Paul John Smith Sells 125 Shares of ServiceNow, Inc. (NYSE:NOW) Stock

ServiceNow, Inc. (NYSE:NOW) insider Paul John Smith sold 125 shares of ServiceNow stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total value of $90,922.50. Following the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at approximately $2,263,606.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Paul John Smith also recently made the following trade(s):

• On Wednesday, May 8th, Paul John Smith sold 190 shares of ServiceNow stock. The stock was sold at an average price of $718.78, for a total value of $136,568.20.
• On Tuesday, February 20th, Paul John Smith sold 5,159 shares of ServiceNow stock. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88.

ServiceNow Stock Up 5.4 %

Shares of NYSE NOW opened at $760.48 on Thursday. The company has a 50 day simple moving average of $747.73 and a 200-day simple moving average of $724.10. The company has a market capitalization of $155.90 billion, a P/E ratio of 81.33, a P/E/G ratio of 4.59 and a beta of 0.98. 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, Inc. has a 1 year low of $461.77 and a 1 year high of $815.32.

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 analysts’ consensus estimates of $1.41 by $0.41. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. On average, equities research analysts predict that ServiceNow, Inc. will post 6.49 earnings per share for the current year.

Hedge Funds Weigh In On ServiceNow

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position 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 worth $14,066,715,000 after purchasing an additional 331,797 shares during the period. FMR LLC boosted its position in ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock valued at $2,256,407,000 after buying an additional 595,697 shares during the period. Jennison Associates LLC boosted its position in ServiceNow by 2.2% in the 4th quarter. Jennison Associates LLC now owns 2,521,190 shares of the information technology services provider’s stock valued at $1,781,195,000 after buying an additional 53,719 shares during the period. Norges Bank purchased a new position in ServiceNow in the 4th quarter valued at approximately $1,648,259,000. Finally, Massachusetts Financial Services Co. MA boosted its position in ServiceNow by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,281,748 shares of the information technology services provider’s stock valued at $1,612,032,000 after buying an additional 81,028 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of ServiceNow from $840.00 to $850.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. The Goldman Sachs Group increased their target price on shares of ServiceNow from $800.00 to $910.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. William Blair restated an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 7th. UBS Group lowered their price target on ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Robert W. Baird boosted their price objective on ServiceNow from $870.00 to $885.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus price target of $808.73.

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.