Rockefeller Capital Management L.P. increased its holdings in ServiceNow Inc (NYSE:NOW) by 19.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 800 shares of the information technology services provider’s stock after acquiring an additional 133 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in ServiceNow were worth $197,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Financial Gravity Wealth Inc. bought a new stake in ServiceNow in the first quarter valued at about $25,000. Sandy Spring Bank increased its holdings in ServiceNow by 118.0% in the first quarter. Sandy Spring Bank now owns 109 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Claybrook Capital LLC bought a new stake in ServiceNow in the fourth quarter valued at about $28,000. Next Capital Management LLC bought a new stake in ServiceNow in the fourth quarter valued at about $32,000. Finally, Resources Investment Advisors Inc. bought a new stake in ServiceNow in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 93.08% of the company’s stock.
Several analysts recently weighed in on NOW shares. KeyCorp boosted their price objective on ServiceNow from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. BMO Capital Markets boosted their price objective on ServiceNow from $235.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. ValuEngine raised ServiceNow from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Cowen upped their target price on ServiceNow from $260.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Canaccord Genuity upped their target price on ServiceNow from $285.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. ServiceNow currently has a consensus rating of “Buy” and a consensus target price of $270.68.
Shares of NOW stock opened at $267.88 on Thursday. ServiceNow Inc has a 12-month low of $147.63 and a 12-month high of $281.74. The company has a market capitalization of $49.40 billion, a P/E ratio of 1,339.40, a price-to-earnings-growth ratio of 19.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.13 and a quick ratio of 1.13.
ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. ServiceNow had a positive return on equity of 1.64% and a negative net margin of 1.38%. The business had revenue of $788.93 million during the quarter, compared to analyst estimates of $768.09 million. During the same period in the prior year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. Equities research analysts forecast that ServiceNow Inc will post 0.48 EPS for the current fiscal year.
In other ServiceNow news, insider David Schneider sold 3,559 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $269.08, for a total value of $957,655.72. Following the completion of the sale, the insider now directly owns 47,765 shares in the company, valued at $12,852,606.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederic B. Luddy sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $237.38, for a total value of $5,222,360.00. Following the completion of the sale, the director now owns 1,770 shares of the company’s stock, valued at $420,162.60. The disclosure for this sale can be found here. Insiders sold a total of 118,944 shares of company stock valued at $31,224,589 over the last three months. Corporate insiders own 1.00% of the company’s stock.
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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