Integral Investment Advisors Inc. Has $276,000 Position in ServiceNow, Inc. (NYSE:NOW)

Integral Investment Advisors Inc. raised its holdings in ServiceNow, Inc. (NYSE:NOW) by 15.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 356 shares of the information technology services provider’s stock after acquiring an additional 48 shares during the quarter. Integral Investment Advisors Inc.’s holdings in ServiceNow were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Creekmur Asset Management LLC bought a new position in shares of ServiceNow during the first quarter worth $25,000. Versant Capital Management Inc lifted its position in ServiceNow by 466.7% in the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares in the last quarter. EntryPoint Capital LLC lifted its position in ServiceNow by 3,900.0% in the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 39 shares in the last quarter. University of Texas Texas AM Investment Managment Co. bought a new stake in ServiceNow in the 4th quarter valued at $29,000. Finally, Ridgewood Investments LLC bought a new stake in ServiceNow in the 2nd quarter valued at $32,000. 87.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NOW has been the topic of several recent research reports. Robert W. Baird lifted their price target on shares of ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price target on shares of ServiceNow from $920.00 to $935.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Piper Sandler upped their price target on shares of ServiceNow from $830.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. KeyCorp decreased their price target on shares of ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, ServiceNow has an average rating of “Moderate Buy” and an average target price of $849.62.

Insider Buying and Selling

In other ServiceNow news, insider Christopher Bedi sold 215 shares of the business’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 directly owns 15,892 shares of the company’s stock, valued at approximately $11,124,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following the transaction, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction dated 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. Insiders have sold a total of 7,129 shares of company stock valued at $5,759,436 over the last three months. 0.25% of the stock is owned by company insiders.

ServiceNow Price Performance

ServiceNow stock traded up $23.73 during mid-day trading on Friday, hitting $855.00. 1,920,980 shares of the company traded hands, compared to its average volume of 1,294,300. The stock has a market cap of $175.28 billion, a price-to-earnings ratio of 91.44, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99. 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 $857.25. The stock has a fifty day moving average price of $789.70 and a 200-day moving average price of $760.16.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data 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 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 analyst estimates of $2.61 billion. During the same period in the previous year, the business posted $0.77 EPS. The business’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities analysts predict that ServiceNow, Inc. will post 6.84 earnings per share for the current fiscal year.

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.