SBI Securities Co. Ltd. Has $3.37 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

SBI Securities Co. Ltd. grew its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,234 shares of the information technology services provider's stock after acquiring an additional 326 shares during the quarter. SBI Securities Co. Ltd.'s holdings in ServiceNow were worth $3,371,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in ServiceNow during the fourth quarter worth about $27,000. Bogart Wealth LLC grew its stake in ServiceNow by 113.3% during the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 17 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in ServiceNow during the 4th quarter valued at approximately $37,000. Cassady Schiller Wealth Management LLC lifted its holdings in ServiceNow by 44.0% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock worth $38,000 after buying an additional 11 shares during the last quarter. Finally, WASHINGTON TRUST Co lifted its holdings in ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock worth $29,000 after buying an additional 31 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the transaction, the insider directly owned 3,000 shares in the company, valued at approximately $3,060,000. This trade represents a 28.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anita M. Sands sold 239 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $1,050.00, for a total value of $250,950.00. Following the completion of the transaction, the director owned 10,404 shares in the company, valued at $10,924,200. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,601 shares of company stock worth $6,577,363 over the last 90 days. Company insiders own 0.38% of the company's stock.

ServiceNow Price Performance

Shares of NOW traded up $2.53 during mid-day trading on Friday, reaching $961.68. The company had a trading volume of 788,179 shares, compared to its average volume of 1,485,401. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The company's 50-day moving average is $1,006.88 and its 200-day moving average is $957.08. The company has a market capitalization of $199.05 billion, a P/E ratio of 130.69, a P/E/G ratio of 4.44 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NOW. Jefferies Financial Group cut their price target on ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Evercore ISI lifted their target price on ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating on shares of ServiceNow in a report on Thursday, April 24th. BMO Capital Markets boosted their target price on ServiceNow from $1,025.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Finally, Guggenheim reiterated a "sell" rating and set a $724.00 price target on shares of ServiceNow in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $1,075.87.

About ServiceNow

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.