Lake Road Advisors Group LLC decreased its place in ServiceNow, Inc. (NYSE:NOW – Free Report) by 26.7% within the 2nd quarter, based on the corporate in its most up-to-date Kind 13F submitting with the Securities & Trade Fee. The agency owned 1,482 shares of the knowledge know-how companies supplier’s inventory after promoting 539 shares throughout the quarter. Lake Road Advisors Group LLC’s holdings in ServiceNow had been value $1,166,000 on the finish of the newest reporting interval.
A number of different institutional buyers have additionally modified their holdings of NOW. Norges Financial institution acquired a brand new stake in shares of ServiceNow within the fourth quarter valued at $1,648,259,000. Swedbank AB bought a brand new stake in shares of ServiceNow throughout the first quarter valued at $897,908,000. International Belongings Advisory LLC bought a brand new stake in shares of ServiceNow throughout the first quarter valued at $403,034,000. Vanguard Group Inc. lifted its holdings in shares of ServiceNow by 1.8% throughout the first quarter. Vanguard Group Inc. now owns 18,450,570 shares of the knowledge know-how companies supplier’s inventory valued at $14,066,715,000 after buying an extra 331,797 shares over the last quarter. Lastly, AustralianSuper Pty Ltd bought a brand new stake in shares of ServiceNow throughout the second quarter valued at $218,786,000. Institutional buyers and hedge funds personal 87.18% of the corporate’s inventory.
ServiceNow Inventory Efficiency
Shares of NYSE NOW opened at $825.04 on Friday. The corporate has a debt-to-equity ratio of 0.17, a fast ratio of 1.12 and a present ratio of 1.12. The agency has a market cap of $169.13 billion, a price-to-earnings ratio of 88.24, a P/E/G ratio of 5.13 and a beta of 0.98. The enterprise’s 50-day easy transferring common is $799.33 and its 200-day easy transferring common is $762.85. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week excessive of $863.85.
ServiceNow (NYSE:NOW – Get Free Report) final issued its quarterly earnings information on Wednesday, July twenty fourth. The data know-how companies supplier reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a return on fairness of 14.52% and a web margin of 11.51%. The enterprise had income of $2.63 billion for the quarter, in comparison with analyst estimates of $2.61 billion. Throughout the identical quarter within the prior 12 months, the agency posted $0.77 EPS. The agency’s income for the quarter was up 22.2% on a year-over-year foundation. As a gaggle, equities analysis analysts count on that ServiceNow, Inc. will put up 6.78 earnings per share for the present fiscal 12 months.
Insider Exercise at ServiceNow
In associated information, CFO Gina Mastantuono offered 1,800 shares of the inventory in a transaction that occurred on Thursday, July twenty fifth. The inventory was offered at a mean worth of $825.00, for a complete transaction of $1,485,000.00. Following the completion of the sale, the chief monetary officer now owns 11,490 shares within the firm, valued at roughly $9,479,250. The sale was disclosed in a submitting with the SEC, which is out there by way of the SEC web site. In different ServiceNow information, Director Paul Edward Chamberlain offered 135 shares of the agency’s inventory in a transaction that occurred on Wednesday, August 14th. The inventory was offered at a mean worth of $822.00, for a complete worth of $110,970.00. Following the completion of the sale, the director now owns 10,767 shares within the firm, valued at roughly $8,850,474. The sale was disclosed in a submitting with the Securities & Trade Fee, which is out there by way of this hyperlink. Additionally, CFO Gina Mastantuono offered 1,800 shares of the agency’s inventory in a transaction that occurred on Thursday, July twenty fifth. The inventory was offered at a mean worth of $825.00, for a complete worth of $1,485,000.00. Following the completion of the sale, the chief monetary officer now owns 11,490 shares of the corporate’s inventory, valued at roughly $9,479,250. The disclosure for this sale will be discovered right here. Insiders offered a complete of 6,914 shares of firm inventory value $5,608,936 within the final 90 days. 0.25% of the inventory is owned by firm insiders.
Analyst Upgrades and Downgrades
A number of equities analysis analysts have not too long ago commented on NOW shares. Wells Fargo & Firm upped their goal worth on ServiceNow from $920.00 to $935.00 and gave the corporate an “obese” score in a report on Thursday, July twenty fifth. Deutsche Financial institution Aktiengesellschaft upped their goal worth on ServiceNow from $875.00 to $900.00 and gave the corporate a “purchase” score in a report on Thursday, July twenty fifth. Royal Financial institution of Canada upped their worth goal on ServiceNow from $850.00 to $880.00 and gave the corporate an “outperform” score in a analysis report on Thursday, July twenty fifth. Citigroup upped their worth goal on ServiceNow from $909.00 to $911.00 and gave the corporate a “purchase” score in a analysis report on Wednesday, July seventeenth. Lastly, Piper Sandler upped their worth goal on ServiceNow from $830.00 to $850.00 and gave the corporate an “obese” score in a analysis report on Thursday, July twenty fifth. One funding analyst has rated the inventory with a promote score, two have given a maintain score and twenty-five have assigned a purchase score to the corporate. Primarily based on information from MarketBeat, ServiceNow presently has a mean score of “Average Purchase” and a consensus goal worth of $849.62.
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ServiceNow Firm Profile
ServiceNow, Inc offers finish to-end clever workflow automation platform options for digital companies within the North America, Europe, the Center East and Africa, Asia Pacific, and internationally. The corporate operates the Now platform for end-to-end digital transformation, synthetic intelligence, machine studying, robotic course of automation, course of mining, efficiency analytics, and collaboration and growth instruments.
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