476 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by FLC Capital Advisors

FLC Capital Advisors acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) in the fourth quarter, HoldingsChannel reports. The fund acquired 476 shares of the information technology services provider’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently bought and sold shares of NOW. Wealth Management Partners LLC raised its holdings in shares of ServiceNow by 2.7% in the 4th quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 14 shares during the last quarter. Trust Co. of Vermont boosted its holdings in ServiceNow by 8.6% in the 3rd quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 15 shares during the period. Nemes Rush Group LLC lifted its holdings in shares of ServiceNow by 16.3% during the 3rd quarter. Nemes Rush Group LLC now owns 121 shares of the information technology services provider’s stock worth $68,000 after acquiring an additional 17 shares during the last quarter. Mayflower Financial Advisors LLC lifted its holdings in shares of ServiceNow by 1.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,271 shares of the information technology services provider’s stock worth $710,000 after acquiring an additional 18 shares during the last quarter. Finally, SWS Partners raised its position in ServiceNow by 0.5% in the 3rd quarter. SWS Partners now owns 3,521 shares of the information technology services provider’s stock worth $1,968,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the transaction, the insider now directly owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William R. Mcdermott sold 5,030 shares of the business’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 sale, the chief executive officer now directly owns 17,177 shares in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,164 shares of company stock valued at $9,940,303. Corporate insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on NOW. Robert W. Baird boosted their price objective on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. BMO Capital Markets upped their target price on shares of ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group boosted their price objective on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Truist Financial upped their target price on shares of ServiceNow from $700.00 to $750.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, KeyCorp assumed coverage on shares of ServiceNow in a research note on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 price objective for the company. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $762.96.

ServiceNow Stock Performance

Shares of NYSE:NOW traded down $19.97 on Wednesday, hitting $758.60. The company’s stock had a trading volume of 1,401,035 shares, compared to its average volume of 1,237,888. ServiceNow, Inc. has a 12 month low of $427.01 and a 12 month high of $815.32. The company has a market capitalization of $155.51 billion, a price-to-earnings ratio of 90.03, a price-to-earnings-growth ratio of 4.93 and a beta of 0.97. The stock’s 50-day moving average is $768.99 and its two-hundred day moving average is $679.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06.

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 the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $0.88 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts forecast that ServiceNow, Inc. will post 6.11 EPS for the current year.

About ServiceNow

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.