180 Wealth Advisors LLC Increases Position in ServiceNow, Inc. (NYSE:NOW)

180 Wealth Advisors LLC increased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 15.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,226 shares of the information technology services provider’s stock after buying an additional 164 shares during the quarter. 180 Wealth Advisors LLC’s holdings in ServiceNow were worth $935,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Algert Global LLC acquired a new position in ServiceNow during the third quarter valued at $310,000. Cary Street Partners Investment Advisory LLC lifted its position in ServiceNow by 19.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 370 shares of the information technology services provider’s stock valued at $207,000 after purchasing an additional 59 shares during the period. O Shaughnessy Asset Management LLC lifted its position in ServiceNow by 42.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 11,341 shares of the information technology services provider’s stock valued at $6,339,000 after purchasing an additional 3,358 shares during the period. Mutual Advisors LLC lifted its position in ServiceNow by 39.3% during the third quarter. Mutual Advisors LLC now owns 2,693 shares of the information technology services provider’s stock valued at $1,505,000 after purchasing an additional 760 shares during the period. Finally, Bank of Nova Scotia lifted its position in ServiceNow by 125.0% during the third quarter. Bank of Nova Scotia now owns 40,342 shares of the information technology services provider’s stock valued at $22,550,000 after purchasing an additional 22,416 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Trading Up 2.7 %

Shares of NYSE:NOW traded up $20.22 during mid-day trading on Thursday, reaching $774.13. 1,157,290 shares of the company were exchanged, compared to its average volume of 1,281,515. 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 has a market cap of $158.70 billion, a price-to-earnings ratio of 82.41, a P/E/G ratio of 4.73 and a beta of 0.96. The firm’s 50-day simple moving average is $724.24 and its 200 day simple moving average is $740.08. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $815.32.

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, topping analysts’ consensus estimates of $1.41 by $0.41. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. Equities research analysts forecast that ServiceNow, Inc. will post 6.5 EPS for the current year.

Insiders Place Their Bets

In other ServiceNow news, insider Christopher Bedi sold 215 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 15,892 shares in the company, valued at approximately $11,124,400. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Nicholas Tzitzon sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 3,649 shares in the company, valued at $2,521,422.51. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the insider now owns 15,892 shares in the company, valued at $11,124,400. The disclosure for this sale can be found here. Insiders have sold a total of 5,530 shares of company stock worth $3,997,012 in the last ninety days. 0.25% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NOW has been the subject of a number of research reports. Wolfe Research restated an “outperform” rating and set a $830.00 target price on shares of ServiceNow in a research report on Friday, May 10th. Jefferies Financial Group upped their price objective on shares of ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. BMO Capital Markets decreased their price objective 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. UBS Group decreased their price objective on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Wells Fargo & Company upped their price target on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $814.48.

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.