DekaBank Deutsche Girozentrale Purchases 6,481 Shares of ServiceNow, Inc. (NYSE:NOW)

DekaBank Deutsche Girozentrale lifted its holdings in ServiceNow, Inc. (NYSE:NOW) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 416,444 shares of the information technology services provider’s stock after purchasing an additional 6,481 shares during the period. ServiceNow comprises approximately 0.7% of DekaBank Deutsche Girozentrale’s holdings, making the stock its 23rd biggest position. DekaBank Deutsche Girozentrale’s holdings in ServiceNow were worth $367,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Modera Wealth Management LLC purchased a new stake in ServiceNow during the third quarter valued at approximately $244,000. GHP Investment Advisors Inc. increased its stake in shares of ServiceNow by 108.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 192 shares of the information technology services provider’s stock worth $172,000 after purchasing an additional 100 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in ServiceNow by 41.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 906 shares of the information technology services provider’s stock worth $810,000 after purchasing an additional 267 shares during the period. Horizon Bancorp Inc. IN lifted its position in ServiceNow by 316.4% during the third quarter. Horizon Bancorp Inc. IN now owns 254 shares of the information technology services provider’s stock valued at $227,000 after purchasing an additional 193 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in ServiceNow by 2.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 1,080 shares of the information technology services provider’s stock valued at $966,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Down 0.6 %

Shares of NOW stock opened at $950.85 on Friday. ServiceNow, Inc. has a 1 year low of $548.44 and a 1 year high of $979.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $885.56 and its two-hundred day simple moving average is $797.46. The company has a market cap of $195.88 billion, a PE ratio of 171.94, a price-to-earnings-growth ratio of 5.04 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 14.52% and a net margin of 11.51%. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 EPS. Research analysts predict that ServiceNow, Inc. will post 7.41 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on NOW shares. Citigroup raised their price objective on ServiceNow from $1,068.00 to $1,071.00 and gave the stock a “buy” rating in a research note on Friday. Robert W. Baird upped their price target on shares of ServiceNow from $900.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday. Oppenheimer increased their price objective on shares of ServiceNow from $825.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their target price on shares of ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Finally, Guggenheim reiterated a “sell” rating and issued a $640.00 price target on shares of ServiceNow in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $970.33.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 353 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at $2,799,853.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other ServiceNow news, insider Jacqueline P. Canney sold 353 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total value of $326,510.88. Following the transaction, the insider now owns 3,027 shares of the company’s stock, valued at $2,799,853.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 804 shares of the stock in a transaction on 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 sale, the insider now owns 3,027 shares in the company, valued at approximately $2,457,924. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,467 shares of company stock worth $4,450,447. 0.25% of the stock is currently owned by insiders.

ServiceNow 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.