2 weeks Ago By Defense World Staff
Brown Shipley& Co Ltd lifted its position in ServiceNow, Inc. ( NYSE:NOW – Free Report ) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 12,447 shares of the information technology services provider’s stock after buying an additional 312 shares during the period. ServiceNow makes up about 4.4% of Brown Shipley& Co Ltd’s investment portfolio, making the stock its 8th biggest position.
Brown Shipley& Co Ltd’s holdings in ServiceNow were worth $9,792,000 at the end of the most recent reporting period. Other large investors also recently modified their holdings of the company. Morling Financial Advisors LLC boosted its stake in shares of ServiceNow by 2.
5% during the 2nd quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider’s stock worth $415,000 after acquiring an additional 13 shares during the last quarter. Optas LLC grew its stake in shares of ServiceNow by 1.
7% during the 1st quarter. Optas LLC now owns 815 shares of the information technology services provider’s stock valued at $621,000 after acquiring an additional 14 shares during the period. Cedar Wealth Management LLC increased its stake in shares of ServiceNow by 5.
5% in the first quarter. Cedar Wealth Management LLC now owns 268 shares of the information technology services provider’s stock worth $204,000 after purchasing an additional 14 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in ServiceNow by 2.
7% in the 2nd quarter. Financial Advocates Investment Management now owns 527 shares of the information technology services provider’s stock worth $415,000 after buying an additional 14 shares during the period. Finally, Ndwm LLC increased its stake in ServiceNow by 0.
6% in the 2nd quarter. Ndwm LLC now owns 2,415 shares of the information technology services provider’s stock worth $1,900,000 after buying an additional 14 shares in the last quarter. Institutional investors own 87.
18% of the company’s stock. Analysts Set New Price Targets A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on ServiceNow from $850.
00 to $880.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company raised their target price on shares of ServiceNow from $920.
00 to $935.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Truist Financial boosted their price target on shares of ServiceNow from $750.
00 to $780.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Piper Sandler raised their price objective on ServiceNow from $830.
00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Finally, Citigroup increased their target price on ServiceNow from $909.
00 to $911.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have given a buy rating to the stock.
According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $855.44.
ServiceNow Stock Performance Shares of NOW stock opened at $881.79 on Monday. The business’s 50 day moving average is $837.
59 and its two-hundred day moving average is $776.29. ServiceNow, Inc.
has a 12-month low of $527.24 and a 12-month high of $945.46.
The company has a market capitalization of $180.77 billion, a P/E ratio of 94.31, a P/E/G ratio of 5.
55 and a beta of 0.98. The company has a current ratio of 1.
12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.
ServiceNow ( NYSE:NOW – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.
85 by $0.28. ServiceNow had a return on equity of 14.
52% and a net margin of 11.51%. The company had revenue of $2.
63 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm posted $0.
77 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis.
Analysts expect that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.
Insider Buying and Selling at ServiceNow In other news, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $829.68, for a total transaction of $1,540,715.
76. Following the sale, the insider now owns 3,649 shares of the company’s stock, valued at approximately $3,027,502.32.
The transaction was disclosed in a filing with the SEC, which can be accessed through this link . In related news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $825.
00, for a total transaction of $1,485,000.00. Following the completion of the transaction, the chief financial officer now owns 11,490 shares of the company’s stock, valued at approximately $9,479,250.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, insider Nicholas Tzitzon sold 1,857 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $829.
68, for a total value of $1,540,715.76. Following the completion of the sale, the insider now owns 3,649 shares in the company, valued at approximately $3,027,502.
32. The disclosure for this sale can be found here . Insiders have sold 6,914 shares of company stock worth $5,608,936 in the last ninety days.
0.25% of the stock is owned by insiders. 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. Featured Stories Five stocks we like better than ServiceNow How to Use the MarketBeat Stock Screener 3 Bargain Stocks Under $20 With Major Growth Potential Where to Find Earnings Call Transcripts Top 5 ETFs to Own Now and Into 2025 How to Read Stock Charts for Beginners Watch These 3 Former Short-Squeeze Stocks for a Big Rally Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter .
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