ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 1.0% in the 2nd quarter, Holdings Channel reports. The firm owned 303,952 shares of the information technology services provider’s stock after purchasing an additional 3,145 shares during the period. ServiceNow accounts for 2.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 15th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in ServiceNow were worth $231,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NOW. Creekmur Asset Management LLC purchased a new stake in ServiceNow during the 1st quarter valued at about $25,000. Versant Capital Management Inc grew its stake in ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares in the last quarter. EntryPoint Capital LLC grew its stake in ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 39 shares in the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new stake in ServiceNow during the 4th quarter valued at about $29,000. Finally, Sachetta LLC purchased a new stake in ServiceNow during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of ServiceNow from $850.00 to $880.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Needham & Company LLC reissued a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a research note on Thursday, July 25th. Stifel Nicolaus increased their price target on shares of ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their price target on shares of ServiceNow from $830.00 to $860.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, KeyCorp cut their price objective on ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $849.62.

ServiceNow Trading Down 0.5 %

Shares of NOW stock traded down $4.55 during trading hours on Friday, hitting $827.56. 832,886 shares of the company were exchanged, compared to its average volume of 1,322,448. The firm has a market cap of $169.65 billion, a PE ratio of 88.61, a PEG ratio of 4.82 and a beta of 0.99. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $850.33. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average of $767.89 and a 200 day moving average of $757.14.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.28. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The company’s revenue was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.77 EPS. Analysts expect that ServiceNow, Inc. will post 6.84 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jacqueline P. Canney sold 804 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total transaction of $652,848.00. Following the completion of the sale, the insider now owns 3,027 shares of the company’s stock, valued at approximately $2,457,924. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Jacqueline P. Canney sold 804 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total transaction of $652,848.00. Following the completion of the sale, the insider now owns 3,027 shares of the company’s stock, valued at $2,457,924. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul John Smith sold 187 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $795.58, for a total value of $148,773.46. Following the transaction, the insider now owns 3,779 shares in the company, valued at $3,006,496.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,943 shares of company stock valued at $7,566,635. 0.25% of the stock is currently owned by corporate insiders.

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.