ServiceNow, Inc. (NYSE:NOW) Stock Holdings Increased by Advisory Alpha LLC

Advisory Alpha LLC boosted its position in ServiceNow, Inc. (NYSE:NOW) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250 shares of the information technology services provider’s stock after buying an additional 17 shares during the quarter. Advisory Alpha LLC’s holdings in ServiceNow were worth $265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Branch Capital LLC increased its holdings in ServiceNow by 286.1% in the fourth quarter. West Branch Capital LLC now owns 417 shares of the information technology services provider’s stock valued at $442,000 after buying an additional 309 shares during the last quarter. Braun Bostich & Associates Inc. bought a new position in shares of ServiceNow during the fourth quarter valued at approximately $216,000. XML Financial LLC bought a new position in shares of ServiceNow during the fourth quarter valued at approximately $239,000. Nisa Investment Advisors LLC grew its holdings in shares of ServiceNow by 4.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 65,840 shares of the information technology services provider’s stock valued at $69,798,000 after purchasing an additional 2,899 shares during the last quarter. Finally, Traphagen Investment Advisors LLC bought a new position in shares of ServiceNow during the fourth quarter valued at approximately $201,000. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at $3,060,115.38. The trade was a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Miller sold 2,879 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $1,019.12, for a total transaction of $2,934,046.48. Following the sale, the director now directly owns 42,920 shares in the company, valued at approximately $43,740,630.40. This trade represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,731 shares of company stock valued at $21,016,751 in the last three months. 0.25% of the stock is currently owned by company insiders.

ServiceNow Price Performance

NYSE NOW opened at $1,132.30 on Friday. The stock has a market capitalization of $233.25 billion, a P/E ratio of 176.10, a P/E/G ratio of 4.98 and a beta of 0.99. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,157.90. The business’s fifty day moving average is $1,072.95 and its two-hundred day moving average is $938.64. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $1.21 EPS. The company’s revenue was up 22.2% on a year-over-year basis. On average, research analysts forecast that ServiceNow, Inc. will post 7.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

NOW has been the subject of several recent research reports. Scotiabank initiated coverage on ServiceNow in a report on Tuesday, November 19th. They set a “sector outperform” rating and a $1,230.00 target price for the company. TD Cowen upped their target price on ServiceNow from $1,025.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JMP Securities boosted their price objective on ServiceNow from $1,000.00 to $1,300.00 and gave the stock a “market outperform” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, StockNews.com upgraded ServiceNow from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $1,093.34.

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.