ServiceNow, Inc. (NYSE:NOW) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC decreased its stake in ServiceNow, Inc. (NYSE:NOW) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,156 shares of the information technology services provider’s stock after selling 50 shares during the period. New Century Financial Group LLC’s holdings in ServiceNow were worth $881,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in ServiceNow by 47.7% during the third quarter. AQR Capital Management LLC now owns 70,167 shares of the information technology services provider’s stock worth $39,221,000 after purchasing an additional 22,652 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in ServiceNow by 97.1% during the third quarter. Advisors Asset Management Inc. now owns 3,315 shares of the information technology services provider’s stock worth $1,853,000 after purchasing an additional 1,633 shares during the last quarter. AXQ Capital LP acquired a new stake in ServiceNow in the third quarter valued at $224,000. Evergreen Capital Management LLC increased its holdings in ServiceNow by 0.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 2,512 shares of the information technology services provider’s stock valued at $1,404,000 after acquiring an additional 18 shares in the last quarter. Finally, EULAV Asset Management lifted its stake in ServiceNow by 9.9% in the 3rd quarter. EULAV Asset Management now owns 77,564 shares of the information technology services provider’s stock valued at $43,355,000 after buying an additional 7,000 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 190 shares of ServiceNow stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total transaction of $136,568.20. Following the sale, the insider now directly owns 3,010 shares in the company, valued at approximately $2,163,527.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Frederic B. Luddy sold 598 shares of ServiceNow stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $741.92, for a total value of $443,668.16. Following the completion of the transaction, the director now directly owns 428 shares in the company, valued at $317,541.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul John Smith sold 190 shares of ServiceNow stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total value of $136,568.20. Following the completion of the transaction, the insider now owns 3,010 shares of the company’s stock, valued at approximately $2,163,527.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,530 shares of company stock valued at $3,997,012. Insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Robert W. Baird lifted their price objective on ServiceNow from $870.00 to $885.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Wells Fargo & Company increased their target price on ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Wolfe Research reiterated an “outperform” rating and set a $830.00 price objective on shares of ServiceNow in a report on Friday, May 10th. Finally, KeyCorp decreased their target price on shares of ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $813.28.

ServiceNow Stock Down 1.0 %

Shares of NOW stock traded down $8.19 on Thursday, hitting $785.92. The stock had a trading volume of 577,464 shares, compared to its average volume of 1,202,180. ServiceNow, Inc. has a 52-week low of $527.24 and a 52-week high of $815.32. The firm has a market capitalization of $161.11 billion, a price-to-earnings ratio of 84.06, a P/E/G ratio of 4.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50 day moving average is $729.74 and its 200-day moving average is $742.98.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. As a group, research analysts expect that ServiceNow, Inc. will post 6.5 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.