ServiceNow, Inc. $NOW Holdings Increased by Generali Powszechne Towarzystwo Emerytalne

Generali Powszechne Towarzystwo Emerytalne increased its holdings in ServiceNow, Inc. (NYSE:NOW) by 333.3% in the second quarter, HoldingsChannel.com reports. The firm owned 26,000 shares of the information technology services provider’s stock after buying an additional 20,000 shares during the quarter. ServiceNow makes up 5.5% of Generali Powszechne Towarzystwo Emerytalne’s holdings, making the stock its 7th biggest holding. Generali Powszechne Towarzystwo Emerytalne’s holdings in ServiceNow were worth $26,730,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Wealth Preservation Advisors LLC purchased a new stake in shares of ServiceNow in the first quarter valued at approximately $382,000. Corient IA LLC acquired a new stake in ServiceNow in the first quarter valued at $796,000. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of ServiceNow during the first quarter worth about $1,820,000. ASR Vermogensbeheer N.V. acquired a new position in ServiceNow in the 1st quarter valued at about $19,278,000. Finally, Goldman Sachs Group Inc. increased its position in ServiceNow by 131.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider’s stock worth $1,178,706,000 after purchasing an additional 840,731 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Transactions at ServiceNow

In other ServiceNow news, CEO William R. Mcdermott sold 5,825 shares of ServiceNow stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $916.63, for a total value of $5,339,369.75. Following the sale, the chief executive officer directly owned 6,614 shares in the company, valued at approximately $6,062,590.82. The trade was a 46.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anita M. Sands sold 1,097 shares of ServiceNow stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $915.11, for a total transaction of $1,003,875.67. Following the completion of the transaction, the director directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 18,737 shares of company stock valued at $16,798,825. Corporate insiders own 0.38% of the company’s stock.

ServiceNow Stock Performance

NYSE NOW opened at $942.56 on Wednesday. The stock has a market cap of $196.05 billion, a P/E ratio of 118.71, a PEG ratio of 4.13 and a beta of 0.92. The company’s 50-day simple moving average is $913.34 and its 200 day simple moving average is $938.13. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the business earned $3.13 earnings per share. ServiceNow’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. UBS Group decreased their price target on ServiceNow from $1,100.00 to $1,075.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Bank of America raised their target price on shares of ServiceNow from $1,110.00 to $1,200.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. BMO Capital Markets raised their price objective on shares of ServiceNow from $1,150.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Needham & Company LLC lifted their price target on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ServiceNow in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,121.37.

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.