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

Worth Financial Advisory Group LLC grew its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 50.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 886 shares of the information technology services provider's stock after purchasing an additional 296 shares during the quarter. Worth Financial Advisory Group LLC's holdings in ServiceNow were worth $705,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of ServiceNow by 1.1% in the 4th 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 in the last quarter. Union Bancaire Privee UBP SA bought a new position in ServiceNow in the fourth quarter worth about $48,802,000. Kestra Investment Management LLC purchased a new stake in shares of ServiceNow during the fourth quarter valued at about $181,000. Bank of Jackson Hole Trust bought a new stake in shares of ServiceNow in the 4th quarter valued at about $40,000. Finally, Meitav Investment House Ltd. purchased a new position in shares of ServiceNow in the 4th quarter worth approximately $318,000. 87.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NOW shares. Wall Street Zen downgraded shares of ServiceNow from a "buy" rating to a "hold" rating in a research note on Monday, June 9th. Barclays set a $1,085.00 price objective on ServiceNow in a research report on Wednesday, May 7th. Needham & Company LLC reiterated a "buy" rating and issued a $1,050.00 price target on shares of ServiceNow in a research note on Tuesday, May 6th. BMO Capital Markets upped their price objective on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, Morgan Stanley boosted their target price on shares of ServiceNow from $881.00 to $950.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,062.50.

ServiceNow Price Performance

NYSE:NOW traded up $15.47 during trading hours on Tuesday, reaching $995.87. 1,510,961 shares of the company were exchanged, compared to its average volume of 1,482,223. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average is $968.01 and its 200-day moving average is $968.25. The firm has a market cap of $206.13 billion, a PE ratio of 135.31, a price-to-earnings-growth ratio of 4.48 and a beta of 0.96. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09.

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

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 248 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $1,009.14, for a total value of $250,266.72. Following the completion of the sale, the director now owns 10,643 shares in the company, valued at approximately $10,740,277.02. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 354 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $804.61, for a total value of $284,831.94. Following the transaction, the insider now owns 3,027 shares in the company, valued at approximately $2,435,554.47. This represents a 10.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,716 shares of company stock valued at $6,611,245 over the last quarter. 0.38% of the stock is currently owned by insiders.

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.