Dupont Capital Management Corp Has $11.18 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Dupont Capital Management Corp reduced its holdings in ServiceNow, Inc. (NYSE:NOW) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 12,500 shares of the information technology services provider’s stock after selling 2,068 shares during the quarter. Dupont Capital Management Corp’s holdings in ServiceNow were worth $11,180,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Swedbank AB acquired a new position in ServiceNow in the first quarter valued at $897,908,000. Vanguard Group Inc. grew its position in ServiceNow by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock worth $14,066,715,000 after purchasing an additional 331,797 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in shares of ServiceNow in the second quarter valued at approximately $218,786,000. Acadian Asset Management LLC raised its stake in shares of ServiceNow by 233.4% during the 1st quarter. Acadian Asset Management LLC now owns 387,225 shares of the information technology services provider’s stock worth $295,198,000 after purchasing an additional 271,073 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of ServiceNow by 59.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 635,919 shares of the information technology services provider’s stock worth $500,258,000 after purchasing an additional 237,086 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Down 0.0 %

Shares of NYSE NOW opened at $917.92 on Wednesday. ServiceNow, Inc. has a 1-year low of $527.24 and a 1-year high of $949.59. The stock has a market capitalization of $188.17 billion, a P/E ratio of 98.17, a price-to-earnings-growth ratio of 5.63 and a beta of 0.99. 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 business has a fifty day moving average price of $878.83 and a 200 day moving average price of $794.29.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 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 firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts expect that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Insider Activity at ServiceNow

In other news, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the sale, the general counsel now directly owns 6,736 shares of the company’s stock, valued at $5,252,800.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the sale, the general counsel now directly owns 6,736 shares of the company’s stock, valued at approximately $5,252,800.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $9,479,250. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,267 shares of company stock valued at $5,935,447 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Piper Sandler boosted their price target on shares of ServiceNow from $830.00 to $850.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada raised their price target on shares of ServiceNow from $850.00 to $880.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JMP Securities boosted their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a “market outperform” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group raised their price target on shares of ServiceNow from $900.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price of $923.00.

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.