ServiceNow, Inc. (NYSE:NOW) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in ServiceNow, Inc. (NYSE:NOW) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,375 shares of the information technology services provider’s stock after purchasing an additional 180 shares during the quarter. Texas Permanent School Fund Corp’s holdings in ServiceNow were worth $32,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NOW. Riggs Asset Managment Co. Inc. boosted its holdings in shares of ServiceNow by 1.0% in the first quarter. Riggs Asset Managment Co. Inc. now owns 2,822 shares of the information technology services provider’s stock valued at $2,151,000 after acquiring an additional 27 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of ServiceNow in the first quarter valued at approximately $370,000. Csenge Advisory Group boosted its holdings in shares of ServiceNow by 2.5% in the first quarter. Csenge Advisory Group now owns 794 shares of the information technology services provider’s stock valued at $605,000 after acquiring an additional 19 shares in the last quarter. Eos Management L.P. bought a new position in shares of ServiceNow in the first quarter valued at approximately $488,000. Finally, Signaturefd LLC boosted its holdings in shares of ServiceNow by 6.9% in the first quarter. Signaturefd LLC now owns 3,610 shares of the information technology services provider’s stock valued at $2,752,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $900.00 price objective on shares of ServiceNow in a report on Monday. Citigroup raised their target price on shares of ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Robert W. Baird raised their target price on shares of ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a 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. Finally, Jefferies Financial Group raised their target price on shares of ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and an average price target of $812.60.

Insider Activity

In other news, insider Christopher Bedi sold 215 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $700.00, for a total transaction of $150,500.00. Following the transaction, the insider now owns 15,892 shares in the company, valued at approximately $11,124,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $690.99, for a total value of $1,381,980.00. Following the transaction, the insider now owns 3,649 shares in the company, valued at approximately $2,521,422.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Bedi sold 215 shares of ServiceNow 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 owns 15,892 shares in the company, valued at approximately $11,124,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,530 shares of company stock worth $3,997,012. 0.25% of the stock is owned by corporate insiders.

ServiceNow Stock Up 0.8 %

NOW stock traded up $5.99 during midday trading on Thursday, reaching $749.14. The company had a trading volume of 1,088,791 shares, compared to its average volume of 1,291,310. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $815.32. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $153.57 billion, a P/E ratio of 79.90, a PEG ratio of 4.80 and a beta of 0.99. The company has a 50 day moving average of $735.85 and a two-hundred day moving average of $745.37.

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

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.