Sentry Investment Management LLC Has $766,000 Holdings in ServiceNow, Inc. (NYSE:NOW)

Sentry Investment Management LLC cut its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 23.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,042 shares of the information technology services provider's stock after selling 311 shares during the period. Sentry Investment Management LLC's holdings in ServiceNow were worth $766,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in shares of ServiceNow by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 824,725 shares of the information technology services provider's stock valued at $874,258,000 after buying an additional 12,533 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of ServiceNow in the 4th quarter valued at about $48,802,000. Dock Street Asset Management Inc. boosted its holdings in shares of ServiceNow by 3.4% in the 4th quarter. Dock Street Asset Management Inc. now owns 33,154 shares of the information technology services provider's stock valued at $35,147,000 after buying an additional 1,105 shares during the period. Rheos Capital Works Inc. acquired a new position in shares of ServiceNow in the 4th quarter valued at about $10,071,000. Finally, FMR LLC boosted its holdings in shares of ServiceNow by 4.9% in the 4th quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider's stock valued at $6,232,339,000 after buying an additional 272,506 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NOW shares. Scotiabank set a $1,100.00 target price on shares of ServiceNow and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Truist Financial upgraded shares of ServiceNow from a "hold" rating to a "buy" rating and boosted their price target for the stock from $950.00 to $1,200.00 in a research report on Thursday, May 1st. Oppenheimer restated an "outperform" rating and set a $1,100.00 price target (up from $970.00) on shares of ServiceNow in a research report on Tuesday, May 6th. Mizuho dropped their price target on shares of ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Citigroup boosted their price target on shares of ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,062.50.

Insider Transactions at ServiceNow

In other news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the company's stock in a transaction that occurred 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 now directly owns 3,000 shares in the company, valued at $3,060,000. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 248 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,009.14, for a total transaction of $250,266.72. Following the transaction, the director now directly owns 10,643 shares in the company, valued at $10,740,277.02. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,716 shares of company stock worth $6,611,245. Company insiders own 0.38% of the company's stock.

ServiceNow Stock Up 0.1%

NYSE NOW traded up $1.37 during trading on Wednesday, reaching $1,012.25. The company's stock had a trading volume of 717,603 shares, compared to its average volume of 1,496,929. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $209.52 billion, a PE ratio of 148.21, a PEG ratio of 4.51 and a beta of 0.97. The business has a 50-day moving average price of $906.32 and a 200-day moving average price of $974.56. ServiceNow, Inc. has a 1-year low of $656.02 and a 1-year high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $3.09 billion during 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%. ServiceNow's revenue for the quarter was up 18.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.41 earnings per share. On average, research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

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.