E Fund Management Co. Ltd. Sells 114 Shares of ServiceNow, Inc. (NYSE:NOW)

E Fund Management Co. Ltd. lowered its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,397 shares of the information technology services provider’s stock after selling 114 shares during the period. E Fund Management Co. Ltd.’s holdings in ServiceNow were worth $2,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AdvisorNet Financial Inc grew its position in ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Disciplined Equity Management Inc. bought a new stake in shares of ServiceNow during the fourth quarter valued at approximately $35,000. Fortitude Family Office LLC purchased a new position in ServiceNow in the 4th quarter worth approximately $41,000. Oliver Lagore Vanvalin Investment Group lifted its position in ServiceNow by 30.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 14 shares in the last quarter. Finally, Friedenthal Financial bought a new stake in shares of ServiceNow in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul John Smith sold 5,159 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the sale, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other ServiceNow news, insider Paul John Smith sold 5,159 shares of ServiceNow stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the sale, the insider now directly owns 5,453 shares in the company, valued at approximately $4,064,229.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the transaction, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,369 shares of company stock worth $8,538,300. 0.25% of the stock is owned by corporate insiders.

ServiceNow Price Performance

NOW stock traded up $1.91 during trading on Thursday, reaching $722.94. The company’s stock had a trading volume of 1,049,773 shares, compared to its average volume of 1,223,863. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The company’s fifty day moving average is $750.45 and its 200-day moving average is $717.57. The company has a market capitalization of $148.48 billion, a P/E ratio of 77.32, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. ServiceNow, Inc. has a 1 year low of $446.25 and a 1 year high of $815.32.

Analyst Ratings Changes

NOW has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price target on ServiceNow from $850.00 to $830.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. The Goldman Sachs Group lifted their price target on shares of ServiceNow from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. JMP Securities restated a “market outperform” rating and issued a $825.00 target price on shares of ServiceNow in a report on Tuesday. Morgan Stanley boosted their target price on shares of ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Mizuho raised their price target on ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and a consensus price target of $807.88.

ServiceNow 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.