CCLA Investment Management Purchases 188 Shares of ServiceNow, Inc. $NOW

CCLA Investment Management grew its position in ServiceNow, Inc. (NYSE:NOW) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,309 shares of the information technology services provider’s stock after acquiring an additional 188 shares during the quarter. CCLA Investment Management’s holdings in ServiceNow were worth $85,570,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC lifted its position in shares of ServiceNow by 113.3% in the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 17 shares during the period. Graybill Wealth Management LTD. bought a new position in shares of ServiceNow during the 1st quarter worth approximately $26,000. WASHINGTON TRUST Co lifted its position in shares of ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock worth $29,000 after buying an additional 31 shares during the period. Global X Japan Co. Ltd. bought a new position in shares of ServiceNow during the 2nd quarter worth approximately $30,000. Finally, LGT Financial Advisors LLC bought a new position in shares of ServiceNow during the 2nd quarter worth approximately $32,000. Institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JMP Securities restated a “market outperform” rating and set a $1,300.00 target price on shares of ServiceNow in a research report on Monday, August 4th. Needham & Company LLC raised their target price on ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley upgraded ServiceNow from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,040.00 to $1,250.00 in a research report on Wednesday, September 24th. Erste Group Bank restated a “hold” rating on shares of ServiceNow in a research report on Wednesday, July 23rd. Finally, DA Davidson raised their target price on ServiceNow from $1,150.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average target price of $1,124.17.

Insider Buying and Selling

In other news, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $866.45, for a total value of $1,489,427.55. Following the completion of the sale, the insider directly owned 3,000 shares in the company, valued at approximately $2,599,350. This trade represents a 36.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Anita M. Sands sold 1,097 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $915.11, for a total value of $1,003,875.67. Following the completion of the sale, the director owned 9,307 shares of the company’s stock, valued at approximately $8,516,928.77. This trade represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,737 shares of company stock valued at $16,798,825 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

ServiceNow Stock Performance

Shares of NYSE:NOW opened at $929.77 on Monday. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The firm has a market cap of $193.39 billion, a PE ratio of 117.10, a price-to-earnings-growth ratio of 4.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The business has a fifty day moving average of $917.85 and a 200-day moving average of $943.26.

ServiceNow 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.