Mizuho Securities Co. Ltd. Sells 570 Shares of ServiceNow, Inc. (NYSE:NOW)

Mizuho Securities Co. Ltd. cut its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 59.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390 shares of the information technology services provider’s stock after selling 570 shares during the period. ServiceNow comprises approximately 0.9% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 29th largest holding. Mizuho Securities Co. Ltd.’s holdings in ServiceNow were worth $349,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Haverford Trust Co increased its position in ServiceNow by 7.1% in the 3rd quarter. Haverford Trust Co now owns 1,169 shares of the information technology services provider’s stock valued at $1,046,000 after acquiring an additional 78 shares in the last quarter. Empower Advisory Group LLC increased its holdings in shares of ServiceNow by 1.2% in the third quarter. Empower Advisory Group LLC now owns 3,416 shares of the information technology services provider’s stock valued at $3,055,000 after purchasing an additional 40 shares in the last quarter. Aptus Capital Advisors LLC raised its position in ServiceNow by 20.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 33,850 shares of the information technology services provider’s stock worth $30,275,000 after purchasing an additional 5,803 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in ServiceNow by 8.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 12,925 shares of the information technology services provider’s stock valued at $11,560,000 after buying an additional 1,044 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of ServiceNow in the 3rd quarter valued at $378,000. 87.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Jefferies Financial Group lifted their price objective on ServiceNow from $900.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. KeyCorp raised their price objective on shares of ServiceNow from $1,020.00 to $1,040.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Mizuho increased their price target on ServiceNow from $850.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Truist Financial upped their price objective on ServiceNow from $780.00 to $900.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein raised their target price on ServiceNow from $906.00 to $913.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $974.04.

ServiceNow Stock Up 0.7 %

NYSE NOW traded up $7.86 during mid-day trading on Wednesday, hitting $1,056.15. The company’s stock had a trading volume of 345,618 shares, compared to its average volume of 1,276,305. ServiceNow, Inc. has a twelve month low of $637.99 and a twelve month high of $1,058.16. The firm has a market capitalization of $217.57 billion, a price-to-earnings ratio of 164.29, a PEG ratio of 6.02 and a beta of 0.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The company’s 50 day simple moving average is $920.45 and its 200 day simple moving average is $818.12.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. 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 firm earned $1.21 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. Analysts anticipate that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total value of $76,831.44. Following the sale, the insider now directly owns 3,027 shares in the company, valued at $3,060,115.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Kevin Thomas Mcbride sold 100 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $825.00, for a total value of $82,500.00. Following the sale, the insider now directly owns 2,994 shares of the company’s stock, valued at approximately $2,470,050. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 76 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the completion of the sale, the insider now owns 3,027 shares in the company, valued at $3,060,115.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,359 shares of company stock valued at $5,038,241. Company insiders own 0.25% of the company’s stock.

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.