ServiceNow, Inc. (NYSE:NOW) Stock Holdings Increased by Fedenia Advisers LLC

Fedenia Advisers LLC increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,160 shares of the information technology services provider's stock after buying an additional 275 shares during the period. Fedenia Advisers LLC's holdings in ServiceNow were worth $924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOW. Brighton Jones LLC boosted its holdings 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 purchasing an additional 30 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of 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 purchasing an additional 666,383 shares in the last quarter. Modera Wealth Management LLC boosted its stake in shares of ServiceNow by 22.7% during the 4th quarter. Modera Wealth Management LLC now owns 335 shares of the information technology services provider's stock valued at $355,000 after buying an additional 62 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of ServiceNow by 2.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,477 shares of the information technology services provider's stock worth $27,009,000 after buying an additional 617 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of ServiceNow by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,292,922 shares of the information technology services provider's stock worth $1,370,652,000 after buying an additional 56,585 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 145 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $147,900.00. Following the transaction, the insider owned 3,027 shares of the company's stock, valued at approximately $3,087,540. This trade represents a 4.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anita M. Sands sold 248 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,009.14, for a total transaction of $250,266.72. Following the completion of the transaction, the director owned 10,643 shares of the company's stock, valued at $10,740,277.02. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,716 shares of company stock valued at $6,611,245. Corporate insiders own 0.38% of the company's stock.

ServiceNow Stock Performance

Shares of NYSE NOW traded down $3.11 during midday trading on Wednesday, hitting $1,008.78. 871,420 shares of the company's stock were exchanged, compared to its average volume of 1,481,334. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The firm has a market cap of $208.80 billion, a P/E ratio of 137.06, a PEG ratio of 4.72 and a beta of 0.94. The stock's 50 day moving average price is $995.96 and its 200-day moving average price is $964.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12.

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

Analyst Ratings Changes

NOW has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price objective on shares of ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Barclays set a $1,085.00 target price on shares of ServiceNow in a research note on Wednesday, May 7th. Piper Sandler decreased their price target on ServiceNow from $1,200.00 to $1,120.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Erste Group Bank raised ServiceNow from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Finally, Evercore ISI increased their target price on ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,068.23.

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.