Motley Fool Asset Management LLC Acquires 318 Shares of ServiceNow, Inc. (NYSE:NOW)

Motley Fool Asset Management LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,151 shares of the information technology services provider’s stock after buying an additional 318 shares during the period. Motley Fool Asset Management LLC’s holdings in ServiceNow were worth $4,346,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. PFG Private Wealth Management LLC purchased a new stake in ServiceNow during the third quarter valued at about $28,000. AdvisorNet Financial Inc raised its position in ServiceNow by 266.7% during the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Steward Financial Group LLC raised its position in ServiceNow by 125.0% during the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 35 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in ServiceNow during the third quarter valued at about $35,000. Finally, Disciplined Equity Management Inc. purchased a new stake in ServiceNow during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NOW shares. Morgan Stanley lifted their price objective on ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday. JMP Securities reiterated a “market outperform” rating and issued a $825.00 price objective on shares of ServiceNow in a report on Tuesday. Wells Fargo & Company lifted their price objective on ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Needham & Company LLC reiterated a “buy” rating and issued a $900.00 price objective on shares of ServiceNow in a report on Thursday. Finally, The Goldman Sachs Group lifted their price objective on ServiceNow from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $782.85.

ServiceNow Stock Down 4.0 %

Shares of NOW traded down $30.04 during mid-day trading on Thursday, reaching $716.25. The company had a trading volume of 3,366,891 shares, compared to its average volume of 1,213,611. The company has a market capitalization of $147.10 billion, a price-to-earnings ratio of 85.17, a price-to-earnings-growth ratio of 4.68 and a beta of 0.97. ServiceNow, Inc. has a 52 week low of $427.68 and a 52 week high of $815.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50-day moving average price of $760.05 and a 200 day moving average price of $706.80.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, sell-side analysts forecast that ServiceNow, Inc. will post 6.16 EPS for the current year.

Insider Buying and Selling at ServiceNow

In other news, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $781.06, for a total value of $1,402,002.70. Following the completion of the sale, the insider now directly owns 994 shares in the company, valued at approximately $776,373.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction 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 approximately $776,373.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,164 shares of company stock worth $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.