ServiceNow, Inc. (NYSE:NOW) Shares Bought by PFG Advisors

PFG Advisors raised its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 37.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,265 shares of the information technology services provider's stock after buying an additional 343 shares during the quarter. PFG Advisors' holdings in ServiceNow were worth $1,007,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Edgemoor Investment Advisors Inc. grew its stake in shares of ServiceNow by 2.5% in the first quarter. Edgemoor Investment Advisors Inc. now owns 459 shares of the information technology services provider's stock worth $366,000 after purchasing an additional 11 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in shares of ServiceNow by 2.1% during the first quarter. Capital Investment Advisory Services LLC now owns 577 shares of the information technology services provider's stock worth $459,000 after acquiring an additional 12 shares during the last quarter. Kesler Norman & Wride LLC lifted its stake in shares of ServiceNow by 1.2% in the fourth 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. Sepio Capital LP lifted its stake in shares of 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 purchasing an additional 13 shares during the period. Finally, Mission Creek Capital Partners Inc. increased its position in shares of ServiceNow by 0.5% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 2,392 shares of the information technology services provider's stock valued at $2,536,000 after acquiring an additional 13 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

ServiceNow Stock Down 2.8%

NOW traded down $28.13 on Friday, hitting $968.05. The company had a trading volume of 1,998,443 shares, compared to its average volume of 1,429,436. The stock has a market capitalization of $200.37 billion, a price-to-earnings ratio of 121.92, a P/E/G ratio of 4.43 and a beta of 0.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.12 and a current ratio of 1.09. The stock has a fifty day moving average price of $1,000.33 and a 200-day moving average price of $952.52. ServiceNow, Inc. has a 12-month low of $678.66 and a 12-month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same quarter in the previous year, the firm earned $3.13 EPS. The company's quarterly revenue was up 22.4% compared to the same quarter last year. Analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group restated a "buy" rating on shares of ServiceNow in a research note on Thursday, April 24th. Erste Group Bank reissued a "hold" rating on shares of ServiceNow in a report on Wednesday. Raymond James Financial increased their price target on shares of ServiceNow from $1,000.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Thursday. Oppenheimer reaffirmed an "outperform" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of ServiceNow in a research note on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of ServiceNow from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of "Moderate Buy" and an average target price of $1,114.87.

Insiders Place Their Bets

In other news, Director Jonathan Chadwick sold 770 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total transaction of $717,347.40. Following the completion of the sale, the director owned 3,205 shares in the company, valued at approximately $2,985,842.10. This represents a 19.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gina Mastantuono sold 292 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $985.00, for a total value of $287,620.00. Following the completion of the sale, the chief financial officer directly owned 11,198 shares of the company's stock, valued at $11,030,030. The trade was a 2.54% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,003 shares of company stock valued at $6,015,106. 0.38% of the stock is currently 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.