Affiance Financial LLC Sells 380 Shares of ServiceNow, Inc. (NYSE:NOW)

Affiance Financial LLC lowered its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 27.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,002 shares of the information technology services provider’s stock after selling 380 shares during the period. Affiance Financial LLC’s holdings in ServiceNow were worth $764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. G&S Capital LLC bought a new position in ServiceNow during the 1st quarter valued at about $2,212,000. TrueMark Investments LLC lifted its stake in shares of ServiceNow by 13.3% in the 1st quarter. TrueMark Investments LLC now owns 2,437 shares of the information technology services provider’s stock worth $1,858,000 after purchasing an additional 286 shares during the period. Brookstone Capital Management lifted its stake in shares of ServiceNow by 9.1% in the 1st quarter. Brookstone Capital Management now owns 11,466 shares of the information technology services provider’s stock worth $8,742,000 after purchasing an additional 957 shares during the period. CFM Wealth Partners LLC lifted its stake in shares of ServiceNow by 140.4% in the 1st quarter. CFM Wealth Partners LLC now owns 3,435 shares of the information technology services provider’s stock worth $2,619,000 after purchasing an additional 2,006 shares during the period. Finally, IAM Advisory LLC lifted its stake in shares of ServiceNow by 2.1% in the 1st quarter. IAM Advisory LLC now owns 1,059 shares of the information technology services provider’s stock worth $807,000 after purchasing an additional 22 shares during the period. Institutional investors own 87.18% of the company’s stock.

Insider Activity

In other news, insider Paul John Smith sold 190 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the sale, the insider now directly owns 3,010 shares of the company’s stock, valued at $2,163,527.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Paul John Smith sold 190 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the sale, the insider now directly owns 3,010 shares of the company’s stock, valued at $2,163,527.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Tzitzon sold 2,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $690.99, for a total transaction of $1,381,980.00. Following the sale, the insider now directly owns 3,649 shares of the company’s stock, valued at $2,521,422.51. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,530 shares of company stock valued at $3,997,012. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NOW has been the topic of several recent research reports. Robert W. Baird increased their price objective on shares of ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 7th. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 7th. KeyCorp reduced their target price on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. UBS Group reduced their target price on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, JMP Securities reissued a “market outperform” rating and issued a $825.00 target price on shares of ServiceNow in a report on Tuesday, May 7th. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $814.48.

ServiceNow Trading Up 1.1 %

NYSE NOW traded up $8.64 on Thursday, hitting $762.55. 62,774 shares of the stock were exchanged, compared to its average volume of 1,272,205. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average price of $723.87 and a two-hundred day moving average price of $739.98. The firm has a market capitalization of $156.32 billion, a P/E ratio of 80.67, a P/E/G ratio of 4.73 and a beta of 0.96. ServiceNow, Inc. has a 52-week low of $527.24 and a 52-week high of $815.32.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.41 by $0.41. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. Research analysts forecast that ServiceNow, Inc. will post 6.5 EPS 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.