Aigen Investment Management LP acquired a new position in ServiceNow, Inc. (NYSE:NOW - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,124 shares of the information technology services provider's stock, valued at approximately $895,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC lifted its stake in shares of ServiceNow by 113.3% in the first quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock worth $25,000 after buying an additional 17 shares during the last quarter. Graybill Wealth Management LTD. acquired a new stake in shares of ServiceNow in the first quarter worth $26,000. Quarry LP acquired a new stake in shares of ServiceNow in the fourth quarter worth $27,000. WASHINGTON TRUST Co lifted its stake in shares of ServiceNow by 620.0% in the first quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock worth $29,000 after buying an additional 31 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of ServiceNow in the fourth quarter worth $37,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
NOW has been the subject of a number of analyst reports. Needham & Company LLC boosted their price objective on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their target price on shares of ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho boosted their target price on shares of ServiceNow from $1,050.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Finally, Evercore ISI boosted their target price on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and a consensus target price of $1,115.20.
View Our Latest Analysis on NOW
ServiceNow Stock Down 0.3%
NOW opened at $871.70 on Monday. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The firm's 50-day simple moving average is $982.92 and its 200-day simple moving average is $942.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $181.31 billion, a price-to-earnings ratio of 109.79, a PEG ratio of 3.93 and a beta of 0.93.
ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the firm earned $3.13 EPS. The company's revenue was up 22.4% on a year-over-year basis. Equities research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.
Insider Activity
In other ServiceNow news, insider Jacqueline P. Canney sold 145 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $147,900.00. Following the sale, the insider owned 3,027 shares of the company's stock, valued at $3,087,540. This represents a 4.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence Jackson sold 757 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $990.50, for a total transaction of $749,808.50. Following the sale, the director directly owned 588 shares in the company, valued at approximately $582,414. This represents a 56.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,250 shares of company stock worth $5,318,667. 0.38% of the stock is currently owned by insiders.
ServiceNow Profile
(
Free Report)
ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, 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 - Free Report).

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