Nwam LLC cut its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,249 shares of the information technology services provider's stock after selling 552 shares during the period. Nwam LLC's holdings in ServiceNow were worth $4,179,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in NOW. Plancorp LLC raised its holdings in shares of ServiceNow by 4.1% in the 4th quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock valued at $327,000 after buying an additional 12 shares during the period. Capital Investment Advisory Services LLC increased its holdings in ServiceNow by 2.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 577 shares of the information technology services provider's stock worth $459,000 after purchasing an additional 12 shares during the period. Kesler Norman & Wride LLC increased its holdings in ServiceNow by 1.2% during the 4th 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. Sepio Capital LP increased its holdings 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 purchasing an additional 13 shares during the period. Finally, Mission Creek Capital Partners Inc. boosted its position in shares of ServiceNow by 0.5% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 2,392 shares of the information technology services provider's stock worth $2,536,000 after acquiring an additional 13 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at ServiceNow
In other ServiceNow news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the firm's stock in a transaction on Friday, May 30th. The stock was 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 owned 3,000 shares of the company's stock, valued at approximately $3,060,000. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan Chadwick sold 770 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total value of $717,347.40. Following the transaction, the director directly owned 3,205 shares of the company's stock, valued at $2,985,842.10. The trade was a 19.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,601 shares of company stock valued at $6,577,363 in the last ninety days. 0.38% of the stock is owned by insiders.
ServiceNow Price Performance
NYSE NOW traded up $0.33 during mid-day trading on Friday, hitting $959.48. The stock had a trading volume of 274,185 shares, compared to its average volume of 1,483,346. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09. The company has a market cap of $198.59 billion, a price-to-earnings ratio of 130.21, a P/E/G ratio of 4.44 and a beta of 0.94. The company has a 50 day simple moving average of $1,006.88 and a 200 day simple moving average of $957.08. 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 (NYSE:NOW - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. ServiceNow's revenue was up 18.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.41 earnings per share. Equities analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have recently issued reports on NOW shares. Stifel Nicolaus upped their price objective on ServiceNow from $975.00 to $1,050.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Guggenheim reaffirmed a "sell" rating and set a $724.00 price objective on shares of ServiceNow in a research report on Thursday. Bank of America upped their price objective on ServiceNow from $1,085.00 to $1,110.00 and gave the stock a "buy" rating in a research report on Friday. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $1,003.00 price objective on shares of ServiceNow in a research report on Thursday, April 24th. Finally, Robert W. Baird upped their price objective on ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,075.87.
Check Out Our Latest Stock Analysis on ServiceNow
ServiceNow Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW - Free Report).
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