Affiance Financial LLC Has $764,000 Position in ServiceNow, Inc. (NYSE:NOW)

Affiance Financial LLC cut its position in shares of ServiceNow, Inc. (NYSE:NOW) by 27.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,002 shares of the information technology services provider’s stock after selling 380 shares during the period. Affiance Financial LLC’s holdings in ServiceNow were worth $764,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NOW. Norges Bank acquired a new position in shares of ServiceNow during the 4th quarter worth about $1,648,259,000. International Assets Investment Management LLC increased its stake in shares of ServiceNow by 69,354.6% during the 4th quarter. International Assets Investment Management LLC now owns 821,648 shares of the information technology services provider’s stock worth $580,486,000 after purchasing an additional 820,465 shares during the last quarter. Global Assets Advisory LLC acquired a new position in shares of ServiceNow during the 1st quarter worth about $403,034,000. Cerity Partners LLC grew its stake in ServiceNow by 1,073.7% in the 4th quarter. Cerity Partners LLC now owns 406,262 shares of the information technology services provider’s stock valued at $287,020,000 after buying an additional 371,648 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in ServiceNow by 18.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,754,027 shares of the information technology services provider’s stock valued at $1,239,198,000 after buying an additional 271,153 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 190 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total value of $136,568.20. Following the completion of the transaction, the insider now directly owns 3,010 shares in the company, valued at approximately $2,163,527.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other ServiceNow news, Director Frederic B. Luddy sold 598 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $741.92, for a total value of $443,668.16. Following the completion of the transaction, the director now directly owns 428 shares in the company, valued at approximately $317,541.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Paul John Smith sold 190 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the transaction, the insider now owns 3,010 shares of the company’s stock, valued at $2,163,527.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,530 shares of company stock worth $3,997,012. 0.25% of the stock is currently owned by company insiders.

ServiceNow Price Performance

NYSE:NOW traded up $8.64 on Thursday, hitting $762.55. The company had a trading volume of 62,774 shares, compared to its average volume of 1,272,205. The stock has a market capitalization of $156.32 billion, a price-to-earnings ratio of 80.67, a PEG ratio of 4.73 and a beta of 0.96. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $723.87 and a two-hundred day moving average of $739.98. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $815.32.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.41 by $0.41. The business had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. On average, research analysts anticipate that ServiceNow, Inc. will post 6.5 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on NOW. BMO Capital Markets decreased their price target on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. StockNews.com lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $820.00 price target on shares of ServiceNow in a research note on Wednesday, March 20th. UBS Group decreased their price target on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Jefferies Financial Group upped their price target on shares of ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $814.48.

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.