Dynamic Advisor Solutions LLC Makes New $751,000 Investment in ServiceNow, Inc. (NYSE:NOW)

Dynamic Advisor Solutions LLC bought a new position in shares of ServiceNow, Inc. (NYSE:NOWGet Rating) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,349 shares of the information technology services provider’s stock, valued at approximately $751,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CLARET ASSET MANAGEMENT Corp acquired a new position in shares of ServiceNow in the third quarter valued at approximately $204,000. DNB Asset Management AS increased its stake in shares of ServiceNow by 6.7% in the fourth quarter. DNB Asset Management AS now owns 32,989 shares of the information technology services provider’s stock valued at $21,413,000 after buying an additional 2,085 shares during the period. Walleye Capital LLC increased its stake in shares of ServiceNow by 54.8% in the fourth quarter. Walleye Capital LLC now owns 7,084 shares of the information technology services provider’s stock valued at $4,598,000 after buying an additional 2,507 shares during the period. Lloyd Advisory Services LLC. increased its stake in shares of ServiceNow by 22.5% in the fourth quarter. Lloyd Advisory Services LLC. now owns 125 shares of the information technology services provider’s stock valued at $81,000 after buying an additional 23 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of ServiceNow by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 225,098 shares of the information technology services provider’s stock valued at $146,113,000 after buying an additional 767 shares during the period. 87.20% of the stock is owned by institutional investors.

In other news, COO Chirantan Jitendra Desai sold 7,000 shares of the business’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $477.52, for a total value of $3,342,640.00. Following the completion of the transaction, the chief operating officer now owns 38,980 shares in the company, valued at $18,613,729.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 193 shares of the company’s stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $525.00, for a total value of $101,325.00. Following the sale, the chief financial officer now owns 4,011 shares of the company’s stock, valued at approximately $2,105,775. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,770 shares of company stock worth $8,999,332. 0.28% of the stock is currently owned by insiders.

Shares of NYSE NOW opened at $485.53 on Friday. ServiceNow, Inc. has a 52 week low of $406.47 and a 52 week high of $707.60. The business has a 50-day simple moving average of $464.87 and a two-hundred day simple moving average of $535.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.37. The company has a market cap of $97.33 billion, a P/E ratio of 441.39, a P/E/G ratio of 9.23 and a beta of 1.09.

ServiceNow (NYSE:NOWGet Rating) last issued its earnings results on Wednesday, April 27th. The information technology services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.34 by $0.13. ServiceNow had a return on equity of 8.66% and a net margin of 3.56%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 26.6% compared to the same quarter last year. Equities research analysts anticipate that ServiceNow, Inc. will post 1.73 EPS for the current year.

Several analysts recently commented on NOW shares. BMO Capital Markets reduced their target price on ServiceNow from $635.00 to $570.00 in a report on Wednesday, April 27th. UBS Group reduced their target price on ServiceNow to $570.00 in a report on Wednesday, May 25th. Barclays reduced their target price on ServiceNow from $652.00 to $613.00 in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft reduced their target price on ServiceNow from $700.00 to $680.00 in a report on Thursday, April 28th. Finally, Stifel Nicolaus reduced their target price on ServiceNow from $650.00 to $550.00 in a report on Wednesday, May 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $640.70.

ServiceNow Company Profile (Get Rating)

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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