ServiceNow, Inc. $NOW Shares Sold by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. reduced its holdings in ServiceNow, Inc. (NYSE:NOW) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,481 shares of the information technology services provider’s stock after selling 129 shares during the period. ServiceNow makes up about 3.4% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 6th biggest position. Capital Investment Services of America Inc.’s holdings in ServiceNow were worth $37,505,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Haverford Trust Co boosted its position in shares of ServiceNow by 0.9% in the 1st quarter. Haverford Trust Co now owns 1,176 shares of the information technology services provider’s stock worth $936,000 after purchasing an additional 10 shares during the last quarter. Ascent Group LLC boosted its holdings in ServiceNow by 0.5% during the first quarter. Ascent Group LLC now owns 2,045 shares of the information technology services provider’s stock worth $1,628,000 after buying an additional 10 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its position in shares of ServiceNow by 2.5% during the 1st quarter. Edgemoor Investment Advisors Inc. now owns 459 shares of the information technology services provider’s stock worth $366,000 after buying an additional 11 shares during the period. Integrated Investment Consultants LLC increased its stake in shares of ServiceNow by 2.5% in the 1st quarter. Integrated Investment Consultants LLC now owns 450 shares of the information technology services provider’s stock valued at $358,000 after acquiring an additional 11 shares during the last quarter. Finally, one8zero8 LLC grew its holdings in ServiceNow by 3.2% during the first quarter. one8zero8 LLC now owns 356 shares of the information technology services provider’s stock valued at $283,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Down 0.6%

ServiceNow stock opened at $936.25 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The company has a fifty day simple moving average of $914.81 and a 200 day simple moving average of $938.12. The company has a market cap of $194.74 billion, a P/E ratio of 117.92, a price-to-earnings-growth ratio of 4.24 and a beta of 0.92.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.52. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.12 billion. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.13 EPS. Research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at ServiceNow

In other news, CFO Gina Mastantuono sold 1,762 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $866.45, for a total value of $1,526,684.90. Following the completion of the sale, the chief financial officer owned 12,228 shares of the company’s stock, valued at approximately $10,594,950.60. This represents a 12.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total transaction of $1,489,427.55. Following the completion of the sale, the insider directly owned 3,000 shares in the company, valued at approximately $2,599,350. The trade was a 36.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,737 shares of company stock valued at $16,798,825. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NOW has been the subject of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,200.00 price target on shares of ServiceNow in a report on Thursday, July 24th. Oppenheimer restated an “outperform” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of ServiceNow in a report on Thursday, July 24th. Raymond James Financial lifted their price objective on ServiceNow from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. UBS Group lowered their target price on ServiceNow from $1,100.00 to $1,075.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Finally, Barclays set a $1,210.00 price target on shares of ServiceNow in a research note on Thursday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,121.37.

About ServiceNow

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.