Exane Asset Management Buys Shares of 1,464 ServiceNow, Inc. (NYSE:NOW)

Exane Asset Management purchased a new stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,464 shares of the information technology services provider's stock, valued at approximately $1,259,000. ServiceNow makes up about 0.7% of Exane Asset Management's investment portfolio, making the stock its 14th largest position.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC increased its stake in shares of ServiceNow by 41.3% in the first quarter. Stratos Wealth Advisors LLC now owns 913 shares of the information technology services provider's stock valued at $727,000 after buying an additional 267 shares in the last quarter. Liberty One Investment Management LLC raised its holdings in shares of ServiceNow by 13.2% in the first quarter. Liberty One Investment Management LLC now owns 334 shares of the information technology services provider's stock valued at $266,000 after buying an additional 39 shares during the last quarter. Stratos Investment Management LLC acquired a new stake in ServiceNow in the 1st quarter valued at about $469,000. Highview Capital Management LLC DE increased its position in ServiceNow by 7.0% in the 1st quarter. Highview Capital Management LLC DE now owns 1,022 shares of the information technology services provider's stock valued at $814,000 after acquiring an additional 67 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its position in ServiceNow by 54.1% in the 1st quarter. Alpha Cubed Investments LLC now owns 581 shares of the information technology services provider's stock valued at $463,000 after acquiring an additional 204 shares in the last quarter. Institutional investors own 87.18% of the company's stock.

ServiceNow Stock Performance

NOW traded down $11.65 during trading on Tuesday, hitting $1,023.36. The stock had a trading volume of 1,459,490 shares, compared to its average volume of 1,485,947. 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 50 day moving average price of $1,005.88 and a 200-day moving average price of $961.79. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The firm has a market cap of $211.82 billion, a price-to-earnings ratio of 139.04, a P/E/G ratio of 4.80 and a beta of 0.94.

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, topping analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm earned $3.41 earnings per share. ServiceNow's revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NOW shares. Scotiabank set a $1,100.00 price objective on shares of ServiceNow and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI raised their price objective on shares of ServiceNow from $925.00 to $1,000.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Barclays set a $1,085.00 price objective on shares of ServiceNow in a research report on Wednesday, May 7th. JMP Securities restated a "market outperform" rating and issued a $1,300.00 price objective on shares of ServiceNow in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group lowered their price objective on shares of ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,068.23.

Insider Activity at ServiceNow

In related news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the transaction, the insider directly owned 3,000 shares in the company, valued at $3,060,000. This trade represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Russell S. Elmer sold 62 shares of the stock in a transaction 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 directly owned 4,332 shares of the company's stock, valued at $4,431,636. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,955 shares of company stock valued at $6,862,195. Corporate 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.