ServiceNow, Inc. (NYSE:NOW) Shares Sold by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. reduced its stake in ServiceNow, Inc. (NYSE:NOWFree Report) by 2.8% during the 4th quarter, Holdings Channel reports. The fund owned 479 shares of the information technology services provider’s stock after selling 14 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in ServiceNow were worth $508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Profund Advisors LLC increased its stake in shares of ServiceNow by 6.5% during the second quarter. Profund Advisors LLC now owns 4,349 shares of the information technology services provider’s stock worth $3,421,000 after buying an additional 267 shares during the period. ProShare Advisors LLC grew its holdings in ServiceNow by 6.9% during the 2nd quarter. ProShare Advisors LLC now owns 39,115 shares of the information technology services provider’s stock worth $30,771,000 after acquiring an additional 2,517 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of ServiceNow by 5.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 815 shares of the information technology services provider’s stock valued at $664,000 after purchasing an additional 45 shares during the last quarter. Harmony Asset Management LLC acquired a new stake in shares of ServiceNow in the 2nd quarter valued at $393,000. Finally, Nippon Life Global Investors Americas Inc. lifted its position in shares of ServiceNow by 8.5% during the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 72,480 shares of the information technology services provider’s stock worth $57,018,000 after purchasing an additional 5,690 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $1,072.02 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $1,069.67 and a 200 day moving average price of $933.26. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,157.90. The company has a market cap of $220.84 billion, a P/E ratio of 166.72, a PEG ratio of 4.85 and a beta of 0.99.

ServiceNow (NYSE:NOWGet Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 earnings per share. Research analysts predict that ServiceNow, Inc. will post 7.06 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 76 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the sale, the insider now owns 3,027 shares of the company’s stock, valued at $3,060,115.38. The trade was a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Miller sold 2,879 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were 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 directly owns 42,920 shares of the company’s stock, valued at $43,740,630.40. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,731 shares of company stock worth $21,016,751. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on NOW. Needham & Company LLC increased their target price on ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, November 25th. Raymond James started coverage on ServiceNow in a research report on Tuesday, December 24th. They set an “outperform” rating and a $1,200.00 target price on the stock. BMO Capital Markets upped their price target on ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. JMP Securities raised their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a “market outperform” rating in a report on Thursday, October 17th. Finally, Truist Financial boosted their price objective on shares of ServiceNow from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $1,080.38.

View Our Latest Stock Analysis on ServiceNow

ServiceNow Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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