Bender Robert & Associates Acquires 208 Shares of ServiceNow, Inc. (NYSE:NOW)

Bender Robert & Associates grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,463 shares of the information technology services provider’s stock after acquiring an additional 208 shares during the period. ServiceNow comprises 2.6% of Bender Robert & Associates’ holdings, making the stock its 14th biggest position. Bender Robert & Associates’ holdings in ServiceNow were worth $10,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. RB Capital Management LLC boosted its position in ServiceNow by 25.2% during the first quarter. RB Capital Management LLC now owns 954 shares of the information technology services provider’s stock worth $531,000 after purchasing an additional 192 shares during the period. Zions Bancorporation N.A. lifted its stake in shares of ServiceNow by 17.9% during the 1st quarter. Zions Bancorporation N.A. now owns 875 shares of the information technology services provider’s stock worth $487,000 after buying an additional 133 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of ServiceNow by 728.0% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,921 shares of the information technology services provider’s stock worth $1,070,000 after buying an additional 1,689 shares during the period. Parkside Financial Bank & Trust grew its stake in ServiceNow by 9.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 350 shares of the information technology services provider’s stock valued at $195,000 after buying an additional 29 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in ServiceNow by 0.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,671 shares of the information technology services provider’s stock valued at $6,499,000 after acquiring an additional 86 shares during the period. 87.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NOW shares. Robert W. Baird boosted their price objective on ServiceNow from $780.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Jefferies Financial Group boosted their price target on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Barclays increased their price objective on ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada lifted their target price on ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Needham & Company LLC restated a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a research note on Tuesday. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $780.37.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 5,159 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the transaction, the insider now directly owns 5,453 shares in the company, valued at $4,064,229.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul John Smith sold 5,159 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the transaction, the insider now directly owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The disclosure for this sale can be found here. Insiders have sold a total of 13,164 shares of company stock valued at $9,940,303 in the last 90 days. 0.25% of the stock is owned by corporate insiders.

ServiceNow Price Performance

NYSE NOW traded down $5.09 during trading on Thursday, hitting $731.36. 788,267 shares of the company’s stock were exchanged, compared to its average volume of 1,171,221. The stock’s 50 day moving average price is $767.53 and its two-hundred day moving average price is $700.42. ServiceNow, Inc. has a fifty-two week low of $427.68 and a fifty-two week high of $815.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market cap of $150.21 billion, a PE ratio of 87.68, a P/E/G ratio of 4.71 and a beta of 0.97.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. Research analysts expect that ServiceNow, Inc. will post 6.16 EPS for the current 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.