104 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of ServiceNow, Inc. (NYSE:NOW) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 104 shares of the information technology services provider’s stock, valued at approximately $79,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sandbox Financial Partners LLC lifted its position in shares of ServiceNow by 8.6% in the 4th quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 66 shares during the period. Federated Hermes Inc. boosted its position in ServiceNow by 19.8% during the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock valued at $212,033,000 after acquiring an additional 49,631 shares during the last quarter. Raymond James & Associates grew its holdings in ServiceNow by 5.9% during the 4th quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock worth $234,135,000 after acquiring an additional 18,442 shares during the period. Smithfield Trust Co lifted its stake in shares of ServiceNow by 36.4% in the 4th quarter. Smithfield Trust Co now owns 981 shares of the information technology services provider’s stock valued at $691,000 after purchasing an additional 262 shares during the period. Finally, Dohj LLC bought a new stake in shares of ServiceNow during the 4th quarter valued at about $913,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Gina Mastantuono sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $738.88, for a total value of $1,329,984.00. Following the completion of the sale, the chief financial officer now owns 13,290 shares in the company, valued at approximately $9,819,715.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $738.88, for a total value of $1,329,984.00. Following the transaction, the chief financial officer now owns 13,290 shares in the company, valued at approximately $9,819,715.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul John Smith sold 190 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the sale, the insider now owns 3,010 shares of the company’s stock, valued at $2,163,527.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,530 shares of company stock worth $3,997,012. 0.25% of the stock is currently owned by insiders.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $794.11 on Wednesday. The firm has a market capitalization of $162.79 billion, a PE ratio of 84.93, a P/E/G ratio of 4.93 and a beta of 0.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $727.88 and a two-hundred day moving average price of $742.00. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $815.32.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equities analysts forecast that ServiceNow, Inc. will post 6.5 EPS for the current year.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of research analyst reports. BMO Capital Markets lowered their target price on ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 7th. Morgan Stanley raised their price target on shares of ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Wells Fargo & Company upped their price target on ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Finally, UBS Group dropped their price objective on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $813.28.

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.