Westwind Capital Purchases 827 Shares of ServiceNow, Inc. (NYSE:NOW)

Westwind Capital increased its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,958 shares of the information technology services provider's stock after purchasing an additional 827 shares during the period. ServiceNow makes up 4.7% of Westwind Capital's holdings, making the stock its 11th biggest holding. Westwind Capital's holdings in ServiceNow were worth $19,074,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Confluence Wealth Services Inc. boosted its stake in shares of ServiceNow by 114.1% during the first quarter. Confluence Wealth Services Inc. now owns 773 shares of the information technology services provider's stock valued at $628,000 after purchasing an additional 412 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of ServiceNow by 5.7% during the first quarter. Sunbelt Securities Inc. now owns 2,897 shares of the information technology services provider's stock valued at $2,306,000 after acquiring an additional 155 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of ServiceNow by 0.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 288,912 shares of the information technology services provider's stock valued at $234,469,000 after acquiring an additional 2,015 shares in the last quarter. Highland Capital Management LLC boosted its position in shares of ServiceNow by 3.0% during the first quarter. Highland Capital Management LLC now owns 2,429 shares of the information technology services provider's stock valued at $1,934,000 after buying an additional 70 shares during the last quarter. Finally, Mcdaniel Terry & Co. boosted its position in shares of ServiceNow by 16.5% during the first quarter. Mcdaniel Terry & Co. now owns 522 shares of the information technology services provider's stock valued at $416,000 after buying an additional 74 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Stock Up 1.2%

NOW stock opened at $1,023.56 on Friday. The firm has a market cap of $211.86 billion, a PE ratio of 139.07, a PEG ratio of 4.65 and a beta of 0.95. 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 firm's 50 day moving average price is $985.61 and its 200-day moving average price is $967.23. ServiceNow, Inc. has a one year low of $678.66 and a one year 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 EPS 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 company had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same period in the prior year, the firm earned $3.41 earnings per share. The firm's revenue was up 18.6% compared to the same quarter last year. On average, equities research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 66 shares of the company's stock in a transaction on 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 completion of the transaction, the insider now owns 3,027 shares in the company, valued at $3,096,621. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Anita M. Sands sold 248 shares of the company's stock in a transaction on 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 completion of the transaction, the director now owns 10,643 shares of the company's stock, valued at $10,740,277.02. This represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,716 shares of company stock worth $6,611,245 over the last ninety days. Corporate insiders own 0.38% of the company's stock.

Wall Street Analyst Weigh In

NOW has been the topic of a number of recent research reports. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $1,003.00 price target on shares of ServiceNow in a research report on Thursday, April 24th. Morgan Stanley increased their price objective on ServiceNow from $881.00 to $950.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Cantor Fitzgerald restated an "overweight" rating and set a $1,048.00 price target on shares of ServiceNow in a research report on Thursday, April 24th. Robert W. Baird raised their price target on ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Stifel Nicolaus increased their price objective on ServiceNow from $975.00 to $1,050.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $1,065.32.

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.

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