U.S. Capital Wealth Advisors LLC Lowers Holdings in ServiceNow, Inc. (NYSE:NOW)

U.S. Capital Wealth Advisors LLC trimmed its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 41.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,025 shares of the information technology services provider's stock after selling 727 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in ServiceNow were worth $816,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in ServiceNow by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 824,725 shares of the information technology services provider's stock worth $874,258,000 after acquiring an additional 12,533 shares during the period. FMR LLC raised its stake in shares of ServiceNow by 4.9% in the fourth quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider's stock valued at $6,232,339,000 after acquiring an additional 272,506 shares in the last quarter. Nicholas Investment Partners LP raised its stake in shares of ServiceNow by 223.5% in the fourth quarter. Nicholas Investment Partners LP now owns 2,805 shares of the information technology services provider's stock valued at $2,974,000 after acquiring an additional 1,938 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ServiceNow by 18.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 196,783 shares of the information technology services provider's stock valued at $209,103,000 after acquiring an additional 31,125 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of ServiceNow in the fourth quarter valued at $2,603,360,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 completion of the sale, the director owned 3,205 shares of the company's stock, valued at $2,985,842.10. This trade represents a 19.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the completion of the sale, the insider directly owned 3,000 shares of the company's stock, valued at $3,060,000. The trade was a 28.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,955 shares of company stock valued at $6,862,195 in the last 90 days. 0.38% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. FBN Securities raised ServiceNow to a "strong-buy" rating in a research report on Wednesday, June 11th. BMO Capital Markets raised their price target on ServiceNow from $1,025.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Evercore ISI boosted their price target on ServiceNow from $925.00 to $1,000.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Barclays set a $1,085.00 price objective on shares of ServiceNow in a research report on Wednesday, May 7th. Finally, Canaccord Genuity Group reduced their target price on shares of ServiceNow from $1,275.00 to $900.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. One investment 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,068.23.

ServiceNow Stock Up 2.5%

NOW traded up $23.10 during mid-day trading on Monday, reaching $961.88. 1,788,057 shares of the stock were exchanged, compared to its average volume of 1,487,420. The company has a 50 day moving average price of $1,008.08 and a two-hundred day moving average price of $958.61. 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 has a market capitalization of $199.09 billion, a PE ratio of 130.69, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings data 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. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the firm earned $3.41 earnings per share. The company's revenue was up 18.6% compared to the same quarter last year. As a group, research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.