ServiceNow, Inc. (NYSE:NOW) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd reduced its stake in ServiceNow, Inc. (NYSE:NOW) by 4.0% during the 3rd quarter, Holdings Channel reports. The fund owned 16,067 shares of the information technology services provider’s stock after selling 677 shares during the quarter. Gulf International Bank UK Ltd’s holdings in ServiceNow were worth $14,370,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Creekmur Asset Management LLC purchased a new position in shares of ServiceNow in the 1st quarter valued at about $25,000. Versant Capital Management Inc grew its stake in ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after buying an additional 28 shares during the last quarter. DT Investment Partners LLC increased its position in ServiceNow by 77.3% during the third quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider’s stock worth $35,000 after buying an additional 17 shares during the period. EntryPoint Capital LLC boosted its holdings in shares of ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 39 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in shares of ServiceNow during the second quarter worth about $32,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on NOW shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price objective on ServiceNow from $985.00 to $1,045.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Guggenheim restated a “sell” rating and issued a $640.00 target price on shares of ServiceNow in a report on Monday, July 8th. Oppenheimer lifted their price target on shares of ServiceNow from $825.00 to $1,020.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price objective on shares of ServiceNow from $820.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $970.33.

Insider Buying and Selling

In other news, insider Paul John Smith sold 187 shares of the firm’s stock in a transaction dated 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 in the company, valued at $3,006,496.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Paul John Smith sold 187 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were 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 owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 804 shares of ServiceNow stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $812.00, for a total value of $652,848.00. Following the completion of the transaction, the insider now owns 3,027 shares of the company’s stock, valued at $2,457,924. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,530 shares of company stock valued at $2,939,955 in the last quarter. Company insiders own 0.25% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE NOW opened at $954.59 on Tuesday. The company has a market capitalization of $196.65 billion, a price-to-earnings ratio of 148.46, a PEG ratio of 5.41 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. ServiceNow, Inc. has a 1-year low of $602.45 and a 1-year high of $979.78. The business has a 50-day moving average of $899.43 and a 200-day moving average of $806.07.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. On average, equities analysts anticipate that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

ServiceNow Company Profile

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.