AssuredPartners Investment Advisors LLC Acquires 286 Shares of ServiceNow, Inc. (NYSE:NOW)

AssuredPartners Investment Advisors LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,450 shares of the information technology services provider's stock after acquiring an additional 286 shares during the period. AssuredPartners Investment Advisors LLC's holdings in ServiceNow were worth $1,154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its holdings in shares of ServiceNow by 4.4% in the first quarter. Asset Management One Co. Ltd. now owns 104,192 shares of the information technology services provider's stock valued at $82,951,000 after buying an additional 4,417 shares during the period. Eagle Strategies LLC lifted its position in ServiceNow by 6.7% in the 1st quarter. Eagle Strategies LLC now owns 925 shares of the information technology services provider's stock valued at $736,000 after acquiring an additional 58 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in ServiceNow by 21.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,342 shares of the information technology services provider's stock valued at $5,845,000 after acquiring an additional 1,291 shares in the last quarter. Sawgrass Asset Management LLC boosted its stake in ServiceNow by 1.3% in the 1st quarter. Sawgrass Asset Management LLC now owns 15,873 shares of the information technology services provider's stock worth $12,637,000 after purchasing an additional 202 shares during the period. Finally, Centerpoint Advisory Group increased its holdings in ServiceNow by 11.1% during the 1st quarter. Centerpoint Advisory Group now owns 683 shares of the information technology services provider's stock worth $544,000 after purchasing an additional 68 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Jonathan Chadwick sold 770 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 354 shares of ServiceNow stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total transaction of $284,831.94. Following the sale, the insider now directly owns 3,027 shares in the company, valued at $2,435,554.47. This trade represents a 10.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,716 shares of company stock worth $6,611,245. 0.38% of the stock is currently owned by corporate insiders.

ServiceNow Price Performance

ServiceNow stock traded up $9.63 during mid-day trading on Wednesday, reaching $1,005.95. 1,174,561 shares of the company were exchanged, compared to its average volume of 1,482,130. The firm has a market cap of $208.21 billion, a PE ratio of 136.68, a PEG ratio of 4.52 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The company has a fifty day simple moving average of $971.58 and a 200-day simple moving average of $968.44. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. ServiceNow's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.41 earnings per share. As a group, equities research analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Canaccord Genuity Group reduced their price objective on ServiceNow from $1,275.00 to $900.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Mizuho increased their price objective on shares of ServiceNow from $1,050.00 to $1,100.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. Citigroup increased their price target on ServiceNow from $1,128.00 to $1,160.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Guggenheim upped their price objective on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a research note on Thursday, April 24th. Finally, FBN Securities raised shares of ServiceNow to a "strong-buy" rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of "Moderate Buy" and an average price target of $1,065.32.

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.