Hantz Financial Services Inc. Grows Position in ServiceNow, Inc. $NOW

Hantz Financial Services Inc. raised its position in ServiceNow, Inc. (NYSE:NOW) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,790 shares of the information technology services provider’s stock after purchasing an additional 2,292 shares during the quarter. Hantz Financial Services Inc.’s holdings in ServiceNow were worth $28,570,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bogart Wealth LLC raised its holdings in shares of ServiceNow by 113.3% in the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 17 shares during the period. Graybill Wealth Management LTD. purchased a new position in shares of ServiceNow in the 1st quarter worth about $26,000. WASHINGTON TRUST Co raised its holdings in shares of ServiceNow by 620.0% in the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 31 shares during the period. Global X Japan Co. Ltd. purchased a new position in shares of ServiceNow in the 2nd quarter worth about $30,000. Finally, LGT Financial Advisors LLC purchased a new position in shares of ServiceNow in the 2nd quarter worth about $32,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other ServiceNow news, General Counsel Russell S. Elmer sold 1,698 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $884.26, for a total transaction of $1,501,473.48. Following the completion of the sale, the general counsel owned 4,332 shares in the company, valued at $3,830,614.32. This trade represents a 28.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anita M. Sands sold 1,097 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $915.11, for a total value of $1,003,875.67. Following the sale, the director owned 9,307 shares of the company’s stock, valued at approximately $8,516,928.77. This trade represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 17,980 shares of company stock worth $16,049,017 over the last quarter. Corporate insiders own 0.38% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE NOW opened at $911.75 on Thursday. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The business has a 50 day moving average price of $920.43 and a two-hundred day moving average price of $946.08. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a market cap of $189.64 billion, a PE ratio of 114.83, a price-to-earnings-growth ratio of 4.23 and a beta of 0.92.

Analyst Upgrades and Downgrades

NOW has been the topic of several analyst reports. UBS Group dropped their target price on ServiceNow from $1,100.00 to $1,075.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Erste Group Bank reiterated a “hold” rating on shares of ServiceNow in a report on Wednesday, July 23rd. Barclays set a $1,210.00 target price on ServiceNow in a report on Thursday, July 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of ServiceNow in a report on Thursday. Finally, Morgan Stanley upgraded ServiceNow from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,040.00 to $1,250.00 in a report on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,124.17.

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.