SG Americas Securities LLC Has $27.57 Million Position in ServiceNow, Inc. (NYSE:NOW)

SG Americas Securities LLC reduced its stake in ServiceNow, Inc. (NYSE:NOW) by 10.7% in the 1st quarter, Holdings Channel reports. The firm owned 36,167 shares of the information technology services provider’s stock after selling 4,339 shares during the period. SG Americas Securities LLC’s holdings in ServiceNow were worth $27,574,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sandbox Financial Partners LLC lifted its holdings in ServiceNow by 8.6% in the 4th quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 66 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of ServiceNow by 19.8% during the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock worth $212,033,000 after buying an additional 49,631 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of ServiceNow by 5.9% during the fourth quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock worth $234,135,000 after buying an additional 18,442 shares during the last quarter. Smithfield Trust Co lifted its holdings in shares of ServiceNow by 36.4% during the fourth quarter. Smithfield Trust Co now owns 981 shares of the information technology services provider’s stock worth $691,000 after buying an additional 262 shares during the last quarter. Finally, Dohj LLC acquired a new position in shares of ServiceNow during the fourth quarter worth approximately $913,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Trading Up 1.2 %

Shares of ServiceNow stock traded up $9.35 during trading hours on Friday, hitting $758.49. The company’s stock had a trading volume of 909,518 shares, compared to its average volume of 1,170,615. ServiceNow, Inc. has a 12 month low of $527.24 and a 12 month high of $815.32. The stock has a 50 day moving average of $737.75 and a 200 day moving average of $745.82. The company has a market capitalization of $155.49 billion, a PE ratio of 81.12, a price-to-earnings-growth ratio of 4.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.41. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. Analysts predict that ServiceNow, Inc. will post 6.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of research analyst reports. StockNews.com lowered ServiceNow from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Stifel Nicolaus restated a “buy” rating and set a $820.00 price objective on shares of ServiceNow in a research report on Tuesday, July 2nd. Morgan Stanley boosted their price objective on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Wolfe Research restated an “outperform” rating and set a $830.00 price objective on shares of ServiceNow in a research report on Friday, May 10th. Finally, Wells Fargo & Company boosted their price objective on ServiceNow from $875.00 to $900.00 and gave the company an “overweight” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average target price of $812.60.

Insider Buying and Selling

In related news, insider Paul John Smith sold 125 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the transaction, the insider now directly owns 3,112 shares in the company, valued at $2,263,606.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Paul John Smith sold 125 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the transaction, the insider now directly owns 3,112 shares in the company, valued at $2,263,606.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicholas Tzitzon sold 2,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $690.99, for a total value of $1,381,980.00. Following the transaction, the insider now owns 3,649 shares of the company’s stock, valued at $2,521,422.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,530 shares of company stock worth $3,997,012. 0.25% of the stock is 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.