Roman Butler Fullerton & Co. Sells 2,096 Shares of ServiceNow, Inc. (NYSE:NOW)

Roman Butler Fullerton & Co. reduced its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 83.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 410 shares of the information technology services provider's stock after selling 2,096 shares during the period. Roman Butler Fullerton & Co.'s holdings in ServiceNow were worth $334,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lion Street Advisors LLC raised its stake in shares of ServiceNow by 4.1% in the first quarter. Lion Street Advisors LLC now owns 664 shares of the information technology services provider's stock valued at $529,000 after acquiring an additional 26 shares during the last quarter. Bender Robert & Associates grew its position in ServiceNow by 9.7% during the 1st quarter. Bender Robert & Associates now owns 12,839 shares of the information technology services provider's stock worth $10,222,000 after acquiring an additional 1,131 shares during the last quarter. Clarius Group LLC increased its holdings in ServiceNow by 16.0% during the 1st quarter. Clarius Group LLC now owns 2,141 shares of the information technology services provider's stock valued at $1,705,000 after purchasing an additional 295 shares in the last quarter. Boomfish Wealth Group LLC raised its position in ServiceNow by 1.9% in the 1st quarter. Boomfish Wealth Group LLC now owns 3,069 shares of the information technology services provider's stock valued at $2,443,000 after purchasing an additional 57 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its stake in ServiceNow by 7.6% in the first quarter. Rakuten Securities Inc. now owns 707 shares of the information technology services provider's stock worth $563,000 after purchasing an additional 50 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 66 shares of ServiceNow stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total transaction of $67,518.00. Following the transaction, the insider now owns 3,027 shares in the company, valued at $3,096,621. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 248 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,009.14, for a total value of $250,266.72. Following the sale, the director now directly owns 10,643 shares of the company's stock, valued at approximately $10,740,277.02. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,716 shares of company stock valued at $6,611,245. Company insiders own 0.38% of the company's stock.

ServiceNow Trading Down 0.2%

NYSE NOW traded down $1.70 during trading on Friday, reaching $980.38. 556,080 shares of the stock traded hands, compared to its average volume of 1,477,876. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a market cap of $202.92 billion, a price-to-earnings ratio of 133.31, a price-to-earnings-growth ratio of 4.53 and a beta of 0.95. The stock's 50-day moving average price is $960.74 and its 200 day moving average price is $971.98.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.78 by $0.26. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The firm's revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.41 EPS. Analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NOW shares. Cantor Fitzgerald restated an "overweight" rating and issued a $1,048.00 target price on shares of ServiceNow in a research note on Thursday, April 24th. Morgan Stanley increased their price objective on shares of ServiceNow from $881.00 to $950.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Mizuho boosted 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 note on Thursday, June 12th. Royal Bank Of Canada upped their target price on shares of ServiceNow from $1,060.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,062.50.

ServiceNow 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.