New Century Financial Group LLC Has $1.24 Million Position in ServiceNow, Inc. (NYSE:NOW)

New Century Financial Group LLC decreased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,391 shares of the information technology services provider’s stock after selling 116 shares during the period. New Century Financial Group LLC’s holdings in ServiceNow were worth $1,244,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NOW. Swedbank AB bought a new position in shares of ServiceNow during the first quarter valued at about $897,908,000. Global Assets Advisory LLC bought a new stake in shares of ServiceNow in the first quarter valued at approximately $403,034,000. Vanguard Group Inc. lifted its stake in shares of ServiceNow by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock valued at $14,066,715,000 after buying an additional 331,797 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in ServiceNow in the 2nd quarter worth approximately $218,786,000. Finally, Acadian Asset Management LLC raised its holdings in ServiceNow by 233.4% during the 1st quarter. Acadian Asset Management LLC now owns 387,225 shares of the information technology services provider’s stock valued at $295,198,000 after acquiring an additional 271,073 shares during the period. 87.18% of the stock is owned by institutional investors.

ServiceNow Trading Up 0.5 %

NOW opened at $921.75 on Friday. The stock has a market cap of $188.96 billion, a PE ratio of 98.58, a PEG ratio of 5.63 and a beta of 0.99. The business has a 50 day moving average of $874.61 and a 200-day moving average of $791.98. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $949.59. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.28. The company had revenue of $2.63 billion during 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%. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the business earned $0.77 EPS. Equities research analysts predict that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Oppenheimer boosted their target price on ServiceNow from $825.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial raised their price target on ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Jefferies Financial Group lifted their price objective on shares of ServiceNow from $900.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group raised their price target on ServiceNow from $900.00 to $1,055.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $914.15.

Insider Transactions at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the sale, the chief financial officer now owns 11,490 shares in the company, valued at $9,479,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total value of $326,510.88. Following the completion of the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $2,799,853.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,267 shares of company stock valued at $5,935,447 in the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Company 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.