ServiceNow, Inc. (NYSE:NOW) Shares Sold by Bison Wealth LLC

Bison Wealth LLC lessened its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 68.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 333 shares of the information technology services provider's stock after selling 723 shares during the period. Bison Wealth LLC's holdings in ServiceNow were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in ServiceNow in the third quarter valued at approximately $9,833,000. Anchor Investment Management LLC lifted its holdings in shares of ServiceNow by 6.1% during the 3rd quarter. Anchor Investment Management LLC now owns 1,364 shares of the information technology services provider's stock valued at $1,220,000 after purchasing an additional 78 shares during the last quarter. Stock Yards Bank & Trust Co. acquired a new stake in shares of ServiceNow in the 3rd quarter worth $202,000. World Investment Advisors LLC grew its stake in ServiceNow by 585.8% during the 3rd quarter. World Investment Advisors LLC now owns 6,549 shares of the information technology services provider's stock worth $5,857,000 after buying an additional 5,594 shares during the last quarter. Finally, Sfmg LLC acquired a new position in ServiceNow during the 3rd quarter valued at about $226,000. 87.18% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Deborah Black sold 598 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $940.23, for a total value of $562,257.54. Following the sale, the director now directly owns 428 shares in the company, valued at approximately $402,418.44. The trade was a 58.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Russell S. Elmer sold 2,511 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $1,012.09, for a total transaction of $2,541,357.99. Following the completion of the transaction, the general counsel now directly owns 4,332 shares in the company, valued at $4,384,373.88. The trade was a 36.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,618 shares of company stock valued at $21,132,878 over the last quarter. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NOW. Redburn Atlantic started coverage on shares of ServiceNow in a report on Wednesday, February 19th. They set a "buy" rating on the stock. Barclays set a $969.00 price target on shares of ServiceNow in a report on Thursday, April 24th. Robert W. Baird boosted their price objective on shares of ServiceNow from $1,010.00 to $1,150.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Jefferies Financial Group reduced their target price on ServiceNow from $1,250.00 to $1,025.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their price target on ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,041.00.

ServiceNow Trading Up 2.0 %

Shares of NOW stock traded up $19.29 on Friday, hitting $977.24. 1,667,831 shares of the stock traded hands, compared to its average volume of 1,512,546. ServiceNow, Inc. has a twelve month low of $637.99 and a twelve month high of $1,198.09. The stock has a market capitalization of $202.29 billion, a PE ratio of 143.08, a PEG ratio of 4.51 and a beta of 1.08. The firm's 50-day moving average price is $839.29 and its two-hundred day moving average price is $968.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.26. The business had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The business's revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.41 EPS. As a group, 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.