315 Shares in ServiceNow, Inc. (NYSE:NOW) Acquired by Financial Advisory Partners LLC

Financial Advisory Partners LLC acquired a new stake in ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 315 shares of the information technology services provider’s stock, valued at approximately $282,000.

Other institutional investors also recently bought and sold shares of the company. Creekmur Asset Management LLC purchased a new stake in shares of ServiceNow in the first quarter valued at about $25,000. Versant Capital Management Inc raised its stake in ServiceNow by 466.7% in the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 28 shares during the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new position in ServiceNow in the 4th quarter valued at about $29,000. EntryPoint Capital LLC boosted its stake in shares of ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in shares of ServiceNow in the second quarter valued at approximately $32,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following the sale, the chief financial officer now directly owns 11,490 shares in the company, valued at $9,479,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Jacqueline P. Canney sold 804 shares of ServiceNow stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total transaction of $652,848.00. Following the sale, the insider now directly owns 3,027 shares in the company, valued at $2,457,924. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the completion of the transaction, the chief financial officer now owns 11,490 shares of the company’s stock, valued at $9,479,250. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,914 shares of company stock valued at $5,608,936. 0.25% of the stock is currently owned by company insiders.

ServiceNow Stock Performance

Shares of NYSE NOW traded up $5.77 during midday trading on Thursday, hitting $944.42. The company’s stock had a trading volume of 240,309 shares, compared to its average volume of 1,277,998. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a 1-year low of $527.24 and a 1-year high of $945.46. The firm’s fifty day moving average price is $855.54 and its 200-day moving average price is $783.92. The firm has a market cap of $193.61 billion, a P/E ratio of 100.45, a P/E/G ratio of 5.55 and a beta of 0.99.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the firm earned $0.77 EPS. The business’s quarterly revenue was up 22.2% on a year-over-year basis. On average, sell-side analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NOW. Evercore ISI raised their target price on shares of ServiceNow from $850.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen lifted their price objective on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on ServiceNow from $780.00 to $820.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Guggenheim restated a “sell” rating and issued a $640.00 price target on shares of ServiceNow in a report on Monday, July 8th. Finally, JMP Securities raised their target price on shares of ServiceNow from $825.00 to $850.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $875.81.

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.