D Orazio & Associates Inc. Raises Holdings in ServiceNow, Inc. (NYSE:NOW)

D Orazio & Associates Inc. grew its position in shares of ServiceNow, Inc. (NYSE:NOW) by 8.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340 shares of the information technology services provider’s stock after buying an additional 27 shares during the quarter. D Orazio & Associates Inc.’s holdings in ServiceNow were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. bought a new position in ServiceNow in the 4th quarter worth $29,000. AdvisorNet Financial Inc raised its holdings in ServiceNow by 266.7% during the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Sachetta LLC bought a new stake in ServiceNow during the fourth quarter valued at about $35,000. Disciplined Equity Management Inc. bought a new stake in ServiceNow during the fourth quarter valued at about $35,000. Finally, PFG Private Wealth Management LLC bought a new stake in ServiceNow during the first quarter valued at about $38,000. 87.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

NOW has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Wells Fargo & Company raised their price target on ServiceNow from $875.00 to $900.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. Guggenheim reissued a “sell” rating and set a $640.00 price target on shares of ServiceNow in a report on Monday, July 8th. Jefferies Financial Group raised their price objective on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $820.00 price objective on shares of ServiceNow in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and an average target price of $812.80.

Insider Activity

In other news, insider Paul John Smith sold 125 shares of ServiceNow stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the sale, the insider now owns 3,112 shares of the company’s stock, valued at $2,263,606.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christopher Bedi sold 215 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the transaction, the insider now owns 15,892 shares of the company’s stock, valued at $11,124,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul John Smith sold 125 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the transaction, the insider now directly owns 3,112 shares of the company’s stock, valued at approximately $2,263,606.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,530 shares of company stock valued at $3,997,012. Corporate insiders own 0.25% of the company’s stock.

ServiceNow Trading Up 0.3 %

Shares of NYSE:NOW traded up $2.46 during trading hours on Thursday, hitting $738.53. 1,517,947 shares of the company’s stock traded hands, compared to its average volume of 1,286,451. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $815.32. The business has a fifty day moving average price of $739.82 and a 200-day moving average price of $747.19. The firm has a market capitalization of $151.40 billion, a P/E ratio of 78.72, a price-to-earnings-growth ratio of 4.77 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 (NYSE:NOW) last posted its quarterly earnings results 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. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equities analysts expect that ServiceNow, Inc. will post 6.5 earnings per share for the current year.

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.