Janus Henderson Group PLC Sells 1,763 Shares of ServiceNow, Inc. (NYSE:NOW)

Janus Henderson Group PLC lessened its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 812,192 shares of the information technology services provider's stock after selling 1,763 shares during the quarter. Janus Henderson Group PLC owned approximately 0.39% of ServiceNow worth $726,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Catalyst Financial Partners LLC raised its holdings in shares of ServiceNow by 1.0% during the third quarter. Catalyst Financial Partners LLC now owns 1,146 shares of the information technology services provider's stock valued at $1,025,000 after acquiring an additional 11 shares in the last quarter. First Affirmative Financial Network lifted its position in ServiceNow by 1.4% during the third quarter. First Affirmative Financial Network now owns 895 shares of the information technology services provider's stock valued at $801,000 after buying an additional 12 shares during the period. Capital Advisors Ltd. LLC lifted its position in ServiceNow by 14.6% during the third quarter. Capital Advisors Ltd. LLC now owns 94 shares of the information technology services provider's stock valued at $84,000 after buying an additional 12 shares during the period. BluePointe Capital Management LLC lifted its position in ServiceNow by 0.6% during the third quarter. BluePointe Capital Management LLC now owns 2,014 shares of the information technology services provider's stock valued at $1,801,000 after buying an additional 12 shares during the period. Finally, Morling Financial Advisors LLC lifted its position in ServiceNow by 2.5% during the second quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider's stock valued at $415,000 after buying an additional 13 shares during the period. Institutional investors own 87.18% of the company's stock.

Wall Street Analysts Forecast Growth

NOW has been the subject of several recent research reports. Jefferies Financial Group raised their price objective on ServiceNow from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research report on Monday. BMO Capital Markets raised their price target on ServiceNow from $860.00 to $1,025.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Scotiabank started coverage on ServiceNow in a report on Tuesday, November 19th. They set a "sector outperform" rating and a $1,230.00 price target for the company. Evercore ISI raised their price target on ServiceNow from $950.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus raised their price target on ServiceNow from $900.00 to $990.00 and gave the company a "buy" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and an average target price of $999.07.

ServiceNow Price Performance

NYSE NOW traded up $8.19 during trading hours on Tuesday, reaching $1,056.62. The company's stock had a trading volume of 1,282,994 shares, compared to its average volume of 1,280,072. The firm's 50-day moving average price is $968.22 and its 200-day moving average price is $851.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,072.84. The company has a market capitalization of $217.66 billion, a price-to-earnings ratio of 164.33, a PEG ratio of 6.02 and a beta of 0.99.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.46 by $0.26. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The firm's revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 EPS. On average, equities research analysts predict that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In other news, Director Anita M. Sands sold 2,229 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $2,372,993.40. Following the transaction, the director now owns 11,000 shares of the company's stock, valued at approximately $11,710,600. The trade was a 16.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 66 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,048.29, for a total value of $69,187.14. Following the transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $3,173,173.83. This represents a 2.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,629 shares of company stock valued at $20,861,626 in the last ninety days. Corporate insiders own 0.25% of the company's stock.

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.