Bank Julius Baer & Co. Ltd Zurich Sells 2,590 Shares of ServiceNow, Inc. (NYSE:NOW)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,677 shares of the information technology services provider's stock after selling 2,590 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in ServiceNow were worth $15,314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. PFG Private Wealth Management LLC purchased a new stake in shares of ServiceNow in the 3rd quarter valued at about $28,000. AdvisorNet Financial Inc raised its holdings in shares of ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 32 shares in the last quarter. Steward Financial Group LLC raised its holdings in shares of ServiceNow by 125.0% in the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider's stock valued at $35,000 after acquiring an additional 35 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of ServiceNow in the 3rd quarter valued at about $35,000. Finally, Disciplined Equity Management Inc. purchased a new stake in shares of ServiceNow in the 4th quarter valued at about $35,000. Institutional investors own 87.18% of the company's stock.

ServiceNow Price Performance

Shares of NYSE NOW traded up $6.69 during mid-day trading on Friday, reaching $722.94. The company's stock had a trading volume of 1,445,813 shares, compared to its average volume of 1,216,659. The firm has a market capitalization of $148.48 billion, a PE ratio of 77.32, a P/E/G ratio of 4.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a fifty day moving average of $760.05 and a two-hundred day moving average of $706.80. ServiceNow, Inc. has a 52 week low of $427.68 and a 52 week high of $815.32.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating analysts' consensus estimates of $2.77 by $0.34. ServiceNow had a return on equity of 14.00% and a net margin of 20.34%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm's revenue was up 25.6% on a year-over-year basis. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 6.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NOW. BMO Capital Markets decreased their price objective on ServiceNow from $850.00 to $830.00 and set an "outperform" rating on the stock in a report on Thursday. UBS Group decreased their price target on ServiceNow from $920.00 to $875.00 and set a "buy" rating on the stock in a research note on Thursday. Wells Fargo & Company lifted their price target on ServiceNow from $875.00 to $900.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $900.00 price target on shares of ServiceNow in a research note on Thursday. Finally, Mizuho lifted their price target on ServiceNow from $750.00 to $820.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and a consensus price target of $782.85.

Insider Activity at ServiceNow

In related news, insider Paul John Smith sold 1,795 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the completion of the transaction, the insider now directly owns 994 shares of the company's stock, valued at $776,373.64. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the sale, the chief executive officer now directly owns 17,177 shares in the company, valued at $12,935,655.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul John Smith sold 1,795 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the sale, the insider now directly owns 994 shares in the company, valued at approximately $776,373.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,164 shares of company stock valued at $9,940,303. Insiders own 0.25% of the company's stock.

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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