ServiceNow, Inc. (NYSE:NOW) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC trimmed its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 10.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,439 shares of the information technology services provider's stock after selling 3,345 shares during the quarter. ServiceNow comprises 1.5% of Moody Lynn & Lieberson LLC's investment portfolio, making the stock its 22nd biggest holding. Moody Lynn & Lieberson LLC's holdings in ServiceNow were worth $23,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NOW. Quarry LP purchased a new position in ServiceNow during the fourth quarter worth about $27,000. Atala Financial Inc purchased a new stake in ServiceNow in the 4th quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA purchased a new position in shares of ServiceNow during the 4th quarter worth approximately $32,000. Heck Capital Advisors LLC acquired a new stake in shares of ServiceNow in the 4th quarter valued at approximately $37,000. Finally, Cassady Schiller Wealth Management LLC boosted its stake in shares of ServiceNow by 44.0% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock valued at $38,000 after buying an additional 11 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NOW shares. FBN Securities upgraded ServiceNow to a "strong-buy" rating in a research report on Wednesday, June 11th. TD Securities reiterated a "buy" rating and issued a $1,100.00 price target on shares of ServiceNow in a report on Thursday, April 24th. Erste Group Bank upgraded shares of ServiceNow from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Mizuho upped their target price on shares of 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, Wells Fargo & Company increased their target price on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,068.23.

ServiceNow Trading Up 3.6%

NOW traded up $36.27 during midday trading on Thursday, hitting $1,046.03. The company's stock had a trading volume of 1,205,886 shares, compared to its average volume of 1,486,285. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09. The firm has a 50-day moving average price of $1,001.94 and a two-hundred day moving average price of $964.12. 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 market cap of $216.51 billion, a P/E ratio of 142.12, a PEG ratio of 4.64 and a beta of 0.94.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $3.09 billion. During the same period last year, the company earned $3.41 earnings per share. The company's quarterly revenue was up 18.6% on a year-over-year basis. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Insider Buying and Selling

In other ServiceNow news, Director Anita M. Sands sold 428 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $1,013.61, for a total transaction of $433,825.08. Following the completion of the sale, the director directly owned 10,891 shares in the company, valued at $11,039,226.51. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Chadwick sold 770 shares of ServiceNow stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $931.62, for a total value of $717,347.40. Following the completion of the transaction, the director directly owned 3,205 shares in the company, valued at $2,985,842.10. This represents a 19.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,716 shares of company stock worth $6,611,245 over the last 90 days. Company insiders own 0.38% of the company's stock.

About ServiceNow

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.