V Wealth Advisors LLC decreased its holdings in shares of ServiceNow Inc (NYSE:NOW) by 42.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 504 shares of the information technology services provider’s stock after selling 375 shares during the quarter. V Wealth Advisors LLC’s holdings in ServiceNow were worth $204,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hodges Capital Management Inc. acquired a new stake in ServiceNow during the second quarter worth about $763,000. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in ServiceNow by 43.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 82 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 25 shares during the period. Duncker Streett & Co. Inc. acquired a new stake in ServiceNow during the second quarter worth about $41,000. Liberty One Investment Management LLC acquired a new stake in ServiceNow during the second quarter worth about $41,000. Finally, 1776 Wealth LLC raised its stake in ServiceNow by 205.9% during the first quarter. 1776 Wealth LLC now owns 104 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 70 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.
In other ServiceNow news, insider Fay Sien Goon sold 2,447 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $351.36, for a total value of $859,777.92. Following the completion of the sale, the insider now owns 2,600 shares in the company, valued at approximately $913,536. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chirantan Jitendra Desai sold 1,562 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $425.00, for a total transaction of $663,850.00. Following the completion of the sale, the insider now owns 26,378 shares of the company’s stock, valued at approximately $11,210,650. The disclosure for this sale can be found here. Insiders sold a total of 125,794 shares of company stock valued at $48,071,718 in the last ninety days. Company insiders own 1.00% of the company’s stock.
ServiceNow stock opened at $439.20 on Friday. The company has a 50 day moving average price of $413.30 and a 200 day moving average price of $348.33. ServiceNow Inc has a 52 week low of $213.99 and a 52 week high of $454.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.17. The firm has a market capitalization of $83.76 billion, a price-to-earnings ratio of 119.35, a P/E/G ratio of 15.46 and a beta of 1.34.
ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $1.03. ServiceNow had a net margin of 18.42% and a return on equity of 11.09%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 28.4% on a year-over-year basis. Equities analysts forecast that ServiceNow Inc will post 1.01 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on NOW shares. JMP Securities increased their price objective on shares of ServiceNow from $350.00 to $460.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Canaccord Genuity raised their price target on shares of ServiceNow from $375.00 to $475.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley raised their price target on shares of ServiceNow from $336.00 to $467.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. TheStreet upgraded shares of ServiceNow from a “c+” rating to a “b” rating in a research note on Thursday, June 11th. Finally, Raymond James raised their price target on shares of ServiceNow from $385.00 to $490.00 and gave the company a “strong-buy” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ServiceNow presently has an average rating of “Buy” and an average price target of $433.85.
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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