295 Shares in ServiceNow, Inc. (NYSE:NOW) Acquired by Capital A Wealth Management LLC

Capital A Wealth Management LLC bought a new position in ServiceNow, Inc. (NYSE:NOW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 295 shares of the information technology services provider's stock, valued at approximately $313,000.

Other large investors have also recently modified their holdings of the company. Avior Wealth Management LLC boosted its position in ServiceNow by 6.6% in the fourth quarter. Avior Wealth Management LLC now owns 633 shares of the information technology services provider's stock valued at $671,000 after buying an additional 39 shares during the last quarter. Brighton Jones LLC boosted its position in ServiceNow by 1.1% in the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock valued at $2,919,000 after buying an additional 30 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in ServiceNow by 31.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 572 shares of the information technology services provider's stock valued at $606,000 after buying an additional 138 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in ServiceNow by 11.5% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 32,784 shares of the information technology services provider's stock valued at $34,755,000 after buying an additional 3,383 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in ServiceNow by 35.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,230 shares of the information technology services provider's stock valued at $1,304,000 after buying an additional 325 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

ServiceNow Stock Performance

Shares of ServiceNow stock traded up $23.33 during trading on Tuesday, reaching $1,027.70. The company's stock had a trading volume of 1,101,587 shares, compared to its average volume of 1,526,928. The company has a 50-day moving average price of $884.98 and a two-hundred day moving average price of $974.97. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09. The firm has a market cap of $212.72 billion, a PE ratio of 150.47, a P/E/G ratio of 4.51 and a beta of 0.97. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly 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 net margin of 12.97% and a return on equity of 17.11%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned $3.41 EPS. ServiceNow's revenue for the quarter was up 18.6% on a year-over-year basis. On average, analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

ServiceNow declared that its board has authorized a share buyback program on Wednesday, January 29th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NOW has been the subject of several recent analyst reports. Citigroup boosted their price target on shares of ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets raised their target price on ServiceNow from $1,025.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Needham & Company LLC reissued a "buy" rating and issued a $1,050.00 price objective on shares of ServiceNow in a research note on Tuesday, May 6th. Raymond James reduced their price objective on ServiceNow from $1,200.00 to $1,000.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Mizuho reduced their price objective on ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ServiceNow presently has a consensus rating of "Moderate Buy" and an average target price of $1,062.50.

Insider Activity

In other news, insider Jacqueline P. Canney sold 66 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total value of $67,518.00. Following the transaction, the insider now owns 3,027 shares of the company's stock, valued at approximately $3,096,621. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Russell S. Elmer sold 191 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $985.00, for a total value of $188,135.00. Following the transaction, the general counsel now directly owns 4,332 shares of the company's stock, valued at approximately $4,267,020. This trade represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,674 shares of company stock valued at $2,510,213. Company insiders own 0.38% of the company's stock.

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.