Fifth Third Wealth Advisors LLC Purchases 380 Shares of ServiceNow, Inc. (NYSE:NOW)

Fifth Third Wealth Advisors LLC boosted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 19.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,303 shares of the information technology services provider’s stock after buying an additional 380 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in ServiceNow were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in shares of ServiceNow in the fourth quarter valued at about $27,000. Atala Financial Inc bought a new position in shares of ServiceNow in the fourth quarter valued at about $28,000. LFA Lugano Financial Advisors SA bought a new position in shares of ServiceNow in the fourth quarter valued at about $32,000. FPC Investment Advisory Inc. raised its position in shares of ServiceNow by 725.0% in the fourth quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider’s stock valued at $34,000 after purchasing an additional 29 shares during the period. Finally, Noble Wealth Management PBC bought a new position in shares of ServiceNow in the fourth quarter valued at about $34,000. 87.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NOW shares. Erste Group Bank raised shares of ServiceNow from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 30th. UBS Group reissued a “buy” rating and issued a $1,025.00 price objective (up from $900.00) on shares of ServiceNow in a research report on Thursday, April 24th. Guggenheim increased their price objective on shares of ServiceNow from $716.00 to $724.00 and gave the company a “sell” rating in a research report on Thursday, April 24th. TD Securities reaffirmed a “buy” rating and set a $1,100.00 price target on shares of ServiceNow in a research report on Thursday, April 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,050.00 price target on shares of ServiceNow in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,062.50.

Insiders Place Their Bets

In other ServiceNow news, Director Anita M. Sands sold 428 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1,013.61, for a total transaction of $433,825.08. Following the sale, the director now owns 10,891 shares of the company’s stock, valued at approximately $11,039,226.51. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Chadwick sold 770 shares of the business’s stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total transaction of $717,347.40. Following the sale, the director now directly owns 3,205 shares in the company, valued at approximately $2,985,842.10. The trade was a 19.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,102 shares of company stock valued at $2,944,038. 0.38% of the stock is currently owned by insiders.

ServiceNow Price Performance

NOW stock opened at $1,011.80 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow, Inc. has a 12 month low of $645.45 and a 12 month high of $1,198.09. The firm has a market cap of $209.43 billion, a P/E ratio of 148.14, a P/E/G ratio of 4.51 and a beta of 0.97. The company’s 50-day moving average price is $899.20 and its two-hundred day moving average price is $974.30.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The firm’s revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.41 EPS. On average, analysts anticipate that ServiceNow, Inc. will post 8.93 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.