Chesley Taft & Associates LLC Buys 452 Shares of ServiceNow, Inc. (NYSE:NOW)

Chesley Taft & Associates LLC boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 11.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,465 shares of the information technology services provider's stock after buying an additional 452 shares during the quarter. Chesley Taft & Associates LLC's holdings in ServiceNow were worth $3,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of ServiceNow by 1.1% during the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock worth $2,919,000 after purchasing an additional 30 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of ServiceNow during the fourth quarter valued at $48,802,000. Stock Yards Bank & Trust Co. raised its stake in ServiceNow by 22.1% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 276 shares of the information technology services provider's stock valued at $293,000 after acquiring an additional 50 shares in the last quarter. Tanager Wealth Management LLP acquired a new stake in shares of ServiceNow in the 4th quarter worth approximately $212,000. Finally, Sargent Investment Group LLC boosted its stake in ServiceNow by 11.8% during the fourth quarter. Sargent Investment Group LLC now owns 294 shares of the information technology services provider's stock valued at $299,000 after buying an additional 31 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on NOW shares. Guggenheim lifted their price objective on shares of ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a research report on Thursday, April 24th. UBS Group restated a "buy" rating and set a $1,025.00 target price (up previously from $900.00) on shares of ServiceNow in a research note on Thursday, April 24th. Evercore ISI boosted their price objective on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Oppenheimer reiterated an "outperform" rating and set a $1,100.00 price objective (up from $970.00) on shares of ServiceNow in a research note on Tuesday, May 6th. Finally, Mizuho decreased their price objective on shares of ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,062.50.

ServiceNow Trading Up 1.3%

NOW traded up $13.10 during trading on Friday, reaching $1,030.70. 956,231 shares of the company's stock were exchanged, compared to its average volume of 1,483,043. The stock has a market capitalization of $213.34 billion, a PE ratio of 150.91, a price-to-earnings-growth ratio of 4.51 and a beta of 0.95. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The firm has a fifty day moving average price of $915.04 and a two-hundred day moving average price of $974.91. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.78 by $0.26. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business posted $3.41 earnings per share. The company's quarterly revenue was up 18.6% compared to the same quarter last year. As a group, equities research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Transactions at ServiceNow

In other news, General Counsel Russell S. Elmer sold 62 shares of ServiceNow stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total transaction of $63,426.00. Following the completion of the sale, the general counsel now directly owns 4,332 shares of the company's stock, valued at approximately $4,431,636. The trade was a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anita M. Sands sold 248 shares of ServiceNow 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 transaction of $250,266.72. Following the transaction, the director now directly owns 10,643 shares in the company, valued at $10,740,277.02. This trade represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,716 shares of company stock worth $6,611,245. 0.38% of the stock is owned by company insiders.

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.