Integral Investment Advisors Inc. Invests $214,000 in ServiceNow, Inc. (NYSE:NOW)

Integral Investment Advisors Inc. bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 303 shares of the information technology services provider’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PFG Private Wealth Management LLC bought a new position in ServiceNow during the third quarter valued at $28,000. First Capital Advisors Group LLC. purchased a new position in shares of ServiceNow during the 2nd quarter worth about $29,000. High Net Worth Advisory Group LLC bought a new position in ServiceNow during the 1st quarter valued at about $29,000. AdvisorNet Financial Inc raised its position in ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares during the period. Finally, Steward Financial Group LLC boosted its position in shares of ServiceNow by 125.0% during the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

NOW has been the topic of several recent analyst reports. JMP Securities increased their price target on ServiceNow from $665.00 to $825.00 and gave the stock a “market outperform” rating in a report on Monday, January 22nd. Citigroup increased their target price on ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research note on Thursday. Barclays boosted their target price on shares of ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. KeyCorp started coverage on shares of ServiceNow in a research report on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $780.37.

Insiders Place Their Bets

In other news, CEO William R. Mcdermott sold 5,030 shares of the business’s 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 sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the sale, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 13th. The shares were 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 quarter, insiders sold 13,164 shares of company stock valued at $9,940,303. Insiders own 0.25% of the company’s stock.

ServiceNow Stock Down 0.6 %

ServiceNow stock traded down $4.42 during midday trading on Thursday, reaching $732.03. The company’s stock had a trading volume of 511,537 shares, compared to its average volume of 1,167,189. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $150.34 billion, a P/E ratio of 87.68, a PEG ratio of 4.71 and a beta of 0.97. The stock’s 50-day simple moving average is $767.53 and its 200-day simple moving average is $700.42. ServiceNow, Inc. has a 52-week low of $427.68 and a 52-week high of $815.32.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.44 billion for 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 company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, sell-side analysts expect that ServiceNow, Inc. will post 6.16 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.