Crossmark Global Holdings Inc. Has $8.94 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Crossmark Global Holdings Inc. grew its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 14.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,227 shares of the information technology services provider's stock after acquiring an additional 1,394 shares during the period. Crossmark Global Holdings Inc.'s holdings in ServiceNow were worth $8,938,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NOW. Vanguard Group Inc. lifted its position in ServiceNow by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 19,199,258 shares of the information technology services provider's stock valued at $20,353,517,000 after acquiring an additional 190,430 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of ServiceNow by 6.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,955,924 shares of the information technology services provider's stock worth $8,434,235,000 after buying an additional 509,467 shares during the last quarter. FMR LLC raised its holdings in shares of ServiceNow by 4.9% in the fourth quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider's stock worth $6,232,339,000 after buying an additional 272,506 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ServiceNow by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,312,571 shares of the information technology services provider's stock worth $4,560,890,000 after buying an additional 100,670 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of ServiceNow by 87,501.3% during the first quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider's stock worth $2,141,108,000 after purchasing an additional 2,686,291 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other ServiceNow news, CEO William R. Mcdermott sold 2,050 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the completion of the sale, the chief executive officer directly owned 6,614 shares of the company's stock, valued at approximately $6,693,434.14. This represents a 23.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 239 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $1,050.00, for a total transaction of $250,950.00. Following the sale, the director directly owned 10,404 shares of the company's stock, valued at $10,924,200. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,955 shares of company stock worth $6,862,195 in the last ninety days. Insiders own 0.38% of the company's stock.

ServiceNow Stock Performance

NOW stock traded down $11.65 during trading on Tuesday, hitting $1,023.36. 1,459,490 shares of the company's stock traded hands, compared to its average volume of 1,485,947. 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 52 week low of $678.66 and a 52 week high of $1,198.09. The stock has a fifty day moving average price of $1,005.88 and a two-hundred day moving average price of $961.79. The stock has a market capitalization of $211.82 billion, a price-to-earnings ratio of 139.04, a price-to-earnings-growth ratio of 4.80 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 the consensus estimate of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The company's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.41 earnings per share. As a group, equities analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NOW. Morgan Stanley reissued an "equal weight" rating on shares of ServiceNow in a report on Tuesday. Erste Group Bank raised shares of ServiceNow from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Wells Fargo & Company lifted their price objective on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Stifel Nicolaus boosted their price target on shares of ServiceNow from $975.00 to $1,050.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Piper Sandler lowered their price target on shares of ServiceNow from $1,200.00 to $1,120.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and a consensus target price of $1,068.23.

ServiceNow 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.