Hantz Financial Services Inc. Takes $42.94 Million Position in ServiceNow, Inc. (NYSE:NOW)

Hantz Financial Services Inc. bought a new position in shares of ServiceNow, Inc. (NYSE:NOW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 54,578 shares of the information technology services provider’s stock, valued at approximately $42,935,000. ServiceNow accounts for approximately 0.8% of Hantz Financial Services Inc.’s portfolio, making the stock its 21st largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOW. Creekmur Asset Management LLC purchased a new stake in shares of ServiceNow during the first quarter valued at $25,000. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 28 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new stake in ServiceNow during the fourth quarter valued at $29,000. EntryPoint Capital LLC grew its stake in ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 39 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in ServiceNow in the 2nd quarter worth about $32,000. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Price Performance

NYSE NOW opened at $855.00 on Friday. The company has a 50-day moving average price of $789.70 and a 200-day moving average price of $760.16. 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 market capitalization of $175.28 billion, a P/E ratio of 91.44, a PEG ratio of 4.82 and a beta of 0.99. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $857.25.

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

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Christopher Bedi sold 215 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total transaction of $150,500.00. Following the sale, the insider now directly owns 15,892 shares of the company’s stock, valued at $11,124,400. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the completion of the transaction, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Bedi sold 215 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total transaction of $150,500.00. Following the completion of the sale, the insider now owns 15,892 shares in the company, valued at approximately $11,124,400. The disclosure for this sale can be found here. Insiders have sold 7,129 shares of company stock valued at $5,759,436 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $830.00 price objective on shares of ServiceNow in a research report on Friday, May 10th. Piper Sandler raised their price objective on ServiceNow from $830.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Stifel Nicolaus increased their price target on ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Citigroup lifted their target price on shares of ServiceNow from $909.00 to $911.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Truist Financial upped their price target on shares of ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $849.62.

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.