Hantz Financial Services Inc. Has $42.60 Million Position in ServiceNow, Inc. (NYSE:NOW)

Hantz Financial Services Inc. cut its position in shares of ServiceNow, Inc. (NYSE:NOW) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,629 shares of the information technology services provider’s stock after selling 6,949 shares during the period. ServiceNow accounts for 0.8% of Hantz Financial Services Inc.’s portfolio, making the stock its 23rd largest holding. Hantz Financial Services Inc.’s holdings in ServiceNow were worth $42,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 28 shares during the period. Truvestments Capital LLC acquired a new position in ServiceNow in the 3rd quarter valued at about $30,000. Ridgewood Investments LLC bought a new position in ServiceNow in the 2nd quarter valued at about $32,000. DT Investment Partners LLC lifted its position in ServiceNow by 77.3% during the third quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 17 shares during the last quarter. Finally, American Capital Advisory LLC bought a new stake in shares of ServiceNow during the second quarter worth approximately $39,000. 87.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of recent research reports. StockNews.com upgraded ServiceNow from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Stifel Nicolaus lifted their target price on ServiceNow from $900.00 to $990.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of ServiceNow from $820.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Citigroup raised their price target 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. Finally, Piper Sandler increased their target price 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $989.07.

ServiceNow Trading Down 2.7 %

NYSE NOW traded down $28.67 on Thursday, hitting $1,041.40. The company’s stock had a trading volume of 977,141 shares, compared to its average volume of 1,284,065. The firm 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 has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,072.84. The company’s 50-day moving average is $958.40 and its 200 day moving average is $842.41.

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

Insider Activity at ServiceNow

In related news, insider Jacqueline P. Canney sold 353 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $2,799,853.92. This represents a 10.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Miller sold 2,879 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the completion of the transaction, the director now owns 42,920 shares in the company, valued at approximately $43,740,630.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,329 shares of company stock worth $20,547,241 in the last 90 days. Corporate insiders own 0.25% of the company’s stock.

About ServiceNow

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.