Prudential PLC Has $17.24 Million Stake in ServiceNow, Inc. (NYSE:NOW)

Prudential PLC raised its holdings in ServiceNow, Inc. (NYSE:NOWFree Report) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,405 shares of the information technology services provider’s stock after purchasing an additional 2,934 shares during the period. Prudential PLC’s holdings in ServiceNow were worth $17,242,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jump Financial LLC acquired a new position in ServiceNow in the 3rd quarter valued at approximately $525,000. Great Lakes Advisors LLC raised its holdings in shares of ServiceNow by 80.6% in the third quarter. Great Lakes Advisors LLC now owns 892 shares of the information technology services provider’s stock valued at $499,000 after purchasing an additional 398 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of ServiceNow by 19.2% in the third quarter. Avantax Advisory Services Inc. now owns 2,978 shares of the information technology services provider’s stock valued at $1,665,000 after purchasing an additional 479 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in ServiceNow by 4.3% during the third quarter. Atria Wealth Solutions Inc. now owns 10,447 shares of the information technology services provider’s stock worth $5,839,000 after buying an additional 428 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in ServiceNow by 24.1% during the third quarter. Gamco Investors INC. ET AL now owns 10,612 shares of the information technology services provider’s stock worth $5,932,000 after buying an additional 2,059 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Activity at ServiceNow

In other ServiceNow news, insider Christopher Bedi sold 215 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total transaction of $150,500.00. Following the completion of the transaction, the insider now directly owns 15,892 shares of the company’s stock, valued at approximately $11,124,400. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Nicholas Tzitzon sold 2,000 shares of ServiceNow stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $690.99, for a total transaction of $1,381,980.00. Following the completion of the sale, the insider now owns 3,649 shares of the company’s stock, valued at $2,521,422.51. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Christopher Bedi sold 215 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the sale, the insider now directly owns 15,892 shares of the company’s stock, valued at approximately $11,124,400. The disclosure for this sale can be found here. Insiders have sold a total of 5,530 shares of company stock worth $3,997,012 in the last three months. 0.25% of the stock is owned by company insiders.

ServiceNow Trading Down 0.6 %

NOW stock traded down $4.35 during trading on Friday, reaching $698.81. 1,122,703 shares of the stock traded hands, compared to its average volume of 1,564,719. ServiceNow, Inc. has a 52-week low of $526.11 and a 52-week high of $815.32. The business’s 50 day moving average price is $732.59 and its 200-day moving average price is $735.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $143.26 billion, a PE ratio of 74.74, a P/E/G ratio of 4.41 and a beta of 0.96.

ServiceNow (NYSE:NOWGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 6.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NOW. Stifel Nicolaus reiterated a “buy” rating and set a $820.00 target price on shares of ServiceNow in a research report on Wednesday, March 20th. Robert W. Baird boosted their price objective on shares of ServiceNow from $870.00 to $885.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. StockNews.com cut shares of ServiceNow from a “buy” rating to a “hold” rating in a report on Friday, April 26th. JMP Securities restated a “market outperform” rating and set a $825.00 target price on shares of ServiceNow in a report on Tuesday, May 7th. Finally, KeyCorp dropped their price target on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $814.48.

View Our Latest Stock Report on ServiceNow

ServiceNow Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.