Addison Advisors LLC Buys 23 Shares of ServiceNow, Inc. (NYSE:NOW)

Addison Advisors LLC raised its stake in ServiceNow, Inc. (NYSE:NOW) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103 shares of the information technology services provider’s stock after acquiring an additional 23 shares during the period. Addison Advisors LLC’s holdings in ServiceNow were worth $73,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Argonautica Private Wealth Management Inc. increased its holdings in ServiceNow by 1.0% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,376 shares of the information technology services provider’s stock valued at $972,000 after purchasing an additional 13 shares during the last quarter. Wealth Management Partners LLC increased its holdings in ServiceNow by 2.7% in the fourth quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock valued at $375,000 after purchasing an additional 14 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased its holdings in ServiceNow by 30.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 14 shares during the last quarter. Trust Co. of Vermont increased its holdings in ServiceNow by 8.6% in the third quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 15 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings in ServiceNow by 3.6% in the fourth quarter. Claro Advisors LLC now owns 428 shares of the information technology services provider’s stock valued at $302,000 after purchasing an additional 15 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Activity

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

ServiceNow Trading Up 1.0 %

NYSE:NOW traded up $7.30 during mid-day trading on Friday, reaching $723.55. 1,445,884 shares of the company’s stock traded hands, compared to its average volume of 1,087,368. The firm has a market capitalization of $148.60 billion, a price-to-earnings ratio of 77.39, a PEG ratio of 4.57 and a beta of 0.97. The company has a 50 day moving average price of $759.21 and a 200-day moving average price of $708.95. ServiceNow, Inc. has a 12-month low of $427.68 and a 12-month high of $815.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm earned $0.88 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, sell-side analysts predict that ServiceNow, Inc. will post 6.16 earnings per share for the current year.

Wall Street Analyst Weigh In

NOW has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $825.00 price target on shares of ServiceNow in a report on Tuesday, April 23rd. StockNews.com cut ServiceNow from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley increased their price objective on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday. KeyCorp cut their price target on ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Royal Bank of Canada raised their price target on ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and an average price target of $792.00.

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.