GAM Holding AG Has $9.27 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

GAM Holding AG lifted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 22.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,647 shares of the information technology services provider's stock after acquiring an additional 2,149 shares during the quarter. GAM Holding AG's holdings in ServiceNow were worth $9,273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Perfromance Wealth Partners LLC boosted its holdings in shares of ServiceNow by 7.8% in the 1st quarter. Perfromance Wealth Partners LLC now owns 1,031 shares of the information technology services provider's stock worth $821,000 after acquiring an additional 75 shares in the last quarter. Worth Financial Advisory Group LLC lifted its holdings in ServiceNow by 50.2% during the 1st quarter. Worth Financial Advisory Group LLC now owns 886 shares of the information technology services provider's stock worth $705,000 after buying an additional 296 shares in the last quarter. Cabot Wealth Management Inc. lifted its holdings in ServiceNow by 0.6% during the 1st quarter. Cabot Wealth Management Inc. now owns 4,903 shares of the information technology services provider's stock worth $3,903,000 after buying an additional 31 shares in the last quarter. PFG Investments LLC lifted its holdings in ServiceNow by 17.8% during the 1st quarter. PFG Investments LLC now owns 1,596 shares of the information technology services provider's stock worth $1,271,000 after buying an additional 241 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. lifted its holdings in ServiceNow by 7.1% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 2,483 shares of the information technology services provider's stock worth $1,977,000 after buying an additional 164 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 66 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total transaction of $67,518.00. Following the completion of the transaction, the insider now directly owns 3,027 shares in the company, valued at $3,096,621. This represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 248 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,009.14, for a total transaction of $250,266.72. Following the transaction, the director now owns 10,643 shares of the company's stock, valued at approximately $10,740,277.02. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,716 shares of company stock worth $6,611,245. Corporate insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NOW. Raymond James Financial reduced their price objective on ServiceNow from $1,200.00 to $1,000.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Royal Bank Of Canada upped their price objective on ServiceNow from $1,060.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $1,048.00 price objective on shares of ServiceNow in a report on Thursday, April 24th. Stifel Nicolaus upped their price objective on ServiceNow from $975.00 to $1,050.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Evercore ISI upped their price objective on ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

ServiceNow Price Performance

NOW opened at $969.78 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.15. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09. The company has a fifty day simple moving average of $964.42 and a 200 day simple moving average of $971.38. The stock has a market cap of $200.73 billion, a P/E ratio of 131.76, a P/E/G ratio of 4.53 and a beta of 0.95.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The company's revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.41 EPS. On average, research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.

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