Centaurus Financial Inc. Buys 711 Shares of ServiceNow, Inc. (NYSE:NOW)

Centaurus Financial Inc. increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 83.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,568 shares of the information technology services provider's stock after purchasing an additional 711 shares during the quarter. Centaurus Financial Inc.'s holdings in ServiceNow were worth $1,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of ServiceNow by 1.1% in the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock worth $2,919,000 after acquiring an additional 30 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of ServiceNow by 31.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 572 shares of the information technology services provider's stock worth $606,000 after acquiring an additional 138 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of ServiceNow by 11.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,030 shares of the information technology services provider's stock worth $1,092,000 after acquiring an additional 102 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of ServiceNow in the fourth quarter worth about $48,802,000. Finally, Nilsine Partners LLC bought a new position in shares of ServiceNow in the fourth quarter worth about $257,000. Institutional investors own 87.18% of the company's stock.

Analysts Set New Price Targets

NOW has been the subject of several recent research reports. Robert W. Baird upped their price objective on ServiceNow from $1,010.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Scotiabank set a $1,100.00 price objective on ServiceNow and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group reissued a "buy" rating and set a $1,025.00 target price (up previously from $900.00) on shares of ServiceNow in a research report on Thursday, April 24th. Stifel Nicolaus increased their target price on shares of ServiceNow from $975.00 to $1,050.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Mizuho decreased their target price on shares of ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ServiceNow currently has an average rating of "Moderate Buy" and an average price target of $1,062.50.

Insider Activity

In other news, Director Anita M. Sands sold 428 shares of ServiceNow stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $1,013.61, for a total transaction of $433,825.08. Following the completion of the sale, the director now owns 10,891 shares in the company, valued at approximately $11,039,226.51. This trade represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Russell S. Elmer sold 191 shares of ServiceNow stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $985.00, for a total value of $188,135.00. Following the sale, the general counsel now owns 4,332 shares of the company's stock, valued at approximately $4,267,020. This trade represents a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,102 shares of company stock worth $2,944,038. 0.38% of the stock is currently owned by insiders.

ServiceNow Price Performance

NOW stock traded down $3.43 during mid-day trading on Friday, reaching $1,011.80. 2,663,194 shares of the company traded hands, compared to its average volume of 1,505,352. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $209.43 billion, a P/E ratio of 148.14, a P/E/G ratio of 4.51 and a beta of 0.97. ServiceNow, Inc. has a 52-week low of $645.45 and a 52-week high of $1,198.09. The company has a fifty day moving average price of $899.20 and a 200-day moving average price of $974.75.

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