Evergreen Capital Management LLC lowered its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 49.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,325 shares of the information technology services provider's stock after selling 1,284 shares during the period. Evergreen Capital Management LLC's holdings in ServiceNow were worth $1,042,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Trexquant Investment LP purchased a new position in shares of ServiceNow during the 4th quarter worth $1,081,000. Quest Partners LLC bought a new stake in ServiceNow during the fourth quarter valued at about $167,000. Intech Investment Management LLC grew its holdings in ServiceNow by 47.5% during the fourth quarter. Intech Investment Management LLC now owns 1,161 shares of the information technology services provider's stock valued at $820,000 after purchasing an additional 374 shares during the period. Hilltop Holdings Inc. increased its position in ServiceNow by 11.8% in the fourth quarter. Hilltop Holdings Inc. now owns 599 shares of the information technology services provider's stock worth $423,000 after buying an additional 63 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of ServiceNow by 0.4% during the 4th quarter. Parallel Advisors LLC now owns 4,477 shares of the information technology services provider's stock valued at $3,163,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.
NOW stock opened at $923.60 on Wednesday. The stock has a market cap of $190.26 billion, a PE ratio of 98.78, a P/E/G ratio of 5.55 and a beta of 0.98. ServiceNow, Inc. has a 12 month low of $527.24 and a 12 month high of $945.46. The company has a 50-day moving average price of $828.97 and a 200 day moving average price of $773.93. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.
ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the previous year, the business earned $0.77 earnings per share. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts anticipate that ServiceNow, Inc. will post 6.78 earnings per share for the current year.
In other news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow 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 completion of the sale, the chief financial officer now directly owns 11,490 shares in the company, valued at $9,479,250. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other ServiceNow news, General Counsel Russell S. Elmer sold 1,937 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total value 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 approximately $5,252,800.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the completion of the sale, the chief financial officer now directly owns 11,490 shares of the company's stock, valued at approximately $9,479,250. The disclosure for this sale can be found here. Insiders have sold 6,914 shares of company stock valued at $5,608,936 in the last quarter. 0.25% of the stock is owned by insiders.
Several research firms recently issued reports on NOW. Piper Sandler increased their target price on shares of ServiceNow from $830.00 to $850.00 and gave the stock an "overweight" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of ServiceNow from $780.00 to $820.00 and gave the stock an "overweight" rating in a research note on Thursday, July 25th. TD Cowen lifted their target price on shares of ServiceNow from $870.00 to $900.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. JMP Securities raised their price target on ServiceNow from $825.00 to $850.00 and gave the company a "market outperform" rating in a report on Thursday, July 25th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a $835.00 price objective on shares of ServiceNow in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $855.44.
Check Out Our Latest Analysis on NOW
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.
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