ServiceNow, Inc. (NYSE:NOW) Shares Sold by Lbp Am Sa

Lbp Am Sa cut its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,287 shares of the information technology services provider's stock after selling 1,024 shares during the period. ServiceNow makes up about 0.7% of Lbp Am Sa's portfolio, making the stock its 29th largest holding. Lbp Am Sa's holdings in ServiceNow were worth $43,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NOW. Quarry LP acquired a new stake in ServiceNow in the 4th quarter worth about $27,000. Atala Financial Inc acquired a new stake in ServiceNow in the 4th quarter worth about $28,000. LFA Lugano Financial Advisors SA acquired a new stake in ServiceNow in the 4th quarter worth about $32,000. Heck Capital Advisors LLC acquired a new stake in ServiceNow in the 4th quarter worth about $37,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in ServiceNow by 44.0% in 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. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ServiceNow

In related news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the sale, the insider owned 3,000 shares in the company, valued at approximately $3,060,000. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan Chadwick sold 770 shares of ServiceNow stock in a transaction on Monday, April 28th. The shares were sold at an average price of $931.62, for a total transaction of $717,347.40. Following the transaction, the director owned 3,205 shares in the company, 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 6,955 shares of company stock valued at $6,862,195 in the last ninety days. 0.38% of the stock is owned by insiders.

ServiceNow Trading Down 1.1%

Shares of ServiceNow stock opened at $1,023.36 on Wednesday. ServiceNow, Inc. has a 12-month low of $678.66 and a 12-month high of $1,198.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The stock has a market cap of $211.82 billion, a PE ratio of 139.04, a price-to-earnings-growth ratio of 4.75 and a beta of 0.94. The company has a 50-day moving average of $1,007.49 and a two-hundred day moving average of $962.22.

ServiceNow (NYSE:NOW - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the company posted $3.41 earnings per share. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Bank of America decreased their target price on shares of ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wall Street Zen lowered shares of ServiceNow from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley reaffirmed an "equal weight" rating on shares of ServiceNow in a research report on Tuesday. Scotiabank set a $1,100.00 price target on shares of ServiceNow and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, 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 report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.

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