BBVA USA Bancshares Inc. lowered its holdings in ServiceNow Inc (NYSE:NOW) by 10.9% during the second quarter, Holdings Channel.com reports. The firm owned 3,251 shares of the information technology services provider’s stock after selling 399 shares during the period. BBVA USA Bancshares Inc.’s holdings in ServiceNow were worth $1,317,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of NOW. Guggenheim Capital LLC lifted its stake in shares of ServiceNow by 143.9% during the fourth quarter. Guggenheim Capital LLC now owns 47,188 shares of the information technology services provider’s stock valued at $13,322,000 after acquiring an additional 27,844 shares during the period. Ancora Advisors LLC acquired a new position in shares of ServiceNow during the fourth quarter valued at $100,000. AQR Capital Management LLC lifted its stake in shares of ServiceNow by 49.7% during the fourth quarter. AQR Capital Management LLC now owns 90,170 shares of the information technology services provider’s stock valued at $25,457,000 after acquiring an additional 29,946 shares during the period. Captrust Financial Advisors lifted its stake in shares of ServiceNow by 1,203.8% during the fourth quarter. Captrust Financial Advisors now owns 1,043 shares of the information technology services provider’s stock valued at $304,000 after acquiring an additional 963 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of ServiceNow by 89.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,237 shares of the information technology services provider’s stock valued at $4,255,000 after acquiring an additional 7,173 shares during the period. 92.11% of the stock is currently owned by institutional investors.
NYSE:NOW opened at $441.60 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $84.21 billion, a PE ratio of 129.12, a PEG ratio of 15.82 and a beta of 1.34. ServiceNow Inc has a 52-week low of $213.99 and a 52-week high of $454.70. The stock has a 50-day simple moving average of $405.55 and a 200 day simple moving average of $342.08.
ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 29th. The information technology services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.10. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.02 billion. ServiceNow had a return on equity of 9.47% and a net margin of 18.19%. ServiceNow’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. On average, research analysts predict that ServiceNow Inc will post 1.01 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. OTR Global lowered ServiceNow to a “positive” rating in a research note on Thursday, July 16th. SunTrust Banks increased their target price on ServiceNow from $385.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Bank of America reissued a “buy” rating and issued a $408.00 target price on shares of ServiceNow in a research note on Tuesday, May 12th. Morgan Stanley increased their target price on ServiceNow from $336.00 to $467.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Piper Sandler lowered ServiceNow from an “overweight” rating to a “neutral” rating and increased their target price for the company from $310.00 to $360.00 in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ServiceNow has an average rating of “Buy” and a consensus target price of $397.67.
In other ServiceNow news, insider Fay Sien Goon sold 2,447 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $351.36, for a total value of $859,777.92. Following the completion of the transaction, the insider now directly owns 2,600 shares in the company, valued at $913,536. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chirantan Jitendra Desai sold 1,562 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $425.00, for a total value of $663,850.00. Following the completion of the transaction, the insider now owns 26,378 shares of the company’s stock, valued at $11,210,650. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 355,684 shares of company stock valued at $126,374,135. Corporate insiders own 0.72% of the company’s stock.
ServiceNow Company Profile
ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.
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