GHP Investment Advisors Inc. sell 37 shares of ServiceNow, Inc. (NYSE:NOW)

GHP Investment Advisors Inc. reduced its holdings in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 28.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92 shares of the information technology services provider’s stock after selling 37 shares during the quarter. Holdings of GHP Investment Advisors Inc. in ServiceNow were worth $72,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Creekmur Asset Management LLC bought a new position in ServiceNow in the first quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares in the last quarter. EntryPoint Capital LLC boosted its stake in ServiceNow by 3,900.0% in the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 39 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in ServiceNow in the 4th quarter valued at $29,000. Finally, Ridgewood Investments LLC purchased a new position in ServiceNow in the second quarter valued at approximately $32,000. 87.18% of the shares are currently owned by institutional investors and hedge funds.

Insiders place their bets

In other news, insider Jacqueline P. Canney sold 94 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $825.92, for a total value of $77,636.48. Following the transaction, the insider now owns 4,019 shares in the company, valued at $3,319,372.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, insider Jacqueline P. Canney sold 94 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $825.92, for a total transaction of $77,636.48. Following the transaction, the insider now directly owns 4,019 shares in the company, valued at $3,319,372.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction that occurred 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 transaction, the insider now directly owns 3,649 shares in the company, valued at approximately $3,027,502.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,914 shares of company stock worth $5,608,936. Corporate insiders own 0.25% of the company’s shares.

Analysts set new price targets

Several analysts recently weighed in on NOW shares. Robert W. Baird boosted their price target on ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Stifel Nicolaus boosted their price target on shares of ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of ServiceNow from $875.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. JMP Securities boosted their price objective on ServiceNow from $825.00 to $850.00 and gave the company a “market outperform” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada lifted their price target on ServiceNow from $850.00 to $880.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Moderate Buy” and a consensus price target of $849.62, according to MarketBeat.com.

Check out our latest research report on NOW

ServiceNow trading down 0.8%

NYSE NOW opened at $878.95 on Friday. ServiceNow, Inc. it has a 52-week low of $527.24 and a 52-week high of $889.52. The company has a 50-day moving average price of $807.22 and a 200-day moving average price of $766.50. 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 $181.06 billion, a price-to-earnings ratio of 94.01, a P/E/G ratio of 5.25 and a beta of 0.98.

ServiceNow (NYSE:NOW – Get Your Free Report ) last released its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.28. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The company’s revenue increased by 22.2% year-on-year. In the same quarter last year, the company posted earnings of $0.77 per share. As a group, equities analysts expect ServiceNow, Inc. to post 6.78 earnings per share for the current fiscal year.

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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