Personal CFO Solutions LLC Reduces Position in ServiceNow, Inc. (NYSE:NOW)

Personal CFO Solutions LLC cut its stake in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,010 shares of the information technology services provider’s stock after selling 27 shares during the quarter. Personal CFO Solutions LLC’s holdings in ServiceNow were worth $2,833,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NOW. AdvisorNet Financial Inc boosted its holdings in ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Sachetta LLC purchased a new stake in ServiceNow in the fourth quarter valued at $35,000. Disciplined Equity Management Inc. purchased a new stake in ServiceNow in the fourth quarter valued at $35,000. Fortitude Family Office LLC purchased a new stake in ServiceNow in the fourth quarter valued at $41,000. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in ServiceNow by 30.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 14 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NOW has been the subject of a number of analyst reports. StockNews.com downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Wells Fargo & Company upped their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. KeyCorp decreased their price objective on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Morgan Stanley upped their price objective on shares of ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Guggenheim restated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $814.48.

Read Our Latest Stock Analysis on NOW

Insider Buying and Selling

In related 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 transaction of $90,922.50. Following the completion of the transaction, the insider now owns 3,112 shares of the company’s stock, valued at approximately $2,263,606.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ServiceNow news, insider Nicholas Tzitzon sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $690.99, for a total transaction of $1,381,980.00. Following the sale, the insider now directly owns 3,649 shares in the company, valued at approximately $2,521,422.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul John Smith sold 125 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the sale, the insider now owns 3,112 shares in the company, valued at $2,263,606.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,530 shares of company stock valued at $3,997,012. Company insiders own 0.25% of the company’s stock.

ServiceNow Trading Down 0.6 %

Shares of ServiceNow stock traded down $4.35 during mid-day trading on Friday, hitting $698.81. The stock had a trading volume of 1,122,703 shares, compared to its average volume of 1,564,719. The firm has a 50-day moving average of $732.59 and a two-hundred day moving average of $735.55. ServiceNow, Inc. has a 12-month low of $526.11 and a 12-month high of $815.32. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The firm has a market cap of $143.26 billion, a P/E ratio of 74.74, a price-to-earnings-growth ratio of 4.41 and a beta of 0.96.

ServiceNow (NYSE:NOWGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.41. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. Sell-side analysts forecast that ServiceNow, Inc. will post 6.5 earnings per share for the current year.

About ServiceNow

(Free Report)

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.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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