ServiceNow, Inc. (NYSE:NOW) Shares Bought by LVW Advisors LLC

LVW Advisors LLC raised its position in ServiceNow, Inc. (NYSE:NOW) by 3.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 530 shares of the information technology services provider’s stock after acquiring an additional 17 shares during the quarter. LVW Advisors LLC’s holdings in ServiceNow were worth $422,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Sarasin & Partners LLP acquired a new stake in ServiceNow in the first quarter valued at approximately $18,508,000. NBC Securities Inc. boosted its stake in ServiceNow by 196,900.0% in the first quarter. NBC Securities Inc. now owns 1,970 shares of the information technology services provider’s stock valued at $1,568,000 after acquiring an additional 1,969 shares in the last quarter. Enterprise Bank & Trust Co raised its holdings in shares of ServiceNow by 99.1% in the first quarter. Enterprise Bank & Trust Co now owns 691 shares of the information technology services provider’s stock worth $550,000 after buying an additional 344 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in shares of ServiceNow by 4.0% in the first quarter. Fiduciary Alliance LLC now owns 1,263 shares of the information technology services provider’s stock worth $1,006,000 after buying an additional 48 shares during the last quarter. Finally, Talbot Financial LLC lifted its stake in shares of ServiceNow by 2.2% during the first quarter. Talbot Financial LLC now owns 11,773 shares of the information technology services provider’s stock worth $9,373,000 after buying an additional 249 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ServiceNow

In related news, insider Jacqueline P. Canney sold 354 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $804.61, for a total value of $284,831.94. Following the completion of the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $2,435,554.47. This represents a 10.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Chadwick sold 770 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $931.62, for a total value of $717,347.40. Following the completion of the transaction, the director now directly owns 3,205 shares of the company’s stock, valued at approximately $2,985,842.10. This represents a 19.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,102 shares of company stock valued at $2,944,038. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on NOW. TD Securities reissued a “buy” rating and issued a $1,100.00 target price on shares of ServiceNow in a research report on Thursday, April 24th. Citigroup increased their price objective on ServiceNow from $1,128.00 to $1,160.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Stifel Nicolaus raised their price objective on ServiceNow from $975.00 to $1,050.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Royal Bank of Canada upped their target price on ServiceNow from $1,060.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen raised shares of ServiceNow from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average target price of $1,062.50.

ServiceNow Trading Down 0.0%

Shares of NOW stock opened at $1,010.98 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $209.26 billion, a price-to-earnings ratio of 148.02, a PEG ratio of 4.51 and a beta of 0.97. The stock has a 50 day simple moving average of $902.65 and a 200-day simple moving average of $974.29. ServiceNow, Inc. has a 1-year low of $645.45 and a 1-year high of $1,198.09.

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