Wealthcare Advisory Partners LLC Purchases 44 Shares of ServiceNow, Inc. (NYSE:NOW)

Wealthcare Advisory Partners LLC boosted its holdings in ServiceNow, Inc. (NYSE:NOW) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,552 shares of the information technology services provider’s stock after purchasing an additional 44 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in ServiceNow were worth $5,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Procyon Advisors LLC grew its holdings in shares of ServiceNow by 4.7% in the fourth quarter. Procyon Advisors LLC now owns 2,095 shares of the information technology services provider’s stock valued at $2,221,000 after acquiring an additional 94 shares in the last quarter. Everpar Advisors LLC purchased a new position in shares of ServiceNow in the 4th quarter worth about $212,000. Empirical Asset Management LLC bought a new position in ServiceNow during the fourth quarter valued at about $218,616,000. Ullmann Wealth Partners Group LLC purchased a new stake in ServiceNow during the fourth quarter worth about $200,000. Finally, Ritholtz Wealth Management raised its position in ServiceNow by 3.2% in the fourth quarter. Ritholtz Wealth Management now owns 2,553 shares of the information technology services provider’s stock worth $2,706,000 after acquiring an additional 78 shares during the period. Institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 300 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $1,047.95, for a total value of $314,385.00. Following the completion of the transaction, the director now directly owns 10,467 shares of the company’s stock, valued at approximately $10,968,892.65. This trade represents a 2.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anita M. Sands sold 2,229 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $2,372,993.40. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $11,710,600. This trade represents a 16.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,276 shares of company stock worth $20,535,115. 0.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald started coverage on shares of ServiceNow in a research note on Friday. They issued an “overweight” rating and a $1,332.00 target price for the company. Jefferies Financial Group increased their price objective on ServiceNow from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Robert W. Baird lifted their target price on ServiceNow from $900.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. TD Cowen increased their price target on shares of ServiceNow from $1,025.00 to $1,300.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ServiceNow from $820.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,080.38.

ServiceNow Price Performance

Shares of NYSE NOW opened at $1,066.20 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day simple moving average of $1,067.55 and a two-hundred day simple moving average of $928.41. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,157.90. The company has a market capitalization of $219.64 billion, a price-to-earnings ratio of 166.03, a P/E/G ratio of 4.65 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $1.21 earnings per share. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts expect that ServiceNow, Inc. will post 7.07 EPS 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.