Rothschild Capital Partners LLC Invests $382,000 in ServiceNow, Inc. (NYSE:NOW)

Rothschild Capital Partners LLC bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, Holdings Channel.com reports. The firm bought 360 shares of the information technology services provider’s stock, valued at approximately $382,000.

A number of other institutional investors have also recently added to or reduced their stakes in NOW. Virtu Financial LLC acquired a new stake in ServiceNow in the third quarter valued at approximately $9,833,000. Anchor Investment Management LLC grew its holdings in ServiceNow by 6.1% during the 3rd quarter. Anchor Investment Management LLC now owns 1,364 shares of the information technology services provider’s stock valued at $1,220,000 after purchasing an additional 78 shares in the last quarter. Stock Yards Bank & Trust Co. purchased a new stake in ServiceNow during the 3rd quarter worth $202,000. World Investment Advisors LLC lifted its holdings in ServiceNow by 585.8% in the 3rd quarter. World Investment Advisors LLC now owns 6,549 shares of the information technology services provider’s stock worth $5,857,000 after buying an additional 5,594 shares in the last quarter. Finally, Sfmg LLC purchased a new position in ServiceNow in the 3rd quarter valued at about $226,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 354 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $804.61, for a total transaction of $284,831.94. Following the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at $2,435,554.47. The trade was a 10.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Gina Mastantuono sold 4,442 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $964.70, for a total value of $4,285,197.40. Following the completion of the transaction, the chief financial officer now owns 11,126 shares of the company’s stock, valued at $10,733,252.20. This trade represents a 28.53 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,250 shares of company stock worth $19,853,273. 0.38% of the stock is owned by corporate insiders.

ServiceNow Stock Up 15.6 %

NOW stock opened at $939.76 on Friday. The firm’s 50-day moving average is $839.67 and its two-hundred day moving average is $967.34. The company has a market capitalization of $194.53 billion, a price-to-earnings ratio of 137.59, a price-to-earnings-growth ratio of 4.51 and a beta of 1.08. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,198.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. On average, analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

ServiceNow declared that its board has authorized a stock repurchase program on Wednesday, January 29th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

NOW has been the topic of several recent analyst reports. StockNews.com cut ServiceNow from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Jefferies Financial Group reduced their target price on ServiceNow from $1,250.00 to $1,025.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. JMP Securities restated a “market outperform” rating and issued a $1,300.00 price target on shares of ServiceNow in a research note on Thursday. Stifel Nicolaus set a $975.00 target price on shares of ServiceNow and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group reiterated a “buy” rating and issued a $1,025.00 price target (up from $900.00) on shares of ServiceNow in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,032.94.

About ServiceNow

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.