SMART Wealth LLC Buys New Holdings in ServiceNow, Inc. (NYSE:NOW)

SMART Wealth LLC bought a new position in ServiceNow, Inc. (NYSE:NOW - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 562 shares of the information technology services provider's stock, valued at approximately $447,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cassady Schiller Wealth Management LLC grew its stake in shares of ServiceNow by 44.0% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock worth $38,000 after purchasing an additional 11 shares during the period. Plancorp LLC grew its stake in ServiceNow by 4.1% in the 4th quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock valued at $327,000 after acquiring an additional 12 shares during the period. Kesler Norman & Wride LLC grew its stake in ServiceNow by 1.2% in the 4th quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider's stock valued at $1,157,000 after acquiring an additional 13 shares during the period. Sepio Capital LP grew its stake in ServiceNow by 3.8% in the 4th quarter. Sepio Capital LP now owns 359 shares of the information technology services provider's stock valued at $381,000 after acquiring an additional 13 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its stake in ServiceNow by 0.5% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 2,392 shares of the information technology services provider's stock valued at $2,536,000 after acquiring an additional 13 shares during the period. Hedge funds and other institutional investors own 87.18% of the company's stock.

Wall Street Analyst Weigh In

NOW has been the topic of a number of research analyst reports. Raymond James Financial dropped their price target on shares of ServiceNow from $1,200.00 to $1,000.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reissued a "buy" rating on shares of ServiceNow in a research note on Thursday, April 24th. Needham & Company LLC reissued a "buy" rating and issued a $1,050.00 price target on shares of ServiceNow in a research note on Tuesday, May 6th. Mizuho lifted their price target on shares of ServiceNow from $1,050.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Thursday, June 12th. Finally, Evercore ISI lifted their price target on shares of ServiceNow from $925.00 to $1,000.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and a consensus target price of $1,068.23.

Insider Buying and Selling at ServiceNow

In other 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 transaction of $250,266.72. Following the sale, the director owned 10,643 shares of the company's stock, valued at approximately $10,740,277.02. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the sale, the insider owned 3,000 shares in the company, valued at $3,060,000. The trade was a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,716 shares of company stock valued at $6,611,245. Corporate insiders own 0.38% of the company's stock.

ServiceNow Stock Up 3.6%

Shares of NOW traded up $36.27 during mid-day trading on Friday, hitting $1,046.03. 1,205,886 shares of the company's stock were exchanged, compared to its average volume of 1,486,285. The company has a market cap of $216.51 billion, a price-to-earnings ratio of 142.12, a P/E/G ratio of 4.80 and a beta of 0.94. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The stock's 50-day moving average is $1,003.94 and its 200-day moving average is $963.64.

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 (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.26. The business had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The business's quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.41 earnings per share. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

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.