New York State Teachers Retirement System Sells 1,203 Shares of ServiceNow, Inc. (NYSE:NOW)

New York State Teachers Retirement System decreased its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 0.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 174,462 shares of the information technology services provider's stock after selling 1,203 shares during the period. New York State Teachers Retirement System owned about 0.08% of ServiceNow worth $138,896,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in ServiceNow in the 4th quarter valued at approximately $27,000. Atala Financial Inc acquired a new position in shares of ServiceNow during the 4th quarter worth approximately $28,000. LFA Lugano Financial Advisors SA acquired a new position in shares of ServiceNow during the 4th quarter worth approximately $32,000. Noble Wealth Management PBC acquired a new position in shares of ServiceNow during the 4th quarter worth approximately $34,000. Finally, Heck Capital Advisors LLC bought a new stake in ServiceNow during the fourth quarter worth $37,000. Institutional investors own 87.18% of the company's stock.

ServiceNow Price Performance

Shares of NOW stock opened at $1,023.56 on Monday. 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 twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a market cap of $211.86 billion, a P/E ratio of 139.07, a P/E/G ratio of 4.70 and a beta of 0.96. The business has a fifty day simple moving average of $985.61 and a 200 day simple moving average of $964.70.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the company earned $3.41 EPS. ServiceNow's revenue for the quarter was up 18.6% on a year-over-year basis. On average, sell-side analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. DA Davidson began coverage on ServiceNow in a report on Wednesday, June 25th. They set a "buy" rating and a $1,150.00 target price on the stock. Guggenheim boosted their target price on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating 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 company a "buy" rating in a report on Tuesday, May 6th. Finally, FBN Securities raised ServiceNow to a "strong-buy" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,065.32.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 66 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $3,096,621. This trade 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, General Counsel Russell S. Elmer sold 62 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 value of $63,426.00. Following the completion of the transaction, the general counsel now owns 4,332 shares of the company's stock, valued at $4,431,636. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,716 shares of company stock worth $6,611,245 in the last ninety days. 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.

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