WINTON GROUP Ltd Purchases 84 Shares of ServiceNow, Inc. (NYSE:NOW)

WINTON GROUP Ltd raised its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 817 shares of the information technology services provider’s stock after purchasing an additional 84 shares during the quarter. WINTON GROUP Ltd’s holdings in ServiceNow were worth $449,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in ServiceNow by 0.3% during the second quarter. Parallel Advisors LLC now owns 5,841 shares of the information technology services provider’s stock valued at $3,210,000 after purchasing an additional 17 shares in the last quarter. Glassman Wealth Services increased its position in ServiceNow by 13.3% during the second quarter. Glassman Wealth Services now owns 162 shares of the information technology services provider’s stock worth $89,000 after purchasing an additional 19 shares during the last quarter. Delta Investment Management LLC increased its position in shares of ServiceNow by 4.3% during the second quarter. Delta Investment Management LLC now owns 485 shares of the information technology services provider’s stock valued at $267,000 after acquiring an additional 20 shares during the last quarter. Lloyd Advisory Services LLC. increased its position in shares of ServiceNow by 48.8% during the second quarter. Lloyd Advisory Services LLC. now owns 61 shares of the information technology services provider’s stock valued at $34,000 after acquiring an additional 20 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in shares of ServiceNow by 34.9% during the first quarter. Prime Capital Investment Advisors LLC now owns 85 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 85.42% of the company’s stock.

NOW has been the subject of several recent research reports. Needham & Company LLC raised their price objective on shares of ServiceNow from $591.00 to $641.00 and gave the company a “buy” rating in a research note on Thursday, July 29th. Robert W. Baird upped their target price on shares of ServiceNow from $340.00 to $390.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Barclays increased their price target on shares of ServiceNow from $667.00 to $784.00 and gave the stock an “overweight” rating in a research note on Friday, September 17th. They noted that the move was a valuation call. Wolfe Research decreased their price target on shares of ServiceNow from $675.00 to $600.00 and set an “outperform” rating for the company in a research note on Friday, June 4th. Finally, Truist upped their price objective on shares of ServiceNow from $575.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, July 29th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $646.20.

In other news, Director Susan L. Bostrom sold 4,500 shares of the business’s stock in a transaction on Tuesday, August 3rd. The stock was sold at an average price of $461.40, for a total transaction of $2,076,300.00. Following the completion of the transaction, the director now owns 1,780 shares of the company’s stock, valued at approximately $821,292. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederic B. Luddy sold 16,500 shares of the business’s stock in a transaction on Wednesday, July 7th. The stock was sold at an average price of $560.07, for a total value of $9,241,155.00. The disclosure for this sale can be found here. Insiders have sold a total of 31,208 shares of company stock valued at $17,359,693 over the last quarter. 0.35% of the stock is currently owned by corporate insiders.

NYSE:NOW opened at $654.20 on Wednesday. The firm has a market capitalization of $129.60 billion, a price-to-earnings ratio of 778.82, a PEG ratio of 17.05 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $609.38 and its two-hundred day moving average price is $543.02. ServiceNow, Inc. has a 1-year low of $448.27 and a 1-year high of $681.10.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 28th. The information technology services provider reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $1.26. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.36 billion. ServiceNow had a return on equity of 9.10% and a net margin of 3.30%. Sell-side analysts predict that ServiceNow, Inc. will post 1.35 earnings per share for the current year.

ServiceNow Company Profile

ServiceNow, Inc engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for the industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil & gas, education, and consumer products.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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