ServiceNow, Inc. (NYSE:NOW) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its position in ServiceNow, Inc. (NYSE:NOW) by 10.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 537,269 shares of the information technology services provider’s stock after purchasing an additional 52,601 shares during the quarter. ServiceNow makes up 0.8% of Ensign Peak Advisors Inc’s investment portfolio, making the stock its 20th largest position. Ensign Peak Advisors Inc owned approximately 0.26% of ServiceNow worth $422,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sepio Capital LP raised its position in shares of ServiceNow by 7.8% during the 4th quarter. Sepio Capital LP now owns 1,171 shares of the information technology services provider’s stock worth $827,000 after acquiring an additional 85 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of ServiceNow in the 4th quarter valued at $1,081,000. Quest Partners LLC acquired a new stake in ServiceNow during the 4th quarter worth $167,000. CreativeOne Wealth LLC purchased a new stake in ServiceNow in the fourth quarter valued at $249,000. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of ServiceNow by 28.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 23,145 shares of the information technology services provider’s stock worth $16,351,000 after purchasing an additional 5,095 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Up 2.0 %

NOW opened at $937.36 on Friday. The company has a market cap of $192.16 billion, a price-to-earnings ratio of 100.25, a PEG ratio of 5.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a one year low of $527.24 and a one year high of $940.12. The business’s fifty day moving average is $822.56 and its two-hundred day moving average is $771.23.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.28. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts anticipate that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NOW shares. Robert W. Baird raised their price target on ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Guggenheim reiterated a “sell” rating and issued a $640.00 price target on shares of ServiceNow in a research report on Monday, July 8th. TD Cowen raised their price objective on shares of ServiceNow from $870.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Wells Fargo & Company upped their target price on shares of ServiceNow from $920.00 to $935.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Truist Financial raised their price target on ServiceNow from $750.00 to $780.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, ServiceNow has an average rating of “Moderate Buy” and a consensus target price of $855.44.

Insider Transactions at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the sale, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, General Counsel Russell S. Elmer sold 1,937 shares of ServiceNow stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the completion of the sale, the general counsel now directly owns 6,736 shares in the company, valued at $5,252,800.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the transaction, the chief financial officer now directly owns 11,490 shares in the company, valued at approximately $9,479,250. The disclosure for this sale can be found here. Insiders sold a total of 6,914 shares of company stock valued at $5,608,936 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

About ServiceNow

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.