Generali Investments CEE investicni spolecnost a.s. Purchases 2,500 Shares of ServiceNow, Inc. (NYSE:NOW)

Generali Investments CEE investicni spolecnost a.s. grew its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 277.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,400 shares of the information technology services provider's stock after acquiring an additional 2,500 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in ServiceNow were worth $2,707,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NOW shares. Needham & Company LLC restated a "buy" rating and issued a $1,050.00 price objective on shares of ServiceNow in a report on Tuesday, May 6th. JMP Securities reissued a "market outperform" rating and issued a $1,300.00 price target on shares of ServiceNow in a research report on Tuesday, May 6th. FBN Securities raised ServiceNow to a "strong-buy" rating in a research report on Wednesday, June 11th. Jefferies Financial Group decreased their target price on ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Bank of America lowered their target price on ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,068.23.

ServiceNow Stock Down 1.1%

NOW traded down $11.65 on Tuesday, hitting $1,023.36. 1,459,490 shares of the company were exchanged, compared to its average volume of 1,483,407. The stock's fifty day moving average is $1,007.49 and its 200-day moving average is $962.22. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09. 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 market cap of $211.82 billion, a PE ratio of 139.04, a PEG ratio of 4.75 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 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 research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Activity

In other news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at approximately $3,060,000. This represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Russell S. Elmer sold 62 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total value of $63,426.00. Following the completion of the sale, the general counsel owned 4,332 shares in the company, valued at $4,431,636. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,955 shares of company stock worth $6,862,195. 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.