ServiceNow, Inc. (NYSE:NOW) Shares Acquired by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 128.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,971 shares of the information technology services provider's stock after buying an additional 3,359 shares during the period. EFG Asset Management North America Corp.'s holdings in ServiceNow were worth $4,222,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC increased its position in shares of ServiceNow by 8.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 922 shares of the information technology services provider's stock worth $651,000 after purchasing an additional 69 shares during the last quarter. Grafton Street Partners Fund LP bought a new position in shares of ServiceNow during the fourth quarter worth about $7,795,000. Laffer Tengler Investments Inc. lifted its position in ServiceNow by 10.7% in the 4th quarter. Laffer Tengler Investments Inc. now owns 5,468 shares of the information technology services provider's stock valued at $3,863,000 after purchasing an additional 530 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in ServiceNow by 2.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,668 shares of the information technology services provider's stock valued at $1,178,000 after purchasing an additional 43 shares during the period. Finally, Baader Bank Aktiengesellschaft increased its stake in shares of ServiceNow by 15.1% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 1,602 shares of the information technology services provider's stock valued at $1,124,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 5,159 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the transaction, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Paul John Smith sold 5,159 shares of ServiceNow stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the transaction, the insider now directly owns 5,453 shares in the company, valued at $4,064,229.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 owns 17,177 shares of the company's stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold 10,504 shares of company stock valued at $7,860,589 over the last quarter. Insiders own 0.25% of the company's stock.

ServiceNow Stock Up 0.9 %

NOW stock traded up $6.72 during mid-day trading on Friday, hitting $764.73. The stock had a trading volume of 887,247 shares, compared to its average volume of 1,213,501. The stock has a market capitalization of $156.77 billion, a price-to-earnings ratio of 81.82, a PEG ratio of 4.78 and a beta of 0.98. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 1-year low of $494.13 and a 1-year high of $815.32. The company has a fifty day moving average of $747.52 and a 200 day moving average of $724.34.

ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The firm had revenue of $2.60 billion during the quarter, compared to analysts' expectations of $2.59 billion. On average, equities analysts expect that ServiceNow, Inc. will post 6.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NOW. Robert W. Baird lifted their target price on ServiceNow from $870.00 to $885.00 and gave the company an "outperform" rating in a research note on Tuesday, May 7th. Mizuho raised their target price on shares of ServiceNow from $750.00 to $820.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Jefferies Financial Group upped their price target on shares of ServiceNow from $885.00 to $900.00 and gave the stock a "buy" rating in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their target price on ServiceNow from $875.00 to $900.00 and gave the stock an "overweight" rating in a report on Tuesday, April 16th. Finally, StockNews.com downgraded ServiceNow from a "buy" rating to a "hold" rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $808.73.

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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