of the company’s stock in a transaction that took place on Friday, April 29th. The shares were sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the completion of the transaction, the director now directly owns 707 shares of the company’s stock, valued at approximately $ 346,613.82. The sale is disclosed in a document filed with the Securities & Exchange Commission, available via 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 stock was sold at an average price of $ 446.04, for a total transaction of $ 55,755.00. Following the transaction, 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 17,577 shares of the company’s stock worth $ 8,503,327 over the past ninety days. 0.28% of the stock is currently owned by corporate insiders.
ServiceNow Price Performance
The NYSE NOW opened at $ 435.62 on Friday. The business has a 50 day simple moving average of $ 461.23 and a 200 day simple moving average of $ 517.26. ServiceNow, Inc. has a 52-week low of $ 406.47 and a 52-week 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 cap of $ 87.32 billion, a price-to-earnings ratio of 396.02, a PEG ratio of 8.60 and a beta of 1.03.
ServiceNow (NYSE: NOW-Get Rating) last posted 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 had a return on equity of 8.66% and a net margin of 3.56%. The business had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. In the same period last year, the business earned $ 0.50 EPS. ServiceNow’s revenue for the quarter rose 26.6% compared to the same quarter last year. Analysts expect ServiceNow, Inc. will post 1.71 earnings per share for the current financial year.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on NOW shares. Morgan Stanley lowered their target price on shares of ServiceNow from $ 594.00 to $ 575.00 and set an “overweight” rating on the stock in a report on Thursday. Piper Sandler lowered their target price on ServiceNow shares from $ 650.00 to $ 600.00 and set an “overweight” rating on the stock in a report on Wednesday, May 25th. Truist Financial reduced their target price on ServiceNow shares from $ 700.00 to $ 600.00 in a research report on Tuesday, May 10th. TheStreet downgraded ServiceNow shares from a “b-” rating to a “c+” rating in a research report on Tuesday, April 26th. Finally, Citigroup raised their target price on ServiceNow shares from $ 623.00 to $ 656.00 in a research report on Thursday, April 28th. Two research analysts rated the stock with a sell rating, two gave a hold rating and twenty-six 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 an average target price of $ 638.40.
ServiceNow profile
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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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