Worth Financial Advisory Group LLC Has $891,000 Stock Holdings in ServiceNow, Inc. $NOW

Worth Financial Advisory Group LLC lowered its stake in ServiceNow, Inc. (NYSE:NOW) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 867 shares of the information technology services provider’s stock after selling 19 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in ServiceNow were worth $891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NOW. Brighton Jones LLC increased its stake in shares of ServiceNow by 1.1% during the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock worth $2,919,000 after purchasing an additional 30 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of ServiceNow by 66.5% during the 1st quarter. Versant Capital Management Inc now owns 268 shares of the information technology services provider’s stock worth $213,000 after acquiring an additional 107 shares in the last quarter. AdvisorNet Financial Inc lifted its position in shares of ServiceNow by 20.9% during the 1st quarter. AdvisorNet Financial Inc now owns 156 shares of the information technology services provider’s stock worth $124,000 after buying an additional 27 shares during the last quarter. GoalVest Advisory LLC boosted its stake in shares of ServiceNow by 34.5% in the 1st quarter. GoalVest Advisory LLC now owns 78 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 20 shares in the last quarter. Finally, Global Financial Private Client LLC increased its holdings in shares of ServiceNow by 1,900.0% during the first quarter. Global Financial Private Client LLC now owns 60 shares of the information technology services provider’s stock worth $48,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE NOW opened at $936.76 on Friday. The stock has a market cap of $194.85 billion, a price-to-earnings ratio of 117.98, a PEG ratio of 4.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The firm’s 50-day simple moving average is $919.74 and its 200 day simple moving average is $926.99.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.52. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the prior year, the company posted $3.13 earnings per share. ServiceNow’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ServiceNow news, General Counsel Russell S. Elmer sold 1,698 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $884.26, for a total value of $1,501,473.48. Following the transaction, the general counsel owned 4,332 shares of the company’s stock, valued at approximately $3,830,614.32. The trade was a 28.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $866.45, for a total value of $1,489,427.55. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at approximately $2,599,350. This represents a 36.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,976 shares of company stock valued at $17,049,775. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NOW shares. Wells Fargo & Company lifted their price target on shares of ServiceNow from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. DA Davidson lifted their price objective on ServiceNow from $1,150.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley upgraded ServiceNow from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,040.00 to $1,250.00 in a research report on Wednesday. Citigroup raised their target price on ServiceNow from $1,160.00 to $1,234.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Finally, FBN Securities raised ServiceNow to a “strong-buy” rating in a research note on Wednesday, June 11th. One research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,122.20.

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.