One Wealth Management Investment & Advisory Services LLC Acquires 18 Shares of ServiceNow, Inc. (NYSE:NOW)

One Wealth Management Investment & Advisory Services LLC boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,010 shares of the information technology services provider’s stock after acquiring an additional 18 shares during the period. ServiceNow accounts for 0.6% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 28th largest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in ServiceNow were worth $1,581,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NOW. Creekmur Asset Management LLC purchased a new stake in shares of ServiceNow during the 1st quarter worth approximately $25,000. Versant Capital Management Inc raised its position in shares of ServiceNow by 466.7% during the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 28 shares in the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new position in ServiceNow in the fourth quarter worth about $29,000. EntryPoint Capital LLC increased its stake in ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 39 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of ServiceNow in the 2nd quarter valued at approximately $32,000. Institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. KeyCorp decreased their price target on ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Stifel Nicolaus upped their price target on shares of ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Wolfe Research reissued an “outperform” rating and issued a $830.00 price objective on shares of ServiceNow in a research note on Friday, May 10th. TD Cowen upped their price objective on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, JMP Securities upped their price target on shares of ServiceNow from $825.00 to $850.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $849.62.

Insider Buying and Selling at ServiceNow

In related news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the sale, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at $9,479,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the sale, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at $9,479,250. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Tzitzon sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $829.68, for a total value of $1,540,715.76. Following the transaction, the insider now directly owns 3,649 shares of the company’s stock, valued at $3,027,502.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,914 shares of company stock valued at $5,608,936. 0.25% of the stock is owned by company insiders.

ServiceNow Stock Performance

NOW traded down $10.36 during trading on Friday, reaching $825.04. 1,070,842 shares of the company’s stock were exchanged, compared to its average volume of 1,286,472. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $863.85. The company’s fifty day simple moving average is $799.33 and its 200-day simple moving average is $762.78. The stock has a market capitalization of $169.13 billion, a P/E ratio of 88.28, a price-to-earnings-growth ratio of 5.13 and a beta of 0.99.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. As a group, research analysts predict that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal 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.