Dimensional Fund Advisors LP Boosts Position in ServiceNow, Inc. $NOW

Dimensional Fund Advisors LP boosted its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 300,334 shares of the information technology services provider's stock after acquiring an additional 13,154 shares during the period. Dimensional Fund Advisors LP owned 0.15% of ServiceNow worth $239,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Horizon Investments LLC raised its position in shares of ServiceNow by 7.9% during the first quarter. Horizon Investments LLC now owns 6,704 shares of the information technology services provider's stock valued at $5,337,000 after buying an additional 492 shares during the last quarter. Fox Run Management L.L.C. bought a new position in ServiceNow during the first quarter valued at $397,000. Seaview Investment Managers LLC increased its position in ServiceNow by 17.8% during the first quarter. Seaview Investment Managers LLC now owns 417 shares of the information technology services provider's stock valued at $332,000 after acquiring an additional 63 shares during the last quarter. Trivium Point Advisory LLC grew its holdings in shares of ServiceNow by 7.9% in the first quarter. Trivium Point Advisory LLC now owns 1,005 shares of the information technology services provider's stock worth $800,000 after purchasing an additional 74 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its position in shares of ServiceNow by 28.7% during the first quarter. Cookson Peirce & Co. Inc. now owns 1,800 shares of the information technology services provider's stock valued at $1,433,000 after buying an additional 401 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

Insider Buying and Selling

In other news, CFO Gina Mastantuono sold 1,762 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $866.45, for a total transaction of $1,526,684.90. Following the completion of the transaction, the chief financial officer directly owned 12,228 shares of the company's stock, valued at approximately $10,594,950.60. The trade was a 12.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence Jackson sold 757 shares of the business's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $990.50, for a total value of $749,808.50. Following the transaction, the director directly owned 588 shares of the company's stock, valued at approximately $582,414. This represents a 56.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,361 shares of company stock worth $10,579,976 over the last 90 days. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on NOW. Morgan Stanley reaffirmed an "equal weight" rating on shares of ServiceNow in a research report on Tuesday, July 8th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ServiceNow in a research report on Thursday, April 24th. TD Securities reaffirmed a "buy" rating and issued a $1,100.00 price objective on shares of ServiceNow in a research report on Thursday, April 24th. JMP Securities reaffirmed a "market outperform" rating and set a $1,300.00 price objective on shares of ServiceNow in a research note on Monday, August 4th. Finally, Guggenheim reiterated a "sell" rating and set a $724.00 target price on shares of ServiceNow in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,115.20.

ServiceNow Trading Up 0.5%

NYSE NOW traded up $4.5480 during trading on Wednesday, hitting $891.3280. The stock had a trading volume of 1,146,780 shares, compared to its average volume of 1,714,735. The company has a market capitalization of $185.40 billion, a PE ratio of 112.32, a PEG ratio of 4.02 and a beta of 0.93. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average price of $961.85 and a 200 day moving average price of $931.84. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.52. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.12 billion. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.ServiceNow's revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 EPS. As a group, equities research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current 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.