ServiceNow, Inc. (NYSE:NOW) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,654,825 shares of the information technology services provider's stock after purchasing an additional 87,876 shares during the quarter. ServiceNow accounts for 0.7% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's portfolio, making the stock its 19th largest position. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.29% of ServiceNow worth $2,814,433,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of ServiceNow in the 4th quarter valued at about $27,000. Atala Financial Inc acquired a new position in ServiceNow in the 4th quarter worth about $28,000. LFA Lugano Financial Advisors SA acquired a new position in ServiceNow in the 4th quarter worth about $32,000. FPC Investment Advisory Inc. raised its holdings in ServiceNow by 725.0% in the 4th quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock worth $34,000 after purchasing an additional 29 shares during the period. Finally, Noble Wealth Management PBC acquired a new position in ServiceNow in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insider Buying and Selling

In other news, CFO Gina Mastantuono sold 4,442 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $964.70, for a total transaction of $4,285,197.40. Following the completion of the transaction, the chief financial officer now directly owns 11,126 shares in the company, valued at $10,733,252.20. This trade represents a 28.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Chadwick sold 770 shares of the firm's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total value of $717,347.40. Following the transaction, the director now owns 3,205 shares of the company's stock, valued at approximately $2,985,842.10. This represents a 19.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,061 shares of company stock worth $9,515,766. Company insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NOW shares. Erste Group Bank raised ServiceNow from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $1,048.00 price target on shares of ServiceNow in a report on Thursday, April 24th. Barclays set a $1,085.00 price target on ServiceNow in a report on Wednesday, May 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,050.00 price target on shares of ServiceNow in a report on Tuesday, May 6th. Finally, Mizuho reduced their price target on ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,062.50.

ServiceNow Trading Down 0.6%

ServiceNow stock traded down $5.76 during mid-day trading on Wednesday, hitting $1,016.08. The company's stock had a trading volume of 1,258,790 shares, compared to its average volume of 1,525,797. The firm has a market capitalization of $210.33 billion, a PE ratio of 148.77, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,198.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The stock's fifty day moving average is $874.78 and its two-hundred day moving average is $974.74.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data 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 company 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 firm's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.41 earnings per share. On average, analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

ServiceNow declared that its board has approved a stock repurchase program on Wednesday, January 29th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

About ServiceNow

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.