Nicolet Advisory Services LLC Purchases 127 Shares of ServiceNow, Inc. (NYSE:NOW)

Nicolet Advisory Services LLC grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 600 shares of the information technology services provider’s stock after purchasing an additional 127 shares during the quarter. Nicolet Advisory Services LLC’s holdings in ServiceNow were worth $469,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. University of Texas Texas AM Investment Managment Co. acquired a new position in ServiceNow during the fourth quarter valued at approximately $29,000. AdvisorNet Financial Inc raised its stake in ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after buying an additional 32 shares during the period. Disciplined Equity Management Inc. acquired a new stake in ServiceNow during the 4th quarter worth $35,000. Sachetta LLC bought a new position in ServiceNow during the 4th quarter worth about $35,000. Finally, PFG Private Wealth Management LLC bought a new position in ServiceNow during the 1st quarter worth about $38,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ServiceNow

In related news, insider Nicholas Tzitzon sold 2,000 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Nicholas Tzitzon sold 2,000 shares of ServiceNow stock in a transaction dated 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 sale, the insider now directly owns 3,649 shares of the company’s stock, valued at $2,521,422.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $738.88, for a total value of $1,329,984.00. Following the sale, the chief financial officer now directly owns 13,290 shares in the company, valued at $9,819,715.20. The disclosure for this sale can be found here. Insiders have sold 5,530 shares of company stock valued at $3,997,012 over the last ninety days. 0.25% of the stock is owned by corporate insiders.

ServiceNow Price Performance

NYSE:NOW traded up $12.43 during trading hours on Friday, hitting $751.20. The company’s stock had a trading volume of 1,187,234 shares, compared to its average volume of 1,239,988. The stock has a fifty day simple moving average of $740.55 and a 200-day simple moving average of $747.86. The company has a market capitalization of $154.00 billion, a P/E ratio of 80.34, a PEG ratio of 4.71 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, Inc. has a twelve month low of $527.24 and a twelve month high of $815.32.

ServiceNow (NYSE:NOW) last released 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 business had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.59 billion. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. On average, analysts anticipate that ServiceNow, Inc. will post 6.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Guggenheim reiterated a “sell” rating and set a $640.00 target price on shares of ServiceNow in a report on Monday, July 8th. Morgan Stanley raised their price objective on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Needham & Company LLC restated a “buy” rating and issued a $900.00 price objective on shares of ServiceNow in a report on Monday, July 8th. Stifel Nicolaus restated a “buy” rating and issued a $820.00 price objective on shares of ServiceNow in a report on Tuesday, July 2nd. Finally, KeyCorp cut their price objective on shares of ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and an average target price of $817.50.

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.