Toronto Dominion Bank Reduces Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Toronto Dominion Bank decreased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,913 shares of the information technology services provider's stock after selling 6,547 shares during the quarter. Toronto Dominion Bank owned about 0.06% of ServiceNow worth $106,355,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in shares of ServiceNow in the third quarter worth $30,000. Ridgewood Investments LLC acquired a new position in shares of ServiceNow in the second quarter valued at $32,000. DT Investment Partners LLC increased its holdings in shares of ServiceNow by 77.3% in the third quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock valued at $35,000 after purchasing an additional 17 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of ServiceNow in the second quarter valued at $39,000. Finally, Semmax Financial Advisors Inc. acquired a new position in shares of ServiceNow in the second quarter valued at $39,000. Institutional investors own 87.18% of the company's stock.

Analyst Ratings Changes

NOW has been the topic of several research reports. Truist Financial upped their price target on shares of ServiceNow from $780.00 to $900.00 and gave the company a "hold" rating in a research note on Wednesday, October 23rd. UBS Group upped their price target on shares of ServiceNow from $900.00 to $1,055.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. JMP Securities upped their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a "market outperform" rating in a research report on Thursday, October 17th. Sanford C. Bernstein upped their price objective on shares of ServiceNow from $906.00 to $913.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Citigroup upped their price objective on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,022.37.

ServiceNow Stock Performance

NOW stock traded up $21.60 during trading on Wednesday, reaching $1,149.44. The stock had a trading volume of 721,180 shares, compared to its average volume of 1,279,585. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,157.90. The stock's 50 day moving average is $992.26 and its two-hundred day moving average is $864.29. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The firm has a market cap of $236.78 billion, a PE ratio of 178.42, a PEG ratio of 6.45 and a beta of 0.99.

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

Insider Activity at ServiceNow

In other ServiceNow news, Director Jeffrey A. Miller sold 2,879 shares of ServiceNow stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total transaction of $2,934,046.48. Following the completion of the sale, the director now directly owns 42,920 shares of the company's stock, valued at $43,740,630.40. The trade was a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the sale, the insider now directly owns 3,027 shares of the company's stock, valued at approximately $2,799,853.92. This trade represents a 10.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,629 shares of company stock valued at $20,861,626. 0.25% of the stock is owned by company insiders.

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.