ServiceNow, Inc. (NYSE:NOW) Shares bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in ServiceNow, Inc. (NYSE:NOW – Free Report) by 61.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168 shares of the information technology services provider’s stock after acquiring an additional 64 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in ServiceNow were worth $132,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NOW. M&G Plc purchased a new position in shares of ServiceNow in the first quarter valued at about $11,030,000. Smithfield Trust Co increased its position in ServiceNow by 36.4% during the 4th quarter. Smithfield Trust Co now owns 981 shares of the information technology services provider’s stock worth $691,000 after buying an additional 262 shares. shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in shares of ServiceNow by 9.4% in the first quarter. New Mexico Educational Retirement Board now owns 11,650 shares of the information technology services provider’s stock valued at $8,882,000 after acquiring an additional 1,000 shares during the last quarter. Empirical Financial Services LLC dba Empirical Wealth Management lifted its position in ServiceNow by 375.6% in the first quarter. Empirical Financial Services LLC dba Empirical Wealth Management now owns 1,365 shares of the information technology services provider’s stock valued at $1,041,000 after buying an additional 1,078 shares during the period. Finally, Summa Corp. acquired a new position in shares of ServiceNow in the 4th quarter valued at about $381,000. 87.18% of the shares are currently owned by institutional investors and hedge funds.

ServiceNow Stock Performance

NYSE:NOW opened at $855.00 on Monday. ServiceNow, Inc. it has a 52-week low of $527.24 and a 52-week high of $857.25. The company has a fifty day simple moving average of $791.80 and a two hundred day simple moving average of $760.31. The company has a quick ratio of 1.12, a current ratio of 1.12, and a debt-to-equity ratio of 0.17. The company has a market cap of $176.13 billion, a price-to-earnings ratio of 91.44, a price-to-earnings-growth ratio of 5.13 and a beta of 0.99.

ServiceNow (NYSE:NOW – Get Your Free Report ) last released its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.85 by $0.28. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. ServiceNow’s revenue for the quarter was up 22.2% year over year. During the same period in the previous year, the firm posted EPS of $0.77. As a group, equities analysts anticipate that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

Insider buying and selling

In other news, insider Nicholas Tzitzon sold 1,857 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $829.68, for a total value of $1,540,715.76. Following the sale, the insider now directly owns 3,649 shares in the company, valued at approximately $3,027,502.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the completion of the sale, the general counsel now owns 6,736 shares in the company, valued at approximately $5,252,800.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Also, insider Nicholas Tzitzon sold 1,857 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the completion of the transaction, the insider now directly owns 3,649 shares in the company, valued at $3,027,502.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,129 shares of company stock worth $5,759,436. Company insiders own 0.25% of the company’s shares.

Changes in Analyst Ratings

A number of equities research analysts have recently commented on NOW shares. Canaccord Genuity Group reaffirmed a “buy” rating and set a $835.00 price objective on shares of ServiceNow in a research note on Tuesday, July 23rd. TD Cowen lifted their price target on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Guggenheim reissued a “sell” rating and issued a $640.00 price objective on shares of ServiceNow in a report on Monday, July 8th. Wells Fargo & Company boosted their price target on ServiceNow from $920.00 to $935.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Finally, Piper Sandler raised their target price on shares of ServiceNow from $830.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $849.62, according to MarketBeat .

Check out the latest stock report on NOW

ServiceNow Company Profile

(Free report)

ServiceNow, Inc provides end-to-end intelligent workflow automation platform solutions for digital businesses in North America, Europe, 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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