ServiceNow, Inc. (NYSE:NOW) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. increased its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 196,900.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,970 shares of the information technology services provider's stock after acquiring an additional 1,969 shares during the period. NBC Securities Inc.'s holdings in ServiceNow were worth $1,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NOW. Quarry LP purchased a new stake in ServiceNow during the fourth quarter worth about $27,000. Atala Financial Inc acquired a new position in shares of ServiceNow in the fourth quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA purchased a new stake in ServiceNow during the 4th quarter worth approximately $32,000. FPC Investment Advisory Inc. lifted its holdings 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 buying an additional 29 shares in the last quarter. Finally, Noble Wealth Management PBC acquired a new position in shares of ServiceNow in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

ServiceNow Stock Up 0.1%

ServiceNow stock traded up $1.37 during midday trading on Wednesday, hitting $1,012.25. 717,603 shares of the company were exchanged, compared to its average volume of 1,496,929. The company has a market cap of $209.52 billion, a PE ratio of 148.21, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97. ServiceNow, Inc. has a fifty-two week low of $656.02 and a fifty-two week high of $1,198.09. The company's fifty day moving average price is $906.32 and its 200-day moving average price is $974.56. 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 released its quarterly 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. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.41 EPS. On average, research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NOW shares. Morgan Stanley raised their price objective on shares of ServiceNow from $881.00 to $950.00 and gave the company an "equal weight" rating in a report on Thursday, April 24th. Stifel Nicolaus raised their price target on ServiceNow from $975.00 to $1,050.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Guggenheim upped their price objective on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a research report on Thursday, April 24th. Scotiabank set a $1,100.00 target price on ServiceNow and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Mizuho dropped their price target on shares of ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,062.50.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 354 shares of ServiceNow stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total value of $284,831.94. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Mcdermott sold 2,050 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the transaction, the chief executive officer now directly owns 6,614 shares of the company's stock, valued at approximately $6,693,434.14. This represents a 23.66% 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. 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.