GuoLine Advisory Pte Ltd Purchases 7,830 Shares of ServiceNow, Inc. (NYSE:NOW)

GuoLine Advisory Pte Ltd boosted its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 17.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,480 shares of the information technology services provider's stock after acquiring an additional 7,830 shares during the quarter. ServiceNow accounts for 4.3% of GuoLine Advisory Pte Ltd's investment portfolio, making the stock its 8th biggest position. GuoLine Advisory Pte Ltd's holdings in ServiceNow were worth $40,985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in ServiceNow by 1.1% during 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 buying an additional 30 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of ServiceNow during the 4th quarter valued at $48,802,000. Nilsine Partners LLC acquired a new position in shares of ServiceNow during the 4th quarter valued at $257,000. SteelPeak Wealth LLC acquired a new position in shares of ServiceNow during the 4th quarter valued at $357,000. Finally, Foster Group Inc. acquired a new position in shares of ServiceNow during the fourth quarter worth about $211,000. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Performance

Shares of NYSE:NOW traded down $3.43 on Friday, reaching $1,011.80. 2,663,194 shares of the company's stock were exchanged, compared to its average volume of 1,505,352. The firm has a market capitalization of $209.43 billion, a price-to-earnings ratio of 148.14, a PEG ratio of 4.51 and a beta of 0.97. ServiceNow, Inc. has a fifty-two week low of $645.45 and a fifty-two week high of $1,198.09. The business's 50-day moving average is $899.20 and its two-hundred day moving average is $975.24. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15.

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 for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The firm's revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.41 earnings per share. As a group, equities research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insider Buying and Selling

In other news, Director Jonathan Chadwick sold 770 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 3,205 shares in the company, valued at approximately $2,985,842.10. This represents a 19.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 292 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $985.00, for a total value of $287,620.00. Following the sale, the chief financial officer now owns 11,198 shares in the company, valued at $11,030,030. The trade was a 2.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,102 shares of company stock worth $2,944,038 over the last quarter. 0.38% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on NOW shares. William Blair restated an "outperform" rating on shares of ServiceNow in a research note on Friday, March 7th. Erste Group Bank raised ServiceNow from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Guggenheim boosted their price target on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a research report on Thursday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $1,048.00 target price on shares of ServiceNow in a research report on Thursday, April 24th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $1,003.00 target price on shares of ServiceNow in a research report on Thursday, April 24th. One investment 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,062.50.

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.