WESPAC Advisors SoCal LLC raised its stake in ServiceNow, Inc. (NYSE:NOW – Free Report) by 18.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,625 shares of the information technology services provider’s stock after purchasing an additional 574 shares during the period. WESPAC Advisors SoCal LLC’s holdings in ServiceNow were worth $2,764,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in NOW. Argonautica Private Wealth Management Inc. boosted its holdings in ServiceNow by 1.0% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,376 shares of the information technology services provider’s stock worth $972,000 after purchasing an additional 13 shares during the last quarter. Wealth Management Partners LLC increased its holdings in ServiceNow by 2.7% during the 4th quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 14 shares during the period. Oliver Lagore Vanvalin Investment Group increased its holdings in ServiceNow by 30.4% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 14 shares during the period. Optas LLC increased its holdings in ServiceNow by 1.7% during the 1st quarter. Optas LLC now owns 815 shares of the information technology services provider’s stock worth $621,000 after acquiring an additional 14 shares during the period. Finally, Trust Co. of Vermont increased its holdings in ServiceNow by 8.6% during the 3rd quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 15 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Nicholas Tzitzon sold 2,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $690.99, for a total value of $1,381,980.00. Following the completion of the transaction, the insider now directly owns 3,649 shares of the company’s stock, valued at approximately $2,521,422.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Nicholas Tzitzon sold 2,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $690.99, for a total value of $1,381,980.00. Following the completion of the transaction, the insider now directly owns 3,649 shares of the company’s stock, valued at approximately $2,521,422.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Paul John Smith sold 125 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $727.38, for a total value of $90,922.50. Following the completion of the transaction, the insider now directly owns 3,112 shares of the company’s stock, valued at $2,263,606.56. The disclosure for this sale can be found here. Insiders have sold 5,530 shares of company stock worth $3,997,012 in the last quarter. Corporate insiders own 0.25% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Stock Report on NOW
ServiceNow Stock Performance
Shares of NYSE NOW traded up $2.29 during trading on Monday, reaching $788.96. 1,084,301 shares of the company traded hands, compared to its average volume of 1,283,481. The firm has a 50 day simple moving average of $726.55 and a 200-day simple moving average of $741.24. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $161.74 billion, a PE ratio of 84.38, a P/E/G ratio of 4.93 and a beta of 0.99. ServiceNow, Inc. has a 52-week low of $527.24 and a 52-week high of $815.32.
ServiceNow (NYSE:NOW – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.41 by $0.41. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. The business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. Equities research analysts anticipate that ServiceNow, Inc. will post 6.5 earnings per share for the current 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.
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