ServiceNow, Inc. (NYSE:NOW) Stock Position Decreased by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC lessened its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 3.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,341 shares of the information technology services provider’s stock after selling 141 shares during the period. SYSTM Wealth Solutions LLC’s holdings in ServiceNow were worth $3,415,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NOW. Swedbank AB bought a new stake in shares of ServiceNow during the 1st quarter valued at about $897,908,000. Global Assets Advisory LLC bought a new stake in shares of ServiceNow during the 1st quarter valued at about $403,034,000. Vanguard Group Inc. boosted its stake in ServiceNow by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock valued at $14,066,715,000 after purchasing an additional 331,797 shares during the period. AustralianSuper Pty Ltd acquired a new position in ServiceNow during the 2nd quarter valued at about $218,786,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in ServiceNow by 18.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,754,027 shares of the information technology services provider’s stock valued at $1,239,198,000 after purchasing an additional 271,153 shares during the period. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Down 0.6 %

NOW stock opened at $886.77 on Wednesday. The firm has a market capitalization of $181.79 billion, a P/E ratio of 94.84, a P/E/G ratio of 5.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company’s 50 day simple moving average is $812.61 and its 200-day simple moving average is $768.20. ServiceNow, Inc. has a 52-week low of $527.24 and a 52-week high of $899.61.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.28. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 EPS. As a group, equities research analysts anticipate that ServiceNow, Inc. will post 6.78 EPS for the current year.

Wall Street Analyst Weigh In

NOW has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of ServiceNow from $909.00 to $911.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. boosted their target price on shares of ServiceNow from $780.00 to $820.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada boosted their target price on shares of ServiceNow from $850.00 to $880.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. JMP Securities upped their price target on shares of ServiceNow from $825.00 to $850.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus upped their price target on shares of ServiceNow from $820.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $855.44.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 187 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $795.58, for a total value of $148,773.46. Following the transaction, the insider now owns 3,779 shares in the company, valued at approximately $3,006,496.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following the completion of the sale, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at $9,479,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul John Smith sold 187 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $795.58, for a total transaction of $148,773.46. Following the completion of the sale, the insider now directly owns 3,779 shares of the company’s stock, valued at $3,006,496.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,914 shares of company stock worth $5,608,936. 0.25% of the stock is currently owned by company insiders.

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.