ServiceNow, Inc. (NYSE:NOW) Shares Bought by Talbot Financial LLC

Talbot Financial LLC raised its stake in ServiceNow, Inc. (NYSE:NOW) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,415 shares of the information technology services provider’s stock after purchasing an additional 281 shares during the quarter. Talbot Financial LLC’s holdings in ServiceNow were worth $8,703,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NOW. Sandbox Financial Partners LLC lifted its holdings in shares of ServiceNow by 8.6% during the 4th quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock valued at $590,000 after acquiring an additional 66 shares in the last quarter. Federated Hermes Inc. increased its stake in ServiceNow by 19.8% during the 4th quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock worth $212,033,000 after buying an additional 49,631 shares during the period. Raymond James & Associates increased its stake in ServiceNow by 5.9% during the 4th quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock worth $234,135,000 after buying an additional 18,442 shares during the period. Smithfield Trust Co increased its stake in ServiceNow by 36.4% during the 4th quarter. Smithfield Trust Co now owns 981 shares of the information technology services provider’s stock worth $691,000 after buying an additional 262 shares during the period. Finally, Dohj LLC purchased a new stake in ServiceNow during the 4th quarter worth $913,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Buying and Selling

In related news, insider Nicholas Tzitzon sold 2,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 3,649 shares of the company’s stock, valued at approximately $2,521,422.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $700.00, for a total transaction of $150,500.00. Following the completion of the transaction, the insider now directly owns 15,892 shares in the company, valued at approximately $11,124,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nicholas Tzitzon sold 2,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 3,649 shares of the company’s stock, valued at $2,521,422.51. The disclosure for this sale can be found here. In the last three months, insiders sold 5,530 shares of company stock valued at $3,997,012. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Citigroup boosted their target price on shares of ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. William Blair reissued an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 7th. Guggenheim reaffirmed a “neutral” rating on shares of ServiceNow in a report on Monday, April 15th. Finally, UBS Group decreased their price target on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and an average target price of $814.48.

ServiceNow Stock Up 0.3 %

ServiceNow stock traded up $2.29 during trading hours on Monday, hitting $788.96. The company had a trading volume of 1,086,176 shares, compared to its average volume of 1,283,481. The firm has a market capitalization of $161.74 billion, a P/E ratio of 84.15, a price-to-earnings-growth ratio of 4.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s fifty day moving average is $726.55 and its 200-day moving average is $741.24. ServiceNow, Inc. has a fifty-two week low of $527.24 and a fifty-two week high of $815.32.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.41 by $0.41. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. On average, research analysts forecast that ServiceNow, Inc. will post 6.5 earnings per share for the current year.

ServiceNow Company 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.