Richelieu Gestion SA Acquires 250 Shares of ServiceNow, Inc. (NYSE:NOW)

Richelieu Gestion SA boosted its stake in ServiceNow, Inc. (NYSE:NOW) by 2,500.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260 shares of the information technology services provider’s stock after buying an additional 250 shares during the quarter. Richelieu Gestion SA’s holdings in ServiceNow were worth $198,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. acquired a new position in ServiceNow during the 4th quarter valued at about $29,000. AdvisorNet Financial Inc grew 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 acquiring an additional 32 shares during the period. Disciplined Equity Management Inc. acquired a new position in shares of ServiceNow in the 4th quarter valued at $35,000. Sachetta LLC bought a new position in shares of ServiceNow in the 4th quarter worth $35,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of ServiceNow during the fourth quarter worth $41,000. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Paul John Smith sold 125 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the transaction, the insider now directly owns 3,112 shares in the company, valued at $2,263,606.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Christopher Bedi sold 215 shares of ServiceNow stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the sale, the insider now owns 15,892 shares in the company, valued at approximately $11,124,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul John Smith sold 125 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the transaction, the insider now directly owns 3,112 shares in the company, valued at $2,263,606.56. The disclosure for this sale can be found here. Insiders have sold a total of 5,530 shares of company stock valued at $3,997,012 over the last 90 days. 0.25% of the stock is owned by insiders.

ServiceNow Price Performance

NOW stock traded down $1.83 during trading on Wednesday, reaching $752.98. 521,435 shares of the company were exchanged, compared to its average volume of 1,278,535. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $815.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $154.36 billion, a price-to-earnings ratio of 81.06, a P/E/G ratio of 4.73 and a beta of 0.96. The company has a 50-day moving average of $723.87 and a two-hundred day moving average of $739.98.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NOW shares. Guggenheim restated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. Needham & Company LLC reiterated a “buy” rating and issued a $900.00 target price on shares of ServiceNow in a report on Tuesday, June 18th. UBS Group decreased their price target on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, April 25th. William Blair reaffirmed an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 7th. Finally, StockNews.com cut ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $814.48.

ServiceNow Company 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.