Intellectus Partners LLC Has $696,000 Holdings in ServiceNow, Inc. (NYSE:NOW)

Intellectus Partners LLC lessened its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 874 shares of the information technology services provider's stock after selling 511 shares during the quarter. Intellectus Partners LLC's holdings in ServiceNow were worth $696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of ServiceNow in the fourth quarter valued at $27,000. Atala Financial Inc acquired a new position in ServiceNow during the fourth quarter valued at $28,000. LFA Lugano Financial Advisors SA purchased a new stake in ServiceNow in the 4th quarter worth about $32,000. FPC Investment Advisory Inc. boosted its position in ServiceNow by 725.0% during the 4th quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock worth $34,000 after acquiring an additional 29 shares during the period. Finally, Noble Wealth Management PBC acquired a new stake in ServiceNow during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 87.18% of the company's stock.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of research analyst reports. Wall Street Zen raised shares of ServiceNow from a "hold" rating to a "buy" rating in a research report on Sunday, June 1st. Jefferies Financial Group dropped 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. Wells Fargo & Company lifted their target price on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. William Blair reaffirmed an "outperform" rating on shares of ServiceNow in a research note on Friday, March 7th. Finally, Guggenheim increased their price objective on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and an average target price of $1,062.50.

ServiceNow Stock Up 1.3%

NOW stock opened at $1,030.70 on Friday. The stock has a market capitalization of $213.34 billion, a price-to-earnings ratio of 150.91, a price-to-earnings-growth ratio of 4.51 and a beta of 0.95. The company has a 50-day moving average of $919.44 and a two-hundred day moving average of $974.97. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The firm's revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.41 EPS. As a group, equities research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insider Transactions at ServiceNow

In other news, insider Jacqueline P. Canney sold 354 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total transaction of $284,831.94. Following the transaction, the insider now owns 3,027 shares in the company, valued at approximately $2,435,554.47. The trade was a 10.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 248 shares of the stock in a transaction dated 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 sale, the director now owns 10,643 shares of the company's stock, valued at approximately $10,740,277.02. The trade was a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,716 shares of company stock worth $6,611,245 over the last three months. 0.38% of the stock is currently owned by insiders.

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.

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