Householder Group Estate & Retirement Specialist LLC Cuts Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Householder Group Estate & Retirement Specialist LLC lessened its position in ServiceNow, Inc. (NYSE:NOW) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166 shares of the information technology services provider’s stock after selling 53 shares during the quarter. Householder Group Estate & Retirement Specialist LLC’s holdings in ServiceNow were worth $175,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC lifted its stake in shares of ServiceNow by 89.5% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 832 shares of the information technology services provider’s stock worth $882,000 after buying an additional 393 shares in the last quarter. Avanza Fonder AB acquired a new stake in ServiceNow in the 4th quarter valued at about $14,853,000. Wealthcare Advisory Partners LLC lifted its stake in ServiceNow by 0.8% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 5,552 shares of the information technology services provider’s stock worth $5,886,000 after purchasing an additional 44 shares in the last quarter. Procyon Advisors LLC boosted its holdings in shares of ServiceNow by 4.7% during the 4th quarter. Procyon Advisors LLC now owns 2,095 shares of the information technology services provider’s stock worth $2,221,000 after purchasing an additional 94 shares during the last quarter. Finally, Everpar Advisors LLC purchased a new stake in shares of ServiceNow in the fourth quarter valued at approximately $212,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NOW shares. Robert W. Baird lifted their price objective on ServiceNow from $900.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Oppenheimer upped their price objective on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. UBS Group lifted their target price on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company increased their price target on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,080.38.

Insider Activity

In related news, CEO William R. Mcdermott sold 12,271 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the sale, the chief executive officer now owns 2,595 shares in the company, valued at $2,588,953.65. This represents a 82.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 66 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the completion of the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at $3,173,173.83. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,731 shares of company stock worth $21,016,751. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Stock Performance

NYSE:NOW opened at $1,072.02 on Friday. The company has a market cap of $220.84 billion, a price-to-earnings ratio of 166.72, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,157.90. The company has a fifty day simple moving average of $1,068.39 and a two-hundred day simple moving average of $929.31.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company earned $1.21 EPS. ServiceNow’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities analysts anticipate that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal 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.