Bosman Wealth Management LLC Purchases 3,624 Shares of ServiceNow, Inc. (NYSE:NOW)

Bosman Wealth Management LLC raised its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 238.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,142 shares of the information technology services provider's stock after buying an additional 3,624 shares during the quarter. ServiceNow comprises 4.2% of Bosman Wealth Management LLC's portfolio, making the stock its 8th biggest position. Bosman Wealth Management LLC's holdings in ServiceNow were worth $4,094,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of NOW. GAMMA Investing LLC grew its holdings in ServiceNow by 87,501.3% during the first quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider's stock valued at $2,141,108,000 after purchasing an additional 2,686,291 shares during the period. Norges Bank acquired a new stake in ServiceNow in the fourth quarter worth $2,603,360,000. Price T Rowe Associates Inc. MD boosted its position in shares of ServiceNow by 6.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,955,924 shares of the information technology services provider's stock worth $8,434,235,000 after purchasing an additional 509,467 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of ServiceNow by 36.7% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,830,419 shares of the information technology services provider's stock valued at $1,940,464,000 after buying an additional 491,861 shares during the period. Finally, Cohen Investment Advisors LLC grew its holdings in shares of ServiceNow by 7,971.1% in the 1st quarter. Cohen Investment Advisors LLC now owns 353,597 shares of the information technology services provider's stock valued at $281,513,000 after buying an additional 349,216 shares during the period. 87.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Scotiabank set a $1,100.00 target price on ServiceNow and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Truist Financial upgraded ServiceNow from a "hold" rating to a "buy" rating and lifted their price objective for the company from $950.00 to $1,200.00 in a report on Thursday, May 1st. DA Davidson initiated coverage on ServiceNow in a research note on Wednesday, June 25th. They set a "buy" rating and a $1,150.00 target price for the company. Royal Bank Of Canada lifted their price target on shares of ServiceNow from $1,060.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of ServiceNow from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and a consensus price target of $1,068.23.

ServiceNow Stock Performance

NYSE NOW traded down $30.97 on Friday, hitting $937.12. 2,144,933 shares of the stock were exchanged, compared to its average volume of 1,483,800. The business's fifty day moving average is $1,008.88 and its 200 day moving average is $961.75. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The company has a market capitalization of $193.97 billion, a PE ratio of 127.33, a P/E/G ratio of 4.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12.

ServiceNow (NYSE:NOW - Get Free Report) last issued its 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. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted $3.41 EPS. ServiceNow's revenue was up 18.6% on a year-over-year basis. Research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, Director Anita M. Sands sold 239 shares of ServiceNow stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $1,050.00, for a total transaction of $250,950.00. Following the completion of the transaction, the director directly owned 10,404 shares of the company's stock, valued at $10,924,200. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the completion of the transaction, the insider owned 3,000 shares in the company, valued at approximately $3,060,000. This represents a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,955 shares of company stock valued at $6,862,195. Insiders own 0.38% of the company's stock.

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.