Railway Pension Investments Ltd Sells 19,900 Shares of ServiceNow, Inc. (NYSE:NOW)

Railway Pension Investments Ltd decreased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,700 shares of the information technology services provider’s stock after selling 19,900 shares during the period. ServiceNow accounts for approximately 2.0% of Railway Pension Investments Ltd’s holdings, making the stock its 5th biggest holding. Railway Pension Investments Ltd owned about 0.13% of ServiceNow worth $203,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new position in ServiceNow during the 1st quarter worth about $25,000. EntryPoint Capital LLC lifted its position in ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after buying an additional 39 shares in the last quarter. University of Texas Texas AM Investment Managment Co. bought a new stake in ServiceNow during the 4th quarter worth about $29,000. AdvisorNet Financial Inc raised its holdings in ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Sachetta LLC bought a new stake in ServiceNow during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jonathan Chadwick 3,391 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Jonathan Chadwick 3,391 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul John Smith sold 125 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $727.38, for a total value of $90,922.50. Following the completion of the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at approximately $2,263,606.56. The disclosure for this sale can be found here. Insiders sold a total of 7,330 shares of company stock valued at $5,482,012 in the last quarter. 0.25% of the stock is currently owned by insiders.

ServiceNow Stock Down 2.6 %

NYSE:NOW traded down $20.74 during trading hours on Friday, reaching $790.64. 1,568,867 shares of the stock were exchanged, compared to its average volume of 1,722,103. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $850.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a 50 day moving average of $747.96 and a 200 day moving average of $753.82. The stock has a market cap of $162.87 billion, a PE ratio of 84.56, a PEG ratio of 4.82 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the prior year, the firm posted $0.77 EPS. The business’s revenue was up 22.2% on a year-over-year basis. On average, equities analysts expect that ServiceNow, Inc. will post 6.84 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Canaccord Genuity Group reissued a “buy” rating and set a $835.00 price objective on shares of ServiceNow in a report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on ServiceNow from $850.00 to $880.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their price objective on ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Citigroup boosted their price objective on ServiceNow from $909.00 to $911.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, UBS Group lowered their price target on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $842.22.

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.