1 week Ago By ABMN Staff
Franchise Capital Ltd acquired a new stake in ServiceNow, Inc. ( NYSE:NOW – Free Report ) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,410 shares of the information technology services provider’s stock, valued at approximately $3,615,000.
ServiceNow accounts for 1.7% of Franchise Capital Ltd’s portfolio, making the stock its 9th largest holding. Other institutional investors also recently modified their holdings of the company.
World Investment Advisors LLC lifted its holdings in shares of ServiceNow by 499,668.1% in the third quarter. World Investment Advisors LLC now owns 4,772,785 shares of the information technology services provider’s stock worth $4,268,731,000 after buying an additional 4,771,830 shares in the last quarter.
International Assets Investment Management LLC increased its position in shares of ServiceNow by 89,137.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,185,067 shares of the information technology services provider’s stock valued at $1,059,912,000 after purchasing an additional 1,183,739 shares during the last quarter.
Bank of Montreal Can grew its position in ServiceNow by 216.6% during the third quarter. Bank of Montreal Can now owns 1,367,875 shares of the information technology services provider’s stock valued at $1,206,178,000 after acquiring an additional 935,848 shares during the last quarter.
Wellington Management Group LLP raised its position in ServiceNow by 24.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,169,531 shares of the information technology services provider’s stock worth $2,834,797,000 after purchasing an additional 615,797 shares during the period.
Finally, FMR LLC increased its holdings in shares of ServiceNow by 9.9% in the third quarter. FMR LLC now owns 5,606,394 shares of the information technology services provider’s stock worth $5,014,302,000 after buying an additional 502,845 shares during the period.
87.18% of the stock is currently owned by hedge funds and other institutional investors. ServiceNow Stock Performance Shares of NOW opened at $1,054.
34 on Friday. 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 stock has a market cap of $217.
19 billion, a P/E ratio of 163.97, a P/E/G ratio of 6.43 and a beta of 0.
99. The business’s 50 day moving average price is $1,051.07 and its 200-day moving average price is $908.
48. ServiceNow, Inc. has a 52 week low of $637.
99 and a 52 week high of $1,157.90. Wall Street Analyst Weigh In Several analysts have weighed in on the company.
Canaccord Genuity Group boosted their price objective on ServiceNow from $1,000.00 to $1,200.00 and gave the company a “buy” rating in a research report on Friday, December 20th.
Raymond James assumed coverage on shares of ServiceNow in a report on Tuesday, December 24th. They set an “outperform” rating and a $1,200.00 price target for the company.
UBS Group raised their price target on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th.
Stifel Nicolaus boosted their price objective on shares of ServiceNow from $900.00 to $990.00 and gave the company a “buy” rating in a research report on Thursday, October 24th.
Finally, Truist Financial increased their target price on shares of ServiceNow from $900.00 to $1,100.00 and gave the stock a “hold” rating in a report on Thursday, December 12th.
One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,048.
00. Check Out Our Latest Analysis on NOW Insider Activity at ServiceNow In related news, insider Jacqueline P. Canney sold 66 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th.
The stock was sold at an average price of $1,048.29, for a total value of $69,187.14.
Following the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $3,173,173.83. This represents a 2.
13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, CEO William R.
Mcdermott sold 12,271 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.
57. Following the sale, the chief executive officer now owns 2,595 shares in the company, valued at approximately $2,588,953.65.
This represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
In the last ninety days, insiders have sold 20,629 shares of company stock valued at $20,861,626. 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 Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for ServiceNow, Inc. ( NYSE:NOW – Free Report ). 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 ..
