Cross Staff Investments Inc Buys 50 Shares of ServiceNow, Inc. (NYSE:NOW)

Cross Staff Investments Inc boosted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 550 shares of the information technology services provider’s stock after acquiring an additional 50 shares during the quarter. Cross Staff Investments Inc’s holdings in ServiceNow were worth $389,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Wealth Management Partners LLC increased its stake in ServiceNow by 2.7% in the 4th quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after buying an additional 14 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in ServiceNow by 30.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 14 shares during the period. Trust Co. of Vermont raised its position in shares of ServiceNow by 8.6% during the third quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 15 shares during the last quarter. Claro Advisors LLC grew its stake in ServiceNow by 3.6% during the fourth quarter. Claro Advisors LLC now owns 428 shares of the information technology services provider’s stock valued at $302,000 after acquiring an additional 15 shares in the last quarter. Finally, Country Club Bank GFN boosted its holdings in shares of ServiceNow by 1.6% during the 4th quarter. Country Club Bank GFN now owns 951 shares of the information technology services provider’s stock valued at $668,000 after purchasing an additional 15 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Performance

NOW stock traded up $6.41 during trading on Friday, hitting $722.66. 1,047,506 shares of the company’s stock traded hands, compared to its average volume of 1,211,135. The stock has a fifty day moving average price of $760.05 and a two-hundred day moving average price of $706.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.20. ServiceNow, Inc. has a 52 week low of $427.68 and a 52 week high of $815.32. The stock has a market capitalization of $148.42 billion, a price-to-earnings ratio of 78.27, a price-to-earnings-growth ratio of 4.72 and a beta of 0.97.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. ServiceNow had a return on equity of 14.00% and a net margin of 20.34%. ServiceNow’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.88 earnings per share. As a group, equities analysts anticipate that ServiceNow, Inc. will post 6.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NOW has been the subject of several analyst reports. Citigroup raised their price objective on shares of ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. JMP Securities reissued a “market outperform” rating and set a $825.00 target price on shares of ServiceNow in a research note on Tuesday. Piper Sandler lifted their price objective on shares of ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Mizuho upped their target price on shares of ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley boosted their price target on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $782.85.

Insider Buying and Selling

In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the transaction, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the completion of the sale, the insider now directly owns 994 shares of the company’s stock, valued at approximately $776,373.64. The disclosure for this sale can be found here. Insiders sold a total of 13,164 shares of company stock worth $9,940,303 in the last three months. 0.25% of the stock is owned by insiders.

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.