Fort Washington Investment Advisors Inc. OH Acquires 112 Shares of ServiceNow, Inc. (NYSE:NOW)

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,904 shares of the information technology services provider’s stock after purchasing an additional 112 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in ServiceNow were worth $3,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. OMC Financial Services LTD acquired a new position in ServiceNow in the 2nd quarter valued at $2,209,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in ServiceNow by 10.4% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 220,986 shares of the information technology services provider’s stock valued at $173,843,000 after purchasing an additional 20,843 shares in the last quarter. Hudson Value Partners LLC bought a new stake in ServiceNow during the second quarter worth about $1,145,000. Peregrine Capital Management LLC grew its stake in ServiceNow by 2.2% during the second quarter. Peregrine Capital Management LLC now owns 105,973 shares of the information technology services provider’s stock worth $83,366,000 after buying an additional 2,256 shares in the last quarter. Finally, Callahan Advisors LLC increased its holdings in ServiceNow by 1.5% in the 2nd quarter. Callahan Advisors LLC now owns 4,189 shares of the information technology services provider’s stock valued at $3,295,000 after buying an additional 62 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Christopher Bedi sold 215 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $700.00, for a total transaction of $150,500.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the transaction, the insider now directly owns 15,892 shares of the company’s stock, valued at $11,124,400. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction on Monday, August 26th. The stock was sold at an average price of $829.68, for a total value of $1,540,715.76. Following the sale, the insider now owns 3,649 shares in the company, valued at $3,027,502.32. The disclosure for this sale can be found here. Insiders have sold 7,129 shares of company stock valued at $5,759,436 in the last three months. 0.25% of the stock is currently owned by insiders.

ServiceNow Stock Up 2.9 %

Shares of NYSE NOW traded up $23.73 during midday trading on Friday, hitting $855.00. 1,916,043 shares of the stock traded hands, compared to its average volume of 1,294,300. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a one year low of $527.24 and a one year high of $857.25. The business has a 50 day moving average price of $789.70 and a two-hundred day moving average price of $760.16. The company has a market cap of $175.28 billion, a PE ratio of 91.44, a P/E/G ratio of 4.82 and a beta of 0.99.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. The business 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. On average, equities analysts predict that ServiceNow, Inc. will post 6.84 EPS for the current year.

Wall Street Analysts Forecast Growth

NOW has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 7th. TD Cowen boosted their price target on ServiceNow from $870.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. BMO Capital Markets raised their price objective on ServiceNow from $830.00 to $860.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Truist Financial boosted their target price on ServiceNow from $750.00 to $780.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $849.62.

About ServiceNow

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.