ServiceNow, Inc. (NYSE:NOW) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,513 shares of the information technology services provider's stock after selling 1,897 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.09% of ServiceNow worth $159,650,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its position in ServiceNow by 3.5% in the third quarter. Fisher Asset Management LLC now owns 1,662,968 shares of the information technology services provider's stock valued at $1,487,343,000 after purchasing an additional 56,830 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in ServiceNow by 11.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,620,298 shares of the information technology services provider's stock worth $1,449,178,000 after acquiring an additional 167,847 shares during the period. Bank of New York Mellon Corp boosted its position in shares of ServiceNow by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,529,430 shares of the information technology services provider's stock worth $1,203,157,000 after purchasing an additional 34,855 shares in the last quarter. Bank of Montreal Can grew its stake in shares of ServiceNow by 216.6% during the 3rd quarter. Bank of Montreal Can now owns 1,367,875 shares of the information technology services provider's stock worth $1,206,178,000 after purchasing an additional 935,848 shares during the period. Finally, Swedbank AB lifted its stake in shares of ServiceNow by 10.3% in the second quarter. Swedbank AB now owns 1,298,722 shares of the information technology services provider's stock valued at $1,021,666,000 after purchasing an additional 120,983 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Nicholas Tzitzon sold 313 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $333,219.80. Following the completion of the transaction, the insider now owns 3,649 shares in the company, valued at approximately $3,884,725.40. The trade was a 7.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Anita M. Sands sold 2,229 shares of ServiceNow stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total transaction of $2,372,993.40. Following the sale, the director now owns 11,000 shares in the company, valued at approximately $11,710,600. This represents a 16.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,329 shares of company stock worth $20,547,241. 0.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup raised their price objective on ServiceNow from $1,068.00 to $1,071.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Piper Sandler boosted their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Morgan Stanley downgraded shares of ServiceNow from an "overweight" rating to an "equal weight" rating and raised their target price for the company from $900.00 to $960.00 in a report on Monday, October 21st. Robert W. Baird raised their price target on ServiceNow from $900.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lifted their price objective on ServiceNow from $820.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and a consensus target price of $989.07.

ServiceNow Stock Performance

Shares of NOW traded down $28.65 during mid-day trading on Wednesday, hitting $1,041.42. The stock had a trading volume of 976,988 shares, compared to its average volume of 1,284,065. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,072.84. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The company has a market cap of $214.53 billion, a PE ratio of 161.96, a PEG ratio of 6.04 and a beta of 0.98. The company's fifty day simple moving average is $958.40 and its two-hundred day simple moving average is $842.41.

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. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the business posted $1.21 EPS. The company's quarterly revenue was up 22.2% on a year-over-year basis. On average, equities analysts expect that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

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.