NewEdge Wealth LLC strengthened its holdings in ServiceNow, Inc. (NYSE: NOW) by 7.9% in the 3rd quarter, Holdings Channel reports. The fund owns 3,136 shares of the information technology services provider’s stock after acquiring an additional 229 shares in the quarter. NewEdge Wealth LLC’s holdings in ServiceNow were valued at $ 1,951,000 in its most recent filing with the Securities and Exchange Commission (SEC).
Some other institutional investors and hedge funds also buy and sell shares of NOW. The Public Sector Pension Investment Board raised its position in ServiceNow shares by 7.9% during the 3rd quarter. The Public Sector Pension Investment Board now owns 33,410 shares of the information technology services provider’s stock worth $ 20,790,000 after purchasing an additional 2,460 shares during the period. ING Groep NV raised its position in ServiceNow shares by 3.7% during the 3rd quarter. ING Groep NV now owns 16,822 shares of the information technology services provider’s stock worth $ 10,468,000 after purchasing an additional 605 shares during the period. First Growth Investment Manager LP raised its position in ServiceNow shares by 5,759.2% in the 2nd quarter. First Growth Investment Manager LP now owns 11,191 shares of the information technology services provider’s stock worth $ 6,150,000 after purchasing an additional 11,000 shares during the period. Metropolitan Life Insurance Co NY boosted its stake in ServiceNow shares by 97,629.4% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 33,228 shares of the information technology services provider’s stock worth $ 18,260,000 after acquiring an additional 33,194 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in ServiceNow shares by 47.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 909 shares of the information technology services provider’s stock worth $ 566,000 after acquiring an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company’s stock.
NOW opened at $ 561.08 on Monday. The company has a fast ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.42. ServiceNow, Inc. has a 12 -month low of $ 448.27 and a 12 -month high of $ 707.60. The company has a fifty day simple moving average of $ 603.09 and a 200 day simple moving average of $ 624.15. The stock has a market cap of $ 111.65 billion, a P/E ratio of 514.75, a P/E/G ratio of 9.60 and a beta of 1.01.
ServiceNow (NYSE: NOW) last announced its earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 revenue per share for the quarter, ahead of Zacks ’consensus estimate of $ 1.43 of $ 0.03. ServiceNow has a net margin of 3.99% and a return on equity of 9.31%. In the same period last year, the company posted $ 0.16 earnings per share. On average, equities research analysts expect ServiceNow, Inc. will post 1.39 earnings per share for the current financial year.
Some analysts have recently commented on NOW shares. raised their target price on ServiceNow from $ 650.00 to $ 715.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. Barclays cut their price target on ServiceNow from $ 680.00 to $ 652.00 and set an “overweight” rating on the stock in a report on Thursday. Stifel Nicolaus raised their price target on ServiceNow from $ 650.00 to $ 725.00 and gave the stock a “buy” rating in a research note on Thursday, October 28th. Truist Financial raised their price target on ServiceNow from $ 640.00 to $ 700.00 and gave the stock a “buy” rating in a research note on Thursday, October 28th. Finally, Royal Bank of Canada lowered their price target on ServiceNow from $ 785.00 to $ 700.00 in a research note on Monday, January 24th. Two investment analysts rated the stock with a hold rating and twenty-eight gave the stock a buy rating. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Buy” and a consensus price target of $ 694.07.
In related news, General Counsel Russell S. Elmer sold 1,777 shares of the company’s stock in a transaction dated Wednesday, Nov. 10th. The shares were sold at an average price of $ 676.98, for a total value of $ 1,202,993.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 738 shares of stock in a transaction dated Monday, January 10th. The shares were sold at an average price of $ 550.10, for a total transaction of $ 405,973.80. The disclosure for this sale can be found here. Over the past ninety days, insiders have sold 19,655 shares of the company’s stock worth $ 11,696,731. Company insiders own 0.35% of the company’s stock.
ServiceNow profile
ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. The company delivers digital workflows on an enterprise cloud platform called Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products. .
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