ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC boosted its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 50.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 886 shares of the information technology services provider's stock after buying an additional 296 shares during the period. Worth Financial Advisory Group LLC's holdings in ServiceNow were worth $705,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of ServiceNow during the fourth quarter valued at $27,000. Atala Financial Inc acquired a new position in shares of ServiceNow during the fourth quarter valued at $28,000. LFA Lugano Financial Advisors SA acquired a new position in shares of ServiceNow during the fourth quarter valued at $32,000. FPC Investment Advisory Inc. increased its holdings in shares of ServiceNow by 725.0% during the fourth quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 29 shares during the period. Finally, Noble Wealth Management PBC acquired a new position in shares of ServiceNow during the fourth quarter valued at $34,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Erste Group Bank raised ServiceNow from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. TD Securities reissued a "buy" rating and set a $1,100.00 price target on shares of ServiceNow in a report on Thursday, April 24th. Guggenheim raised their price target on ServiceNow from $716.00 to $724.00 and gave the company a "sell" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Evercore ISI lifted their target price on ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.50.

ServiceNow Trading Down 1.3%

Shares of NOW opened at $969.78 on Friday. The business's 50-day moving average price is $964.42 and its 200 day moving average price is $971.38. The stock has a market capitalization of $200.72 billion, a P/E ratio of 131.76, a P/E/G ratio of 4.53 and a beta of 0.95. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling at ServiceNow

In other ServiceNow news, CEO William R. Mcdermott sold 2,050 shares of ServiceNow stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the transaction, the chief executive officer now owns 6,614 shares of the company's stock, valued at $6,693,434.14. The trade was a 23.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 66 shares of ServiceNow stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total value of $67,518.00. Following the transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $3,096,621. This trade represents a 2.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,716 shares of company stock valued at $6,611,245 in the last 90 days. 0.38% of the stock is currently owned by corporate 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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