Aubrey Capital Management Ltd Makes New $2.86 Million Investment in ServiceNow, Inc. (NYSE:NOW)

Aubrey Capital Management Ltd acquired a new stake in ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,200 shares of the information technology services provider’s stock, valued at approximately $2,862,000.

A number of other hedge funds have also recently modified their holdings of NOW. KBC Group NV grew its stake in shares of ServiceNow by 1.1% during the 3rd quarter. KBC Group NV now owns 164,359 shares of the information technology services provider’s stock worth $147,002,000 after purchasing an additional 1,865 shares during the period. Huntington National Bank grew its position in ServiceNow by 3.7% during the third quarter. Huntington National Bank now owns 96,427 shares of the information technology services provider’s stock valued at $86,244,000 after buying an additional 3,459 shares during the period. Plato Investment Management Ltd increased its holdings in ServiceNow by 7.2% in the third quarter. Plato Investment Management Ltd now owns 4,538 shares of the information technology services provider’s stock valued at $4,055,000 after buying an additional 304 shares in the last quarter. Cable Hill Partners LLC acquired a new position in shares of ServiceNow in the third quarter worth about $211,000. Finally, Haverford Trust Co grew its position in shares of ServiceNow by 7.1% during the 3rd quarter. Haverford Trust Co now owns 1,169 shares of the information technology services provider’s stock valued at $1,046,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 76 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the transaction, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,060,115.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction on Monday, August 19th. The stock was sold at an average price of $825.92, for a total value of $77,636.48. Following the completion of the transaction, the insider now directly owns 4,019 shares in the company, valued at approximately $3,319,372.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 76 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total value of $76,831.44. Following the sale, the insider now owns 3,027 shares in the company, valued at approximately $3,060,115.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,259 shares of company stock worth $4,955,741 over the last ninety days. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Mizuho upped their target price on ServiceNow from $850.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Morgan Stanley downgraded shares of ServiceNow from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $900.00 to $960.00 in a report on Monday, October 21st. Canaccord Genuity Group boosted their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of ServiceNow from $900.00 to $1,000.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Citigroup boosted 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, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $974.04.

ServiceNow Stock Down 0.3 %

Shares of NYSE:NOW opened at $1,045.53 on Thursday. The company has a market capitalization of $215.38 billion, a price-to-earnings ratio of 162.60, a PEG ratio of 6.02 and a beta of 0.98. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,061.66. The business has a 50-day moving average price of $924.67 and a 200 day moving average price of $819.71. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16.

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