ServiceNow, Inc. (NYSE:NOW) Stake Raised by Bender Robert & Associates

Bender Robert & Associates raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,463 shares of the information technology services provider’s stock after acquiring an additional 208 shares during the quarter. ServiceNow makes up 2.6% of Bender Robert & Associates’ investment portfolio, making the stock its 14th largest holding. Bender Robert & Associates’ holdings in ServiceNow were worth $10,218,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Xponance Inc. increased its stake in shares of ServiceNow by 0.4% in the fourth quarter. Xponance Inc. now owns 47,583 shares of the information technology services provider’s stock worth $33,617,000 after acquiring an additional 195 shares during the last quarter. Integral Investment Advisors Inc. purchased a new position in ServiceNow in the fourth quarter valued at about $214,000. Cambridge Trust Co. increased its position in ServiceNow by 1.5% in the 4th quarter. Cambridge Trust Co. now owns 34,992 shares of the information technology services provider’s stock worth $24,721,000 after purchasing an additional 520 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its stake in shares of ServiceNow by 30.4% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 14 shares in the last quarter. Finally, Dock Street Asset Management Inc. lifted its holdings in shares of ServiceNow by 1.6% during the 4th quarter. Dock Street Asset Management Inc. now owns 17,723 shares of the information technology services provider’s stock valued at $12,521,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of NOW stock traded down $5.09 during mid-day trading on Thursday, reaching $731.36. The company’s stock had a trading volume of 788,267 shares, compared to its average volume of 1,171,221. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50-day moving average is $767.53 and its two-hundred day moving average is $700.42. ServiceNow, Inc. has a 1-year low of $427.68 and a 1-year high of $815.32. The company has a market cap of $150.21 billion, a P/E ratio of 87.68, a PEG ratio of 4.71 and a beta of 0.97.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, research analysts predict that ServiceNow, Inc. will post 6.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Oppenheimer raised their price objective on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Royal Bank of Canada lifted their price objective on shares of ServiceNow from $840.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. The Goldman Sachs Group increased their target price on shares of ServiceNow from $800.00 to $910.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Needham & Company LLC restated a “buy” rating and set a $900.00 target price on shares of ServiceNow in a report on Tuesday. Finally, Jefferies Financial Group upped their price target on ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and twenty-three have given 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 target price of $780.37.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the transaction, the insider now directly owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now directly owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock worth $9,940,303 over the last three months. Company insiders own 0.25% of the company’s stock.

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.