Sunbelt Securities Inc. trimmed its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 14.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,024 shares of the information technology services provider's stock after selling 514 shares during the period. Sunbelt Securities Inc.'s holdings in ServiceNow were worth $2,705,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC raised its position in ServiceNow by 2.0% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 1,057 shares of the information technology services provider's stock valued at $832,000 after purchasing an additional 21 shares in the last quarter. ORG Partners LLC lifted its stake in ServiceNow by 1,623.8% during the second quarter. ORG Partners LLC now owns 724 shares of the information technology services provider's stock worth $571,000 after purchasing an additional 682 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in ServiceNow by 4.4% in the second quarter. Redhawk Wealth Advisors Inc. now owns 453 shares of the information technology services provider's stock valued at $356,000 after purchasing an additional 19 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in shares of ServiceNow by 4.2% in the 2nd quarter. 180 Wealth Advisors LLC now owns 1,277 shares of the information technology services provider's stock valued at $957,000 after buying an additional 51 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew its position in shares of ServiceNow by 55.5% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,337 shares of the information technology services provider's stock valued at $1,047,000 after buying an additional 477 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms recently issued reports on NOW. JMP Securities raised their price target on ServiceNow from $850.00 to $1,000.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 17th. BMO Capital Markets increased their price target on shares of ServiceNow from $860.00 to $1,025.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. Canaccord Genuity Group increased their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. UBS Group boosted their price target on ServiceNow from $900.00 to $1,055.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus increased their price objective on ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,022.37.
Get Our Latest Stock Report on ServiceNow
Insider Buying and Selling
In other ServiceNow news, General Counsel Russell S. Elmer sold 81 shares of the business's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $1,016.54, for a total value of $82,339.74. Following the transaction, the general counsel now owns 6,843 shares in the company, valued at $6,956,183.22. The trade was a 1.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total value of $326,510.88. Following the sale, the insider now owns 3,027 shares in the company, valued at $2,799,853.92. This represents a 10.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,629 shares of company stock valued at $20,861,626. 0.25% of the stock is currently owned by company insiders.
ServiceNow Trading Up 1.7 %
NOW traded up $19.34 during trading on Wednesday, hitting $1,147.18. The company's stock had a trading volume of 1,236,072 shares, compared to its average volume of 1,280,549. The stock has a market cap of $236.32 billion, a PE ratio of 178.42, a PEG ratio of 6.45 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. ServiceNow, Inc. has a twelve month low of $637.99 and a twelve month high of $1,157.90. The firm's 50 day moving average price is $992.26 and its 200-day moving average price is $864.29.
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, beating the consensus estimate of $3.46 by $0.26. The company had revenue of $2.80 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 EPS. On average, analysts expect that ServiceNow, Inc. will post 7.07 earnings per share for the current year.
About ServiceNow
(
Free Report)
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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