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

Cohen Investment Advisors LLC lifted its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 7,971.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,597 shares of the information technology services provider's stock after purchasing an additional 349,216 shares during the period. ServiceNow accounts for 7.3% of Cohen Investment Advisors LLC's portfolio, making the stock its 3rd largest holding. Cohen Investment Advisors LLC owned 0.17% of ServiceNow worth $281,513,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in ServiceNow by 1.1% in the 4th 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. Proficio Capital Partners LLC grew its stake in ServiceNow by 154,255.3% in the 4th quarter. Proficio Capital Partners LLC now owns 666,815 shares of the information technology services provider's stock valued at $667,000 after buying an additional 666,383 shares during the last quarter. Verus Capital Partners LLC grew its stake in ServiceNow by 63.1% in the 4th quarter. Verus Capital Partners LLC now owns 393 shares of the information technology services provider's stock valued at $417,000 after buying an additional 152 shares during the last quarter. Private Trust Co. NA grew its stake in ServiceNow by 15.2% in the 4th quarter. Private Trust Co. NA now owns 431 shares of the information technology services provider's stock valued at $457,000 after buying an additional 57 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in ServiceNow in the 4th quarter valued at about $1,672,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Price Performance

NYSE:NOW traded up $12.12 on Friday, hitting $1,023.56. The company had a trading volume of 1,514,258 shares, compared to its average volume of 1,485,185. The stock has a market capitalization of $211.86 billion, a price-to-earnings ratio of 139.07, a PEG ratio of 4.70 and a beta of 0.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average of $985.61 and a two-hundred day moving average of $965.98. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The firm's revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.41 EPS. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Deborah Black sold 598 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $940.23, for a total value of $562,257.54. Following the completion of the transaction, the director now directly owns 428 shares in the company, valued at approximately $402,418.44. This represents a 58.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 354 shares of the company's 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 completion of the transaction, the insider now owns 3,027 shares of the company's stock, valued at approximately $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 company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on NOW. BMO Capital Markets increased their target price on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Sanford C. Bernstein restated an "outperform" rating and set a $1,003.00 target price on shares of ServiceNow in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of ServiceNow from a "hold" rating to a "buy" rating in a research report on Friday. Guggenheim increased their target price on shares of ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.