DekaBank Deutsche Girozentrale Trims Stake in ServiceNow, Inc. (NYSE:NOW)

DekaBank Deutsche Girozentrale decreased its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 410,013 shares of the information technology services provider's stock after selling 6,431 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.20% of ServiceNow worth $320,140,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NOW. Cassady Schiller Wealth Management LLC raised its holdings in shares of ServiceNow by 44.0% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock worth $38,000 after buying an additional 11 shares in the last quarter. Plancorp LLC raised its position in ServiceNow by 4.1% during the 4th quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock worth $327,000 after purchasing an additional 12 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in ServiceNow by 2.1% in the first quarter. Capital Investment Advisory Services LLC now owns 577 shares of the information technology services provider's stock valued at $459,000 after buying an additional 12 shares during the period. Kesler Norman & Wride LLC grew its stake in ServiceNow by 1.2% during the fourth quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider's stock worth $1,157,000 after purchasing an additional 13 shares during the period. Finally, Sepio Capital LP lifted its position in shares of ServiceNow by 3.8% during the 4th quarter. Sepio Capital LP now owns 359 shares of the information technology services provider's stock valued at $381,000 after acquiring an additional 13 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

Insider Buying and Selling at ServiceNow

In other news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of ServiceNow stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the completion of the sale, the insider directly owned 3,000 shares in the company, valued at $3,060,000. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Deborah Black sold 598 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $940.23, for a total transaction of $562,257.54. Following the transaction, the director directly owned 428 shares of the company's stock, valued at $402,418.44. The trade was a 58.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,955 shares of company stock worth $6,862,195. 0.38% of the stock is owned by company insiders.

ServiceNow Stock Down 1.3%

Shares of ServiceNow stock traded down $12.98 during midday trading on Friday, hitting $955.11. The company had a trading volume of 637,112 shares, compared to its average volume of 1,686,257. 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 company has a 50 day moving average of $1,008.88 and a 200 day moving average of $961.75. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09. The stock has a market capitalization of $197.69 billion, a P/E ratio of 129.77, a P/E/G ratio of 4.66 and a beta of 0.94.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NOW shares. FBN Securities raised ServiceNow to a "strong-buy" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group reissued a "buy" rating on shares of ServiceNow in a research report on Thursday, April 24th. DA Davidson began coverage on shares of ServiceNow in a report on Wednesday, June 25th. They issued a "buy" rating and a $1,150.00 price target on the stock. Morgan Stanley restated an "equal weight" rating on shares of ServiceNow in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of ServiceNow from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,068.23.

About ServiceNow

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.