ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Roble Belko & Company Inc

Roble Belko & Company Inc boosted its holdings in ServiceNow, Inc. (NYSE:NOW) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 295 shares of the information technology services provider’s stock after buying an additional 15 shares during the quarter. Roble Belko & Company Inc’s holdings in ServiceNow were worth $235,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Edgemoor Investment Advisors Inc. grew its stake in shares of ServiceNow by 2.5% during the first quarter. Edgemoor Investment Advisors Inc. now owns 459 shares of the information technology services provider’s stock valued at $366,000 after purchasing an additional 11 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in shares of ServiceNow by 2.5% during the first quarter. Integrated Investment Consultants LLC now owns 450 shares of the information technology services provider’s stock valued at $358,000 after purchasing an additional 11 shares during the last quarter. one8zero8 LLC grew its stake in shares of ServiceNow by 3.2% during the first quarter. one8zero8 LLC now owns 356 shares of the information technology services provider’s stock valued at $283,000 after purchasing an additional 11 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of ServiceNow by 2.1% during the first quarter. Capital Investment Advisory Services LLC now owns 577 shares of the information technology services provider’s stock valued at $459,000 after purchasing an additional 12 shares during the last quarter. Finally, Kesler Norman & Wride LLC grew its stake in shares of ServiceNow by 1.2% during the fourth quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider’s stock valued at $1,157,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NOW. TD Securities reaffirmed a “buy” rating and issued a $1,100.00 price objective on shares of ServiceNow in a research note on Thursday, April 24th. DA Davidson raised their price objective on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Erste Group Bank reaffirmed a “hold” rating on shares of ServiceNow in a research note on Wednesday, July 23rd. Barclays set a $1,210.00 target price on shares of ServiceNow in a report on Thursday, July 24th. Finally, BMO Capital Markets increased their target price on shares of ServiceNow from $1,150.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,115.20.

Insider Transactions at ServiceNow

In other news, CEO William R. Mcdermott sold 2,050 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the transaction, the chief executive officer owned 6,614 shares of the company’s stock, valued at approximately $6,693,434.14. The trade was a 23.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 145 shares of the business’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $147,900.00. Following the transaction, the insider directly owned 3,027 shares in the company, valued at approximately $3,087,540. The trade was a 4.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,233 shares of company stock worth $5,297,758 in the last ninety days. Company insiders own 0.38% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $992.08 on Wednesday. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company’s 50 day moving average is $998.96 and its 200 day moving average is $951.86. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The company has a market cap of $206.35 billion, a PE ratio of 124.95, a price-to-earnings-growth ratio of 4.44 and a beta of 0.94.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.52. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.12 billion. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company earned $3.13 EPS. On average, sell-side analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.