3,405 Shares in ServiceNow, Inc. (NYSE:NOW) Acquired by HWG Holdings LP

HWG Holdings LP acquired a new position in shares of ServiceNow, Inc. (NYSE:NOW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,405 shares of the information technology services provider’s stock, valued at approximately $2,679,000. ServiceNow makes up 1.0% of HWG Holdings LP’s holdings, making the stock its 23rd biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC purchased a new position in ServiceNow during the first quarter worth approximately $25,000. Versant Capital Management Inc increased its stake in ServiceNow by 466.7% during the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after acquiring an additional 28 shares during the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new stake in ServiceNow during the fourth quarter worth $29,000. EntryPoint Capital LLC increased its stake in ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 39 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in ServiceNow during the second quarter worth $32,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the completion of the transaction, the general counsel now owns 6,736 shares in the company, valued at approximately $5,252,800.16. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the completion of the transaction, the general counsel now owns 6,736 shares in the company, valued at approximately $5,252,800.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul John Smith sold 187 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $795.58, for a total transaction of $148,773.46. Following the completion of the transaction, the insider now owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,914 shares of company stock valued at $5,608,936. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NOW has been the subject of several recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $835.00 target price on shares of ServiceNow in a research note on Tuesday, July 23rd. Stifel Nicolaus raised their target price on ServiceNow from $820.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company raised their target price on ServiceNow from $920.00 to $935.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Guggenheim reissued a “sell” rating and set a $640.00 target price on shares of ServiceNow in a research note on Monday, July 8th. Finally, KeyCorp dropped their price objective on ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $855.44.

ServiceNow Trading Down 0.3 %

NYSE:NOW opened at $881.79 on Monday. The firm has a market cap of $180.77 billion, a PE ratio of 94.31, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $837.59 and a 200 day moving average price of $776.29. ServiceNow, Inc. has a 12-month low of $527.24 and a 12-month high of $945.46.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 EPS. Sell-side analysts anticipate that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

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.