&Partners Invests $622,000 in ServiceNow, Inc. (NYSE:NOW)

&Partners acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 816 shares of the information technology services provider’s stock, valued at approximately $622,000.

A number of other large investors also recently bought and sold shares of the business. Sandbox Financial Partners LLC lifted its stake in shares of ServiceNow by 8.6% during the 4th quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 66 shares during the last quarter. Federated Hermes Inc. grew its position in shares of ServiceNow by 19.8% in the 4th quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock worth $212,033,000 after buying an additional 49,631 shares during the last quarter. Raymond James & Associates raised its stake in shares of ServiceNow by 5.9% during the 4th quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock worth $234,135,000 after acquiring an additional 18,442 shares in the last quarter. Smithfield Trust Co raised its stake in shares of ServiceNow by 36.4% during the 4th quarter. Smithfield Trust Co now owns 981 shares of the information technology services provider’s stock worth $691,000 after acquiring an additional 262 shares in the last quarter. Finally, Dohj LLC purchased a new stake in ServiceNow during the fourth quarter valued at approximately $913,000. Institutional investors own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 125 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $727.38, for a total value of $90,922.50. Following the sale, the insider now directly owns 3,112 shares in the company, valued at $2,263,606.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frederic B. Luddy sold 598 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $741.92, for a total transaction of $443,668.16. Following the transaction, the director now directly owns 428 shares in the company, valued at $317,541.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul John Smith sold 125 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $727.38, for a total transaction of $90,922.50. Following the transaction, the insider now directly owns 3,112 shares of the company’s stock, valued at approximately $2,263,606.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,530 shares of company stock valued at $3,997,012. Insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group decreased their price objective on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, April 25th. KeyCorp dropped their price target on ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Wells Fargo & Company lifted their target price on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 16th. Wolfe Research reissued an “outperform” rating and issued a $830.00 price objective on shares of ServiceNow in a report on Friday, May 10th. Finally, StockNews.com downgraded ServiceNow from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $814.48.

ServiceNow Stock Up 2.0 %

NOW opened at $749.33 on Monday. The business has a 50 day simple moving average of $723.59 and a 200-day simple moving average of $739.22. ServiceNow, Inc. has a 12 month low of $527.24 and a 12 month high of $815.32. The stock has a market capitalization of $153.61 billion, a P/E ratio of 80.14, a P/E/G ratio of 4.60 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. The company 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, equities analysts anticipate that ServiceNow, Inc. will post 6.5 earnings per share for the current fiscal year.

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.