Doliver Advisors LP lessened its holdings in ServiceNow, Inc. (NYSE:NOW – Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,777 shares of the information technology services provider’s stock after selling 163 shares during the quarter. Doliver Advisors LP’s holdings in ServiceNow were worth $1,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of ServiceNow in the 4th quarter worth about $27,000. Barrett & Company Inc. bought a new stake in shares of ServiceNow in the first quarter worth approximately $28,000. High Net Worth Advisory Group LLC purchased a new position in shares of ServiceNow during the first quarter valued at approximately $29,000. Larson Financial Group LLC lifted its position in ServiceNow by 153.8% during the first quarter. Larson Financial Group LLC now owns 66 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 40 shares during the period. Finally, Resources Management Corp CT ADV boosted its holdings in ServiceNow by 233.3% in the first quarter. Resources Management Corp CT ADV now owns 500 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 87.14% of the company’s stock.

Insider Buying and Selling

In related news, CFO Gina Mastantuono sold 759 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $552.98, for a total transaction of $419,711.82. Following the completion of the sale, the chief financial officer now directly owns 7,357 shares in the company, valued at approximately $4,068,273.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ServiceNow news, insider Paul John Smith sold 355 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $565.16, for a total value of $200,631.80. Following the completion of the sale, the insider now directly owns 2,789 shares in the company, valued at $1,576,231.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Gina Mastantuono sold 759 shares of the stock in a transaction on Friday, July 7th. The shares were sold at an average price of $552.98, for a total value of $419,711.82. Following the sale, the chief financial officer now owns 7,357 shares of the company’s stock, valued at approximately $4,068,273.86. The disclosure for this sale can be found here. Insiders sold 12,451 shares of company stock valued at $6,889,477 over the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

NOW has been the topic of several research analyst reports. BMO Capital Markets increased their price target on ServiceNow from $515.00 to $630.00 in a report on Thursday, July 27th. Guggenheim raised their target price on ServiceNow from $518.00 to $657.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Needham & Company LLC reiterated a “buy” rating and issued a $660.00 price objective on shares of ServiceNow in a research note on Friday, August 4th. Mizuho boosted their target price on shares of ServiceNow from $510.00 to $620.00 in a research report on Monday, July 17th. Finally, Sanford C. Bernstein lifted their price target on shares of ServiceNow from $586.00 to $665.00 in a research note on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $591.38.

Check Out Our Latest Research Report on NOW

ServiceNow Stock Up 1.3 %

Shares of NOW traded up $7.47 during midday trading on Tuesday, reaching $598.35. 400,391 shares of the stock were exchanged, compared to its average volume of 1,489,484. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $567.00 and its two-hundred day moving average is $508.63. The company has a market capitalization of $121.91 billion, a P/E ratio of 84.88, a PEG ratio of 5.96 and a beta of 1.01. ServiceNow, Inc. has a 52 week low of $337.00 and a 52 week high of $614.36.

ServiceNow (NYSE:NOW – Get Free Report) last posted its earnings results on Wednesday, July 26th. The information technology services provider reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. ServiceNow had a net margin of 17.76% and a return on equity of 11.07%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.13 billion. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 3.59 earnings per share for the current year.

ServiceNow Company Profile

(Free Report)

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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