Bond & Devick Financial Network Inc. Takes Position in ServiceNow, Inc. (NYSE:NOW)

Bond & Devick Financial Network Inc. bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 280 shares of the information technology services provider's stock, valued at approximately $223,000.

Several other institutional investors have also added to or reduced their stakes in the business. Avidian Wealth Enterprises LLC increased its position in shares of ServiceNow by 1.8% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 497 shares of the information technology services provider's stock worth $527,000 after purchasing an additional 9 shares in the last quarter. TBH Global Asset Management LLC lifted its holdings in ServiceNow by 3.8% in the fourth quarter. TBH Global Asset Management LLC now owns 302 shares of the information technology services provider's stock valued at $320,000 after acquiring an additional 11 shares during the period. Onefund LLC lifted its holdings in ServiceNow by 2.0% in the fourth quarter. Onefund LLC now owns 552 shares of the information technology services provider's stock valued at $585,000 after acquiring an additional 11 shares during the period. Cassady Schiller Wealth Management LLC lifted its holdings in ServiceNow by 44.0% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock valued at $38,000 after acquiring an additional 11 shares during the period. Finally, Valley Brook Capital Group Inc. lifted its holdings in ServiceNow by 2.7% in the fourth quarter. Valley Brook Capital Group Inc. now owns 459 shares of the information technology services provider's stock valued at $487,000 after acquiring an additional 12 shares during the period. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Price Performance

NOW traded down $0.11 during trading on Monday, hitting $1,010.98. The company's stock had a trading volume of 1,001,802 shares, compared to its average volume of 1,503,330. The firm's 50 day moving average price is $899.20 and its two-hundred day moving average price is $974.30. 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 stock has a market capitalization of $209.26 billion, a price-to-earnings ratio of 148.02, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, beating 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 company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same period last year, the firm earned $3.41 EPS. The business's revenue for the quarter was up 18.6% on a year-over-year basis. Sell-side analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Anita M. Sands sold 428 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was 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 in the company, valued at approximately $11,039,226.51. This represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Russell S. Elmer sold 62 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total value of $63,426.00. Following the completion of the sale, the general counsel now owns 4,332 shares in the company, valued at $4,431,636. This represents a 1.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,102 shares of company stock worth $2,944,038 over the last three months. Corporate insiders own 0.38% of the company's stock.

Wall Street Analysts Forecast Growth

NOW has been the subject of several research analyst reports. Morgan Stanley upped their target price on ServiceNow from $881.00 to $950.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 24th. William Blair restated an "outperform" rating on shares of ServiceNow in a report on Friday, March 7th. Needham & Company LLC reiterated a "buy" rating and set a $1,050.00 price target on shares of ServiceNow in a report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Finally, Erste Group Bank upgraded ServiceNow from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,062.50.

ServiceNow 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.