Ameliora Wealth Management Ltd. decreased its position in ServiceNow, Inc. (NYSE:NOW – Free Report) by 13.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 142 shares of the information technology services provider’s stock after selling 22 shares during the period. Ameliora Wealth Management Ltd.’s holdings in ServiceNow were worth $146,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in NOW. Bogart Wealth LLC grew its holdings in shares of ServiceNow by 113.3% in the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 17 shares during the period. Graybill Wealth Management LTD. acquired a new position in ServiceNow in the 1st quarter worth $26,000. WASHINGTON TRUST Co boosted its stake in ServiceNow by 620.0% in the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 31 shares during the period. Global X Japan Co. Ltd. acquired a new position in ServiceNow in the 2nd quarter worth $30,000. Finally, Dagco Inc. acquired a new position in ServiceNow in the 1st quarter worth $33,000. Institutional investors and hedge funds own 87.18% of the company’s stock.
ServiceNow Stock Up 0.1%
Shares of NOW stock opened at $913.27 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day moving average is $913.22 and its 200-day moving average is $931.27. The stock has a market cap of $189.96 billion, a price-to-earnings ratio of 115.02, a PEG ratio of 4.11 and a beta of 0.92. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of ServiceNow from $1,150.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Needham & Company LLC upped their target price on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. FBN Securities raised shares of ServiceNow to a “strong-buy” rating in a research note on Wednesday, June 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $1,300.00 target price on shares of ServiceNow in a research note on Monday, August 4th. Finally, Jefferies Financial Group upped their target price on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,122.20.
Insider Transactions at ServiceNow
In other ServiceNow news, General Counsel Russell S. Elmer sold 1,698 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $884.26, for a total value of $1,501,473.48. Following the transaction, the general counsel directly owned 4,332 shares of the company’s stock, valued at $3,830,614.32. This represents a 28.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 1,562 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total transaction of $1,353,394.90. Following the completion of the transaction, the insider directly owned 3,027 shares in the company, valued at approximately $2,622,744.15. This represents a 34.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,737 shares of company stock worth $16,798,825. 0.38% of the stock is currently owned by insiders.
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.
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