Ausdal Financial Partners Inc. Has $711,000 Holdings in ServiceNow, Inc. (NYSE:NOW)

Ausdal Financial Partners Inc. grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 671 shares of the information technology services provider’s stock after buying an additional 37 shares during the period. Ausdal Financial Partners Inc.’s holdings in ServiceNow were worth $711,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Engines Advisors L.L.C. raised its stake in ServiceNow by 3.1% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 3,144 shares of the information technology services provider’s stock valued at $3,333,000 after acquiring an additional 94 shares during the period. UNIVEST FINANCIAL Corp increased its holdings in shares of ServiceNow by 1.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 6,210 shares of the information technology services provider’s stock valued at $6,583,000 after purchasing an additional 82 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of ServiceNow in the fourth quarter valued at about $1,163,000. Florida Financial Advisors LLC bought a new stake in shares of ServiceNow during the 4th quarter worth about $219,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of ServiceNow by 7.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,429 shares of the information technology services provider’s stock worth $14,236,000 after buying an additional 940 shares during the period. 87.18% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Vice Chairman Nicholas Tzitzon sold 2,945 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $923.72, for a total value of $2,720,355.40. Following the completion of the sale, the insider now directly owns 3,649 shares in the company, valued at $3,370,654.28. This represents a 44.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Gina Mastantuono sold 4,442 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $964.70, for a total value of $4,285,197.40. Following the completion of the sale, the chief financial officer now owns 11,126 shares in the company, valued at $10,733,252.20. This trade represents a 28.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,351 shares of company stock valued at $20,050,076 over the last quarter. 0.25% of the stock is owned by company insiders.

ServiceNow Stock Down 1.2 %

Shares of NYSE:NOW opened at $828.73 on Friday. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,198.09. The company has a market capitalization of $170.72 billion, a PE ratio of 121.34, a price-to-earnings-growth ratio of 4.51 and a beta of 1.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day moving average of $955.81 and a 200-day moving average of $983.64.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. On average, equities analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

ServiceNow announced that its board has approved a share buyback plan on Wednesday, January 29th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on NOW shares. UBS Group cut their price objective on shares of ServiceNow from $1,250.00 to $1,000.00 and set a “buy” rating for the company in a research report on Tuesday, March 11th. Cantor Fitzgerald reissued an “overweight” rating and set a $1,048.00 price target on shares of ServiceNow in a report on Tuesday, March 11th. TD Cowen upped their price objective on ServiceNow from $1,025.00 to $1,300.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Robert W. Baird dropped their target price on ServiceNow from $1,200.00 to $1,010.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Mizuho decreased their price target on shares of ServiceNow from $1,210.00 to $1,100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,093.76.

ServiceNow 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.