WINTON GROUP Ltd trimmed its holdings in shares of ServiceNow, Inc. (NYSE:NOW – Get Rating) by 17.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,079 shares of the information technology services provider’s stock after selling 222 shares during the quarter. WINTON GROUP Ltd’s holdings in ServiceNow were worth $601,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in shares of ServiceNow during the fourth quarter valued at approximately $25,000. OLD Second National Bank of Aurora purchased a new stake in shares of ServiceNow during the first quarter valued at about $28,000. Delos Wealth Advisors LLC purchased a new stake in shares of ServiceNow during the fourth quarter valued at approximately $40,000. GoalVest Advisory LLC purchased a new stake in shares of ServiceNow in the first quarter valued at approximately $43,000. Finally, Core Alternative Capital increased its position in shares of ServiceNow by 310.5% in the first quarter. Core Alternative Capital now owns 78 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 59 shares in the last quarter. 87.20% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts’ Growth Forecast
Several analysts recently commented on NOW shares. Stifel Nicolaus dropped their price target on ServiceNow from $650.00 to $550.00 in a research report on Wednesday, May 25th. Jefferies Financial Group dropped their price target on ServiceNow from $700.00 to $550.00 in a report on Monday, May 23rd. JMP Securities dropped their price target on ServiceNow from $705.00 to $553.00 and set a “market outperform” rating for the company in a report on Thursday, July 28th. Guggenheim initiated coverage on ServiceNow in a report on Friday, August 12th. They issued a “neutral” rating and a $510.00 target price for the company. Finally, Truist Financial dropped their price target on ServiceNow from $600.00 to $550.00 and set a “buy” rating for the company in a report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $598.84.
ServiceNow Price Performance
NOW stock opened at $444.69 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $89.83 billion, a P/E ratio of 488.67, a P/E/G ratio of 9.31 and a beta of 0.94. The business’s 50-day moving average is $469.09 and its two-hundred-day moving average is $497.16. ServiceNow, Inc. has a 1 year low of $406.47 and a 1 year high of $707.60.
ServiceNow (NYSE:NOW – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The information technology services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.08. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. In the same quarter last year, the company earned $0.38 EPS. ServiceNow’s revenue for the quarter was up 24.3% compared to the same quarter last year. Analysts expect ServiceNow, Inc. will post 1.72 earnings per share for the current fiscal year.
ServiceNow Insider Transactions
In other news, insider Lara Caimi sold 726 shares of the firm’s stock in a transaction dated Tuesday, May 31. The stock was sold at an average price of $474.48, for a total transaction of $344,472.48. Following the sale, the insider now owns 99 shares of the company’s stock, valued at approximately $46,973.52. The sale was disclosed in a filing with the Securities & Exchange Commission, available through this hyperlink. In other news, insider Lara Caimi sold 726 shares of the firm’s stock in a transaction dated Tuesday, May 31. The stock was sold at an average price of $474.48, for a total transaction of $344,472.48. Following the sale, the insider now owns 99 shares of the company’s stock, valued at approximately $46,973.52. The sale was disclosed in a filing with the Securities & Exchange Commission, available through this hyperlink. Also, insider Paul John Smith sold 130 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $502.81, for a total value of $65,365.30. Following the sale, the insider now directly owns 2,157 shares in the company, valued at approximately $1,084,561.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,427 shares of company stock worth $12,847,258. Corporate insiders own 0.28% of the company’s stock.
ServiceNow profile
(Get Rating)
ServiceNow, Inc provides enterprise cloud computing solutions that define, build, integrate, manage, and automate services for businesses worldwide. It powers 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.
Further Reading
Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW – Get Rating).
Receive News and Ratings for ServiceNow Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ServiceNow and related companies with our FREE daily email newsletter of MarketBeat.com.