ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Leeward Financial Partners LLC

Leeward Financial Partners LLC lifted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,574 shares of the information technology services provider’s stock after purchasing an additional 118 shares during the period. Leeward Financial Partners LLC’s holdings in ServiceNow were worth $1,962,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue increased its stake in shares of ServiceNow by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 23,632 shares of the information technology services provider’s stock worth $18,016,000 after buying an additional 110 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of ServiceNow by 6.8% in the first quarter. Valeo Financial Advisors LLC now owns 1,997 shares of the information technology services provider’s stock worth $1,523,000 after buying an additional 127 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of ServiceNow by 5.2% in the first quarter. Sivia Capital Partners LLC now owns 363 shares of the information technology services provider’s stock worth $277,000 after buying an additional 18 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of ServiceNow by 1.9% in the first quarter. SeaCrest Wealth Management LLC now owns 2,475 shares of the information technology services provider’s stock worth $1,887,000 after buying an additional 45 shares during the last quarter. Finally, Naviter Wealth LLC increased its stake in shares of ServiceNow by 20.4% in the first quarter. Naviter Wealth LLC now owns 1,761 shares of the information technology services provider’s stock worth $1,343,000 after buying an additional 298 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on NOW. Citigroup boosted their target price on shares of ServiceNow from $896.00 to $906.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. KeyCorp lowered their target price on shares of ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group lowered their target price on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. BMO Capital Markets lowered their price target on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Finally, Robert W. Baird upped their price target on shares of ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Three equities 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $813.28.

Insider Buying and Selling

In other ServiceNow news, insider Nicholas Tzitzon sold 2,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $690.99, for a total transaction of $1,381,980.00. Following the completion of the transaction, the insider now directly owns 3,649 shares in the company, valued at $2,521,422.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other ServiceNow news, insider Christopher Bedi sold 215 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Tzitzon sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $690.99, for a total value of $1,381,980.00. Following the sale, the insider now directly owns 3,649 shares of the company’s stock, valued at $2,521,422.51. The disclosure for this sale can be found here. Insiders sold a total of 5,530 shares of company stock valued at $3,997,012 over the last ninety days. 0.25% of the stock is owned by company insiders.

ServiceNow Stock Down 1.0 %

NYSE:NOW traded down $7.84 during mid-day trading on Wednesday, reaching $786.28. The stock had a trading volume of 577,464 shares, compared to its average volume of 1,274,989. The business’s 50 day moving average is $728.95 and its 200 day moving average is $742.68. ServiceNow, Inc. has a fifty-two week low of $527.24 and a fifty-two week high of $815.32. The stock has a market cap of $161.19 billion, a P/E ratio of 84.20, a PEG 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.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data 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 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%. As a group, sell-side analysts predict that ServiceNow, Inc. will post 6.5 earnings per share 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.