Envestnet Portfolio Solutions Inc. lowered its position in ServiceNow, Inc. (NYSE:NOW – Free Report) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,883 shares of the information technology services provider’s stock after selling 1,316 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in ServiceNow were worth $21,469,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of NOW. Vanguard Group Inc. grew its stake in shares of ServiceNow by 1.6% during the first quarter. Vanguard Group Inc. now owns 19,496,992 shares of the information technology services provider’s stock worth $15,522,335,000 after purchasing an additional 297,734 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ServiceNow by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,843,117 shares of the information technology services provider’s stock worth $2,263,519,000 after acquiring an additional 188,292 shares in the last quarter. Nuveen LLC acquired a new position in shares of ServiceNow during the 1st quarter worth about $1,817,535,000. Alliancebernstein L.P. increased its holdings in shares of ServiceNow by 16.2% in the 1st quarter. Alliancebernstein L.P. now owns 1,732,686 shares of the information technology services provider’s stock valued at $1,379,461,000 after acquiring an additional 242,132 shares during the last quarter. Finally, Amundi raised its position in shares of ServiceNow by 61.9% during the 1st quarter. Amundi now owns 1,638,927 shares of the information technology services provider’s stock worth $1,269,777,000 after acquiring an additional 626,623 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other ServiceNow news, Director Anita M. Sands sold 1,097 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $915.11, for a total value of $1,003,875.67. Following the sale, the director owned 9,307 shares of the company’s stock, valued at approximately $8,516,928.77. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the firm’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total transaction of $1,489,427.55. Following the transaction, the insider owned 3,000 shares of the company’s stock, valued at $2,599,350. This trade represents a 36.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,737 shares of company stock valued at $16,798,825 in the last quarter. Insiders own 0.38% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on ServiceNow
ServiceNow Stock Performance
NYSE NOW opened at $888.63 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $909.21 and its two-hundred day moving average is $932.99. The stock has a market capitalization of $184.84 billion, a price-to-earnings ratio of 111.92, a PEG ratio of 4.00 and a beta of 0.92. ServiceNow, Inc. has a 12-month low of $678.66 and a 12-month high of $1,198.09.
ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, topping 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 firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.12 billion. During the same quarter in the prior year, the company posted $3.13 earnings per share. ServiceNow’s quarterly revenue was up 22.4% on a year-over-year basis. Research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current 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.
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