ServiceNow, Inc. (NYSE:NOW) Shares Sold by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC decreased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 658 shares of the information technology services provider’s stock after selling 15 shares during the period. Wolff Wiese Magana LLC’s holdings in ServiceNow were worth $698,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in ServiceNow by 17.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 274,844 shares of the information technology services provider’s stock worth $216,207,000 after purchasing an additional 39,984 shares in the last quarter. Total Clarity Wealth Management Inc. increased its position in shares of ServiceNow by 33.1% in the second quarter. Total Clarity Wealth Management Inc. now owns 438 shares of the information technology services provider’s stock worth $345,000 after acquiring an additional 109 shares in the last quarter. Citizens Financial Group Inc. RI raised its stake in shares of ServiceNow by 209.8% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 3,021 shares of the information technology services provider’s stock valued at $2,377,000 after acquiring an additional 2,046 shares during the period. WealthPLAN Partners LLC boosted its position in ServiceNow by 3.8% during the 2nd quarter. WealthPLAN Partners LLC now owns 3,258 shares of the information technology services provider’s stock worth $2,563,000 after purchasing an additional 118 shares during the period. Finally, Lmcg Investments LLC increased its holdings in ServiceNow by 2.6% in the 2nd quarter. Lmcg Investments LLC now owns 16,557 shares of the information technology services provider’s stock valued at $13,025,000 after purchasing an additional 414 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

NOW has been the subject of several analyst reports. Jefferies Financial Group upped their target price on ServiceNow from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. KeyCorp downgraded shares of ServiceNow from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 13th. Oppenheimer boosted their target price on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Citigroup raised their price target on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of ServiceNow from $980.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,071.39.

ServiceNow Stock Performance

ServiceNow stock opened at $1,052.66 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $216.85 billion, a P/E ratio of 163.71, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,157.90. The firm’s 50 day simple moving average is $1,066.34 and its 200-day simple moving average is $927.52.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.26. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. As a group, equities research analysts predict that ServiceNow, Inc. will post 7.07 EPS for the current year.

Insiders Place Their Bets

In related news, insider Nicholas Tzitzon sold 313 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total value of $333,219.80. Following the transaction, the insider now directly owns 3,649 shares in the company, valued at approximately $3,884,725.40. This trade represents a 7.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 66 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the sale, the insider now owns 3,027 shares of the company’s stock, valued at $3,173,173.83. This trade represents a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,276 shares of company stock worth $20,535,115. 0.25% of the stock is currently owned by company insiders.

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.