WealthCare Investment Partners LLC Sells 311 Shares of ServiceNow, Inc. (NYSE:NOW)

WealthCare Investment Partners LLC decreased its holdings in ServiceNow, Inc. (NYSE:NOW) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,390 shares of the information technology services provider’s stock after selling 311 shares during the quarter. WealthCare Investment Partners LLC’s holdings in ServiceNow were worth $1,352,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. New Hampshire Trust boosted its position in ServiceNow by 4.0% during the first quarter. New Hampshire Trust now owns 599 shares of the information technology services provider’s stock valued at $278,000 after acquiring an additional 23 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of ServiceNow by 1.4% during the 1st quarter. Miracle Mile Advisors LLC now owns 1,666 shares of the information technology services provider’s stock worth $774,000 after purchasing an additional 23 shares in the last quarter. Sigma Planning Corp boosted its position in shares of ServiceNow by 0.9% during the 1st quarter. Sigma Planning Corp now owns 2,454 shares of the information technology services provider’s stock worth $1,141,000 after purchasing an additional 23 shares in the last quarter. Alera Investment Advisors LLC boosted its position in shares of ServiceNow by 2.7% during the 1st quarter. Alera Investment Advisors LLC now owns 928 shares of the information technology services provider’s stock worth $431,000 after purchasing an additional 24 shares in the last quarter. Finally, Mirova boosted its position in shares of ServiceNow by 1.0% during the 4th quarter. Mirova now owns 2,525 shares of the information technology services provider’s stock worth $980,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 87.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NOW shares. Guggenheim upped their target price on shares of ServiceNow from $518.00 to $657.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Bank of America increased their price objective on shares of ServiceNow from $600.00 to $700.00 in a research note on Wednesday, July 19th. Piper Sandler increased their price objective on shares of ServiceNow from $525.00 to $600.00 in a research note on Friday, June 9th. HSBC assumed coverage on shares of ServiceNow in a research note on Friday. They issued a “buy” rating and a $704.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on shares of ServiceNow from $600.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $594.79.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Christopher Bedi sold 1,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $560.85, for a total value of $560,850.00. Following the transaction, the insider now owns 14,121 shares in the company, valued at $7,919,762.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Russell S. Elmer sold 1,223 shares of ServiceNow stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $546.99, for a total transaction of $668,968.77. Following the sale, the general counsel now owns 4,136 shares of the company’s stock, valued at approximately $2,262,350.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Bedi sold 1,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $560.85, for a total transaction of $560,850.00. Following the sale, the insider now directly owns 14,121 shares in the company, valued at approximately $7,919,762.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,951 shares of company stock worth $10,147,437. 0.28% of the stock is currently owned by company insiders.

ServiceNow Price Performance

Shares of ServiceNow stock traded down $7.61 on Tuesday, hitting $570.90. 413,443 shares of the company traded hands, compared to its average volume of 1,455,077. The firm’s 50-day simple moving average is $574.04 and its 200 day simple moving average is $518.80. 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 has a market cap of $116.32 billion, a P/E ratio of 83.36, a P/E/G ratio of 5.85 and a beta of 1.01. ServiceNow, Inc. has a 12-month low of $337.00 and a 12-month high of $614.36.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 26th. The information technology services provider reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.13 billion. ServiceNow had a net margin of 17.76% and a return on equity of 11.07%. Analysts expect that ServiceNow, Inc. will post 3.59 earnings per share for the current fiscal year.

ServiceNow Profile

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.