Partners Capital Investment Group LLP bought a new position in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,345 shares of the information technology services provider’s stock, valued at approximately $729,000.
Several other large investors also recently modified their holdings of NOW. Wealth Watch Advisors INC bought a new stake in shares of ServiceNow in the 3rd quarter worth approximately $29,000. Kelleher Financial Advisors bought a new position in shares of ServiceNow during the third quarter valued at approximately $50,000. Pin Oak Investment Advisors Inc. raised its holdings in shares of ServiceNow by 20.7% during the third quarter. Pin Oak Investment Advisors Inc. now owns 134 shares of the information technology services provider’s stock valued at $123,000 after acquiring an additional 23 shares in the last quarter. Jupiter Wealth Management LLC purchased a new stake in ServiceNow in the second quarter worth $154,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in ServiceNow by 540.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 135 shares during the period. 87.18% of the stock is owned by institutional investors.
Insider Activity at ServiceNow
In other news, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $125.60, for a total value of $188,400.00. Following the sale, the director directly owned 46,690 shares of the company’s stock, valued at $5,864,264. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.34% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Research Report on NOW
ServiceNow Stock Down 0.3%
NYSE:NOW opened at $128.09 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The firm’s 50-day moving average price is $109.36 and its 200-day moving average price is $105.79. The company has a market capitalization of $132.45 billion, a PE ratio of 80.06, a P/E/G ratio of 2.26 and a beta of 0.94. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $194.73.
ServiceNow (NYSE:NOW – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. ServiceNow’s revenue was up 24.0% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS. On average, equities analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current fiscal year.
About ServiceNow
ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.
The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.
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