New York State Common Retirement Fund Has $227.65 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

New York State Common Retirement Fund trimmed its holdings in ServiceNow, Inc. (NYSE:NOW) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,535 shares of the information technology services provider’s stock after selling 17,485 shares during the period. New York State Common Retirement Fund owned 0.12% of ServiceNow worth $227,654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pursue Wealth Partners LLC boosted its position in ServiceNow by 441.7% during the third quarter. Pursue Wealth Partners LLC now owns 1,999 shares of the information technology services provider’s stock worth $1,788,000 after purchasing an additional 1,630 shares during the period. Hills Bank & Trust Co acquired a new stake in shares of ServiceNow during the 3rd quarter worth about $182,000. Focus Financial Network Inc. boosted its holdings in shares of ServiceNow by 0.9% during the 3rd quarter. Focus Financial Network Inc. now owns 13,273 shares of the information technology services provider’s stock worth $11,871,000 after buying an additional 115 shares during the period. LCM Capital Management Inc grew its stake in ServiceNow by 4.6% in the 3rd quarter. LCM Capital Management Inc now owns 409 shares of the information technology services provider’s stock valued at $366,000 after buying an additional 18 shares during the last quarter. Finally, Oak Ridge Investments LLC raised its holdings in ServiceNow by 6.9% in the 3rd quarter. Oak Ridge Investments LLC now owns 10,602 shares of the information technology services provider’s stock valued at $9,482,000 after acquiring an additional 687 shares during the period. 87.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NOW. Piper Sandler boosted their price target on ServiceNow from $850.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price target on shares of ServiceNow from $900.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price objective on shares of ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. KeyCorp increased their target price on shares of ServiceNow from $1,020.00 to $1,040.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Truist Financial lifted their price target on shares of ServiceNow from $780.00 to $900.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $970.33.

ServiceNow Trading Up 0.2 %

Shares of NYSE:NOW traded up $2.28 during mid-day trading on Friday, reaching $935.27. 72,286 shares of the company’s stock were exchanged, compared to its average volume of 1,280,906. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. ServiceNow, Inc. has a twelve month low of $592.48 and a twelve month high of $979.78. The firm has a market capitalization of $192.67 billion, a price-to-earnings ratio of 145.09, a PEG ratio of 5.45 and a beta of 0.99. The business’s fifty day moving average price is $894.59 and its 200-day moving average price is $802.16.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $1.21 EPS. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, research analysts predict that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 353 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the transaction, the insider now owns 3,027 shares in the company, valued at approximately $2,799,853.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jacqueline P. Canney sold 804 shares of ServiceNow stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total value of $652,848.00. Following the completion of the sale, the insider now owns 3,027 shares in the company, valued at $2,457,924. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 353 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $2,799,853.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,530 shares of company stock valued at $2,939,955. 0.25% of the stock is currently owned by company 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.