Lord & Richards Wealth Management LLC Acquires Shares of 307 ServiceNow, Inc. (NYSE:NOW)

Lord & Richards Wealth Management LLC 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 & Exchange Commission. The firm purchased 307 shares of the information technology services provider's stock, valued at approximately $244,000.

A number of other hedge funds have also bought and sold shares of the business. Cassady Schiller Wealth Management LLC increased its holdings in ServiceNow by 44.0% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock worth $38,000 after buying an additional 11 shares during the last quarter. Plancorp LLC increased its position in ServiceNow by 4.1% in the fourth quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock worth $327,000 after buying an additional 12 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of ServiceNow by 2.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 577 shares of the information technology services provider's stock valued at $459,000 after buying an additional 12 shares during the last quarter. Kesler Norman & Wride LLC grew its stake in shares of ServiceNow by 1.2% during the 4th quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider's stock worth $1,157,000 after acquiring an additional 13 shares during the period. Finally, Sepio Capital LP increased its holdings in ServiceNow by 3.8% in the 4th quarter. Sepio Capital LP now owns 359 shares of the information technology services provider's stock worth $381,000 after acquiring an additional 13 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Trading Down 0.5%

ServiceNow stock traded down $4.47 during mid-day trading on Tuesday, hitting $957.31. The company's stock had a trading volume of 1,255,021 shares, compared to its average volume of 1,488,836. The business has a 50 day moving average price of $1,007.75 and a 200-day moving average price of $957.77. 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, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09. The stock has a market cap of $198.15 billion, a price-to-earnings ratio of 130.07, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. The business's quarterly revenue was up 18.6% compared to the same quarter last year. As a group, analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James Financial dropped their price objective on shares of ServiceNow from $1,200.00 to $1,000.00 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Canaccord Genuity Group dropped their price target on shares of ServiceNow from $1,275.00 to $900.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Barclays set a $1,085.00 price objective on shares of ServiceNow in a research note on Wednesday, May 7th. Mizuho increased their target price on ServiceNow from $1,050.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. Finally, Evercore ISI raised their price target 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 given a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,068.23.

Insiders Place Their Bets

In related news, Director Anita M. Sands sold 239 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $1,050.00, for a total value of $250,950.00. Following the sale, the director directly owned 10,404 shares of the company's stock, valued at $10,924,200. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jacqueline P. Canney sold 145 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 $147,900.00. Following the completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 6,955 shares of company stock valued at $6,862,195 over the last quarter. 0.38% of the stock is owned by company 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.