Foundations Investment Advisors LLC Has $558,000 Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Foundations Investment Advisors LLC boosted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 19.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 624 shares of the information technology services provider’s stock after purchasing an additional 101 shares during the period. Foundations Investment Advisors LLC’s holdings in ServiceNow were worth $558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky grew its position in ServiceNow by 27.2% during the 1st quarter. Independence Bank of Kentucky now owns 117 shares of the information technology services provider’s stock worth $89,000 after acquiring an additional 25 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of ServiceNow by 45.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 2,389 shares of the information technology services provider’s stock valued at $1,821,000 after buying an additional 743 shares in the last quarter. Chemung Canal Trust Co. raised its holdings in shares of ServiceNow by 85.1% in the first quarter. Chemung Canal Trust Co. now owns 670 shares of the information technology services provider’s stock valued at $511,000 after buying an additional 308 shares during the last quarter. Vicus Capital acquired a new position in ServiceNow during the 1st quarter worth about $306,000. Finally, Fox Hill Wealth Management bought a new stake in ServiceNow during the 1st quarter worth about $505,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Performance

NOW opened at $950.85 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 172.19, a P/E/G ratio of 5.04 and a beta of 0.99. The business’s 50-day moving average price is $883.09 and its two-hundred day moving average price is $796.21. ServiceNow, Inc. has a 1 year low of $548.44 and a 1 year high of $979.78.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.46 by $0.26. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.75 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. Equities analysts expect that ServiceNow, Inc. will post 7.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NOW. Mizuho upped their target price on shares of ServiceNow from $850.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on ServiceNow from $820.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company boosted their target price on ServiceNow from $1,025.00 to $1,050.00 and gave the stock an “overweight” rating in a research report on Thursday. TD Cowen raised their price target on ServiceNow from $900.00 to $1,000.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $970.33.

Insider Buying and Selling

In other ServiceNow news, General Counsel Russell S. Elmer sold 1,937 shares of ServiceNow stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the sale, the general counsel now directly owns 6,736 shares in the company, valued at approximately $5,252,800.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Paul John Smith sold 187 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $795.58, for a total value of $148,773.46. Following the completion of the transaction, the insider now directly owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the sale, the general counsel now directly owns 6,736 shares in the company, valued at $5,252,800.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,467 shares of company stock worth $4,450,447. 0.25% of the stock is owned by insiders.

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.