Physician Wealth Advisors Inc. Purchases 27 Shares of ServiceNow, Inc. (NYSE:NOW)

Physician Wealth Advisors Inc. grew its position in shares of ServiceNow, Inc. (NYSE:NOW) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,123 shares of the information technology services provider’s stock after acquiring an additional 27 shares during the quarter. Physician Wealth Advisors Inc.’s holdings in ServiceNow were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. bought a new stake in ServiceNow during the fourth quarter worth $29,000. AdvisorNet Financial Inc grew its stake in ServiceNow by 266.7% in the 4th 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 period. Sachetta LLC bought a new position in ServiceNow in the 4th quarter valued at $35,000. Disciplined Equity Management Inc. bought a new position in ServiceNow in the 4th quarter valued at $35,000. Finally, Fortitude Family Office LLC bought a new position in ServiceNow in the 4th quarter valued at $41,000. Institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NOW. BMO Capital Markets lowered their price target on ServiceNow from $850.00 to $830.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Robert W. Baird increased their price objective on ServiceNow from $870.00 to $885.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Jefferies Financial Group increased their price objective on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Guggenheim restated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. Finally, Stifel Nicolaus restated a “buy” rating and set a $820.00 price target on shares of ServiceNow in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $814.48.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $738.88, for a total transaction of $1,329,984.00. Following the completion of the transaction, the chief financial officer now owns 13,290 shares in the company, valued at $9,819,715.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $738.88, for a total transaction of $1,329,984.00. Following the completion of the transaction, the chief financial officer now owns 13,290 shares in the company, valued at $9,819,715.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Bedi sold 215 shares of ServiceNow stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the sale, the insider now directly owns 15,892 shares of the company’s stock, valued at approximately $11,124,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,530 shares of company stock worth $3,997,012. 0.25% of the stock is owned by insiders.

ServiceNow Stock Up 1.6 %

Shares of NOW traded up $12.54 on Friday, reaching $786.67. The stock had a trading volume of 1,721,786 shares, compared to its average volume of 1,451,259. The firm has a market capitalization of $161.27 billion, a price-to-earnings ratio of 84.14, a price-to-earnings-growth ratio of 4.93 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. The company has a 50-day simple moving average of $726.55 and a 200-day simple moving average of $741.06. ServiceNow, Inc. has a 12-month low of $527.24 and a 12-month high of $815.32.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. The company had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. Sell-side analysts predict that ServiceNow, Inc. will post 6.5 EPS for the current year.

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.