Lbp Am Sa Sells 14,515 Shares of ServiceNow, Inc. $NOW

Lbp Am Sa decreased its position in ServiceNow, Inc. (NYSE:NOW) by 26.7% during the second quarter, HoldingsChannel.com reports. The fund owned 39,772 shares of the information technology services provider’s stock after selling 14,515 shares during the quarter. Lbp Am Sa’s holdings in ServiceNow were worth $40,889,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NOW. Global X Japan Co. Ltd. bought a new position in shares of ServiceNow during the 2nd quarter valued at approximately $30,000. Bogart Wealth LLC increased its position in shares of ServiceNow by 113.3% during the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in shares of ServiceNow during the 1st quarter valued at approximately $26,000. WASHINGTON TRUST Co increased its position in shares of ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 31 shares during the last quarter. Finally, Dagco Inc. bought a new position in shares of ServiceNow during the 1st quarter valued at approximately $33,000. Institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 1,452 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $895.05, for a total value of $1,299,612.60. Following the completion of the sale, the insider directly owned 457 shares in the company, valued at approximately $409,037.85. This trade represents a 76.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 5,825 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $916.63, for a total value of $5,339,369.75. Following the completion of the sale, the chief executive officer owned 6,614 shares of the company’s stock, valued at approximately $6,062,590.82. This trade represents a 46.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,976 shares of company stock valued at $17,049,775 in the last 90 days. 0.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NOW has been the topic of several analyst reports. Needham & Company LLC boosted their target price on ServiceNow from $1,050.00 to $1,200.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. DA Davidson upped their price objective on ServiceNow from $1,150.00 to $1,250.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Citigroup increased their price target on ServiceNow from $1,160.00 to $1,234.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Bank of America increased their price target on ServiceNow from $1,110.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, Barclays set a $1,210.00 price target on ServiceNow in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,122.20.

ServiceNow Trading Down 2.2%

ServiceNow stock opened at $920.51 on Wednesday. The stock has a 50-day moving average of $918.47 and a two-hundred day moving average of $928.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The stock has a market cap of $191.47 billion, a PE ratio of 115.93, a price-to-earnings-growth ratio of 4.24 and a beta of 0.91.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.52. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period last year, the business posted $3.13 earnings per share. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

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.