F M Investments LLC Sells 105 Shares of ServiceNow, Inc. (NYSE:NOW)

F M Investments LLC reduced its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,801 shares of the information technology services provider’s stock after selling 105 shares during the period. ServiceNow accounts for approximately 1.1% of F M Investments LLC’s investment portfolio, making the stock its 29th biggest position. F M Investments LLC’s holdings in ServiceNow were worth $1,979,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NOW. PFG Private Wealth Management LLC bought a new position in shares of ServiceNow during the third quarter worth about $28,000. AdvisorNet Financial Inc lifted its position in shares of ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares during the period. Steward Financial Group LLC boosted its stake in shares of ServiceNow by 125.0% in the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 35 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of ServiceNow during the third quarter worth $35,000. Finally, OFI Invest Asset Management bought a new position in ServiceNow during the third quarter worth $41,000. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling at ServiceNow

In related news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the transaction, the chief executive officer now directly owns 17,177 shares in the company, valued at approximately $12,935,655.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now directly owns 1,392 shares in the company, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,164 shares of company stock valued at $9,940,303. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $825.00 price target on shares of ServiceNow in a research report on Tuesday. Citigroup boosted their price target on ServiceNow from $896.00 to $906.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. The Goldman Sachs Group lifted their price objective on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Robert W. Baird increased their target price on shares of ServiceNow from $780.00 to $870.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Oppenheimer lifted their price target on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $780.37.

ServiceNow Stock Performance

Shares of NYSE:NOW traded up $19.00 during midday trading on Tuesday, reaching $740.95. The company had a trading volume of 1,056,076 shares, compared to its average volume of 1,178,383. The stock has a market cap of $152.18 billion, a P/E ratio of 88.10, a P/E/G ratio of 4.51 and a beta of 0.97. The company’s 50 day moving average price is $762.24 and its 200 day moving average price is $706.46. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. ServiceNow, Inc. has a 52-week low of $427.68 and a 52-week high of $815.32.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 6.16 EPS for the current fiscal year.

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.