Nisa Investment Advisors LLC Lowers Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Nisa Investment Advisors LLC lowered its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,351 shares of the information technology services provider's stock after selling 17,489 shares during the period. Nisa Investment Advisors LLC's holdings in ServiceNow were worth $38,494,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cassady Schiller Wealth Management LLC lifted its holdings in shares of ServiceNow by 44.0% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock worth $38,000 after purchasing an additional 11 shares in the last quarter. Plancorp LLC lifted its stake in shares of ServiceNow by 4.1% in the fourth quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock valued at $327,000 after buying an additional 12 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of ServiceNow by 2.1% in the first 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 in the last quarter. Kesler Norman & Wride LLC lifted its position in ServiceNow by 1.2% in the 4th quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider's stock valued at $1,157,000 after acquiring an additional 13 shares in the last quarter. Finally, Sepio Capital LP lifted its position in ServiceNow by 3.8% in the 4th quarter. Sepio Capital LP now owns 359 shares of the information technology services provider's stock valued at $381,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 87.18% of the company's stock.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 239 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were 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 in the company, valued at $10,924,200. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William R. Mcdermott sold 2,050 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total value of $2,074,620.50. Following the completion of the sale, the chief executive officer owned 6,614 shares in the company, valued at $6,693,434.14. This trade represents a 23.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,955 shares of company stock valued at $6,862,195. Company insiders own 0.38% of the company's stock.

Analysts Set New Price Targets

NOW has been the topic of a number of recent research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $1,048.00 target price on shares of ServiceNow in a report on Thursday, April 24th. DA Davidson initiated coverage on ServiceNow in a research note on Wednesday, June 25th. They set a "buy" rating and a $1,150.00 price objective on the stock. Wall Street Zen cut ServiceNow from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. JMP Securities restated a "market outperform" rating and set a $1,300.00 price objective on shares of ServiceNow in a research note on Tuesday, May 6th. Finally, Bank of America dropped their price target on shares of ServiceNow from $1,280.00 to $1,025.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,068.23.

ServiceNow Stock Performance

NOW stock traded down $45.42 during midday trading on Thursday, reaching $968.29. 2,002,404 shares of the company's stock traded hands, compared to its average volume of 1,480,307. The company has a 50-day moving average price of $1,008.88 and a two-hundred day moving average price of $961.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The firm has a market capitalization of $200.42 billion, a PE ratio of 131.56, a price-to-earnings-growth ratio of 4.66 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 (EPS) 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 company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the company posted $3.41 EPS. The firm's revenue for the quarter was up 18.6% compared to the same quarter last year. As a group, equities analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.