ServiceNow, Inc. (NYSE:NOW) Stock Holdings Lessened by Aubrey Capital Management Ltd

Aubrey Capital Management Ltd reduced its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 9.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,900 shares of the information technology services provider's stock after selling 300 shares during the period. Aubrey Capital Management Ltd's holdings in ServiceNow were worth $2,309,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NOW. Brighton Jones LLC boosted its holdings in shares of ServiceNow by 1.1% in the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock valued at $2,919,000 after acquiring an additional 30 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of ServiceNow in the fourth quarter valued at about $48,802,000. Stonebridge Financial Group LLC acquired a new stake in shares of ServiceNow in the fourth quarter valued at about $37,000. Leavell Investment Management Inc. acquired a new stake in shares of ServiceNow in the fourth quarter valued at about $246,000. Finally, Certuity LLC lifted its stake in shares of ServiceNow by 13.0% in the fourth quarter. Certuity LLC now owns 668 shares of the information technology services provider's stock valued at $708,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 87.18% of the company's stock.

Wall Street Analysts Forecast Growth

NOW has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $1,048.00 price objective on shares of ServiceNow in a research note on Thursday, April 24th. TD Securities reiterated a "buy" rating and issued a $1,100.00 price objective on shares of ServiceNow in a research note on Thursday, April 24th. JMP Securities reiterated a "market outperform" rating and issued a $1,300.00 price objective on shares of ServiceNow in a research note on Tuesday, May 6th. Canaccord Genuity Group reduced their price objective on shares of ServiceNow from $1,275.00 to $900.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, UBS Group reiterated a "buy" rating and issued a $1,025.00 price objective (up previously from $900.00) on shares of ServiceNow in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

ServiceNow Trading Down 2.0%

Shares of NYSE:NOW traded down $19.66 during trading on Friday, reaching $987.71. The stock had a trading volume of 1,332,159 shares, compared to its average volume of 1,483,399. The business has a fifty day moving average price of $944.56 and a 200-day moving average price of $972.97. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market cap of $204.44 billion, a P/E ratio of 144.61, a PEG ratio of 4.51 and a beta of 0.95. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The company's revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.41 earnings per share. As a group, analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jacqueline P. Canney sold 354 shares of the company's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total transaction of $284,831.94. Following the completion of the transaction, the insider now owns 3,027 shares of the company's stock, valued at approximately $2,435,554.47. This represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Chadwick sold 770 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total transaction of $717,347.40. Following the completion of the sale, the director now directly owns 3,205 shares of the company's stock, valued at $2,985,842.10. The trade was a 19.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,716 shares of company stock valued at $6,611,245. Insiders own 0.38% of the company's stock.

ServiceNow Profile

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.