Dupont Capital Management Corp Has $11.56 Million Stock Position in ServiceNow, Inc. (NYSE:NOW)

Dupont Capital Management Corp lowered its position in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,363 shares of the information technology services provider’s stock after selling 426 shares during the quarter. Dupont Capital Management Corp’s holdings in ServiceNow were worth $11,560,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. PFG Private Wealth Management LLC acquired a new stake in shares of ServiceNow during the 3rd quarter worth about $28,000. First Capital Advisors Group LLC. acquired a new stake in ServiceNow in the 2nd quarter valued at about $29,000. High Net Worth Advisory Group LLC acquired a new stake in ServiceNow in the 1st quarter valued at about $29,000. AdvisorNet Financial Inc increased its position in ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Finally, Steward Financial Group LLC increased its position in ServiceNow by 125.0% in the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

NOW has been the subject of several research reports. UBS Group raised their price objective on shares of ServiceNow from $865.00 to $885.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. BMO Capital Markets raised their target price on shares of ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Needham & Company LLC raised their target price on shares of ServiceNow from $660.00 to $900.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Citigroup raised their target price on shares of ServiceNow from $862.00 to $896.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, KeyCorp assumed coverage on shares of ServiceNow in a research note on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $762.96.

Read Our Latest Research Report on NOW

Insider Buying and Selling

In related news, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the transaction, the insider now directly owns 5,453 shares in the company, valued at $4,064,229.96. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now directly owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,164 shares of company stock worth $9,940,303. Insiders own 0.28% of the company’s stock.

ServiceNow Price Performance

NYSE NOW opened at $757.00 on Wednesday. The company has a market capitalization of $155.19 billion, a PE ratio of 90.01, a price-to-earnings-growth ratio of 4.89 and a beta of 0.97. ServiceNow, Inc. has a 12-month low of $427.68 and a 12-month high of $815.32. The firm’s 50 day moving average is $770.51 and its 200-day moving average is $684.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.20.

ServiceNow (NYSE:NOWGet Free Report) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share. Equities research analysts anticipate that ServiceNow, Inc. will post 6.11 earnings per share for the current fiscal year.

About ServiceNow

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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