Chicago Capital LLC Has $62.26 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Chicago Capital LLC grew its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 0.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,207 shares of the information technology services provider's stock after acquiring an additional 509 shares during the quarter. ServiceNow accounts for 1.8% of Chicago Capital LLC's portfolio, making the stock its 21st largest holding. Chicago Capital LLC's holdings in ServiceNow were worth $62,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP acquired a new stake in ServiceNow during the fourth quarter worth $27,000. Atala Financial Inc bought a new position in shares of ServiceNow during the 4th quarter worth about $28,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of ServiceNow during the 4th quarter valued at about $32,000. FPC Investment Advisory Inc. increased its stake in ServiceNow by 725.0% in the fourth quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 29 shares during the period. Finally, Noble Wealth Management PBC bought a new position in ServiceNow during the fourth quarter worth about $34,000. Institutional investors own 87.18% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NOW shares. Mizuho upped their price objective on ServiceNow from $1,050.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ServiceNow in a report on Thursday, April 24th. Bank of America reduced their target price on ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Oppenheimer reaffirmed an "outperform" rating and set a $1,100.00 price target (up from $970.00) on shares of ServiceNow in a report on Tuesday, May 6th. Finally, Citigroup lifted their price objective on ServiceNow from $1,128.00 to $1,160.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

ServiceNow Stock Down 1.4%

NOW traded down $14.23 during trading on Wednesday, reaching $990.68. 299,159 shares of the stock were exchanged, compared to its average volume of 1,731,268. The stock has a market cap of $205.05 billion, a P/E ratio of 134.60, a price-to-earnings-growth ratio of 4.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50 day moving average price is $953.73 and its two-hundred day moving average price is $972.40. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. ServiceNow's revenue was up 18.6% on a year-over-year basis. During the same period last year, the business posted $3.41 EPS. Equities analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insider Buying and Selling

In other news, insider Jacqueline P. Canney sold 66 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total value of $67,518.00. Following the transaction, the insider now owns 3,027 shares of the company's stock, valued at approximately $3,096,621. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William R. Mcdermott sold 2,050 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the transaction, the chief executive officer now owns 6,614 shares in the company, valued at approximately $6,693,434.14. This trade represents a 23.66% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is owned by insiders.

ServiceNow Company 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.