2 weeks Ago By Defense World Staff
Legal & General Group Plc decreased its holdings in shares of ServiceNow, Inc. ( NYSE:NOW – Free Report ) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,647,801 shares of the information technology services provider’s stock after selling 20,197 shares during the period. Legal & General Group Plc owned 0.80% of ServiceNow worth $1,296,279,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its holdings in shares of ServiceNow by 1.3% during the 2nd quarter.
The Manufacturers Life Insurance Company now owns 180,410 shares of the information technology services provider’s stock worth $141,907,000 after buying an additional 2,257 shares in the last quarter. Maverick Capital Ltd. boosted its stake in ServiceNow by 88.
8% during the second quarter. Maverick Capital Ltd. now owns 638 shares of the information technology services provider’s stock worth $502,000 after acquiring an additional 300 shares in the last quarter.
MBB Public Markets I LLC boosted its stake in ServiceNow by 2,025.9% during the second quarter. MBB Public Markets I LLC now owns 14,520 shares of the information technology services provider’s stock worth $11,422,000 after acquiring an additional 13,837 shares in the last quarter.
Daymark Wealth Partners LLC grew its holdings in ServiceNow by 27.4% in the second quarter. Daymark Wealth Partners LLC now owns 563 shares of the information technology services provider’s stock worth $443,000 after purchasing an additional 121 shares during the period.
Finally, Delta Investment Management LLC raised its holdings in shares of ServiceNow by 58.6% during the second quarter. Delta Investment Management LLC now owns 955 shares of the information technology services provider’s stock valued at $751,000 after purchasing an additional 353 shares during the period.
Institutional investors and hedge funds own 87.18% of the company’s stock. Insider Activity at ServiceNow In other ServiceNow news, insider Paul John Smith sold 187 shares of the firm’s stock in a transaction on Thursday, August 8th.
The stock was sold at an average price of $795.58, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link .
In other ServiceNow news, insider Paul John Smith sold 187 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $795.58, for a total transaction of $148,773.
46. Following the completion of the transaction, the insider now owns 3,779 shares in the company, valued at $3,006,496.82.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . Also, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction that occurred on Friday, August 2nd.
The shares were sold at an average price of $779.81, for a total transaction of $1,510,491.97.
Following the completion of the sale, the general counsel now directly owns 6,736 shares in the company, valued at approximately $5,252,800.16. The disclosure for this sale can be found here .
Over the last quarter, insiders have sold 6,914 shares of company stock worth $5,608,936. Insiders own 0.25% of the company’s stock.
ServiceNow Trading Down 0.6 % ServiceNow ( NYSE:NOW – Get Free Report ) last announced its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.
13 EPS for the quarter, topping the consensus estimate of $2.85 by $0.28.
ServiceNow had a net margin of 11.51% and a return on equity of 14.52%.
The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion.
During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was up 22.
2% on a year-over-year basis. Equities research analysts predict that ServiceNow, Inc. will post 6.
78 EPS for the current year. Wall Street Analyst Weigh In A number of brokerages recently commented on NOW. TD Cowen boosted their target price on ServiceNow from $870.
00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada upped their target price on ServiceNow from $850.
00 to $880.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Needham & Company LLC reiterated a “buy” rating and issued a $900.
00 target price on shares of ServiceNow in a report on Monday, September 9th. Guggenheim restated a “sell” rating and set a $640.00 price target on shares of ServiceNow in a research note on Monday, July 8th.
Finally, KeyCorp dropped their price objective on shares of ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd.
One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $855.44.
View Our Latest Stock Analysis on NOW About ServiceNow ( 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. Recommended Stories Five stocks we like better than ServiceNow Best Aerospace Stocks Investing REITs on the Rise After Rate Cuts: Where to Invest Now How to Read Stock Charts for Beginners Is Viking Therapeutics Ready For Another Surge? REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today AI Boom and Rate Cuts Boost Utility Stocks: Best Growth Picks 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.
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