ServiceNow, Inc. (NYSE:NOW) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 19.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,649 shares of the information technology services provider's stock after purchasing an additional 273 shares during the period. Transcend Capital Advisors LLC's holdings in ServiceNow were worth $1,313,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NOW. GAMMA Investing LLC boosted its stake in shares of 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 acquiring an additional 2,686,291 shares during the last quarter. Norges Bank acquired a new stake in shares of ServiceNow during the fourth quarter valued at $2,603,360,000. Proficio Capital Partners LLC boosted its stake in shares of ServiceNow by 154,255.3% during the fourth quarter. Proficio Capital Partners LLC now owns 666,815 shares of the information technology services provider's stock valued at $667,000 after acquiring an additional 666,383 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $8,434,235,000 after acquiring an additional 509,467 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of ServiceNow by 36.7% during the fourth 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 acquiring an additional 491,861 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on NOW. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $1,003.00 price objective on shares of ServiceNow in a research note on Thursday, April 24th. The Goldman Sachs Group reissued a "buy" rating on shares of ServiceNow in a research note on Thursday, April 24th. Canaccord Genuity Group decreased their price target on ServiceNow from $1,275.00 to $900.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. William Blair reissued an "outperform" rating on shares of ServiceNow in a research note on Friday, March 7th. Finally, DA Davidson began coverage on ServiceNow in a research note on Wednesday. They issued a "buy" rating and a $1,150.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,065.32.

ServiceNow Stock Performance

Shares of NYSE:NOW opened at $1,023.56 on Friday. The company has a market cap of $211.86 billion, a P/E ratio of 139.07, a PEG ratio of 4.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The business's 50-day simple moving average is $985.61 and its 200 day simple moving average is $967.23.

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

Insider Activity at ServiceNow

In other ServiceNow news, Director Jonathan Chadwick sold 770 shares of the firm's stock in a transaction that occurred 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 now owns 3,205 shares in the company, valued at $2,985,842.10. This trade represents a 19.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 354 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total value of $284,831.94. Following the sale, the insider now owns 3,027 shares of the company's stock, valued at approximately $2,435,554.47. This trade represents a 10.47% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,716 shares of company stock worth $6,611,245. 0.38% of the stock is currently 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.

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