Axxcess Wealth Management LLC Boosts Stock Position in ServiceNow, Inc. (NYSE:NOW)

Axxcess Wealth Management LLC grew its stake in ServiceNow, Inc. (NYSE:NOWFree Report) by 0.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,019 shares of the information technology services provider’s stock after purchasing an additional 144 shares during the quarter. ServiceNow makes up about 4.8% of Axxcess Wealth Management LLC’s holdings, making the stock its 3rd largest position. Axxcess Wealth Management LLC owned approximately 0.12% of ServiceNow worth $140,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Advanced Portfolio Management LLC bought a new stake in ServiceNow during the third quarter worth $423,000. Advisors Asset Management Inc. lifted its holdings in ServiceNow by 97.1% during the third quarter. Advisors Asset Management Inc. now owns 3,315 shares of the information technology services provider’s stock worth $1,853,000 after acquiring an additional 1,633 shares during the period. Akaris Global Partners LP lifted its holdings in ServiceNow by 11.4% during the third quarter. Akaris Global Partners LP now owns 41,200 shares of the information technology services provider’s stock worth $23,029,000 after acquiring an additional 4,200 shares during the period. Shelton Capital Management lifted its holdings in ServiceNow by 31.2% during the third quarter. Shelton Capital Management now owns 7,143 shares of the information technology services provider’s stock worth $3,993,000 after acquiring an additional 1,700 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in ServiceNow by 2.7% during the third quarter. Glenmede Trust Co. NA now owns 46,353 shares of the information technology services provider’s stock worth $25,909,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 87.14% of the company’s stock.

Analyst Ratings Changes

NOW has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on ServiceNow from $675.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, November 30th. Mizuho raised their target price on ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Needham & Company LLC raised their target price on ServiceNow from $660.00 to $900.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. TheStreet raised ServiceNow from a “c+” rating to a “b-” rating in a research report on Friday, December 8th. Finally, Argus lifted their price target on ServiceNow from $675.00 to $770.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $750.93.

View Our Latest Stock Analysis on ServiceNow

ServiceNow Price Performance

NOW stock traded up $2.29 during mid-day trading on Friday, hitting $773.63. 912,577 shares of the stock were exchanged, compared to its average volume of 1,148,050. 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 business has a fifty day moving average price of $747.82 and a 200 day moving average price of $655.48. ServiceNow, Inc. has a 12 month low of $405.37 and a 12 month high of $815.32. The stock has a market capitalization of $158.59 billion, a price-to-earnings ratio of 91.98, a PEG ratio of 4.91 and a beta of 0.97.

ServiceNow (NYSE:NOWGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 6.11 EPS for the current year.

Insider Activity

In other news, insider Paul John Smith sold 5,159 shares of the business’s 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 sale, the insider now owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other ServiceNow 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 transaction of $3,787,992.40. Following the completion of the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value 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. In the last quarter, insiders sold 13,164 shares of company stock valued at $9,940,303. Insiders own 0.24% of the company’s stock.

ServiceNow Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.