SeaCrest Wealth Management LLC Cuts Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

SeaCrest Wealth Management LLC trimmed its position in ServiceNow, Inc. (NYSE:NOW) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,430 shares of the information technology services provider’s stock after selling 27 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in ServiceNow were worth $1,643,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of ServiceNow by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 17,753,781 shares of the information technology services provider’s stock valued at $9,923,653,000 after acquiring an additional 122,577 shares during the last quarter. State Street Corp increased its stake in ServiceNow by 2.0% in the second quarter. State Street Corp now owns 8,240,319 shares of the information technology services provider’s stock worth $4,630,812,000 after purchasing an additional 158,165 shares during the period. Morgan Stanley lifted its position in shares of ServiceNow by 4.3% during the fourth quarter. Morgan Stanley now owns 7,071,786 shares of the information technology services provider’s stock worth $2,745,763,000 after purchasing an additional 288,522 shares during the last quarter. FMR LLC lifted its position in shares of ServiceNow by 17.3% during the third quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after purchasing an additional 595,697 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of ServiceNow by 2.3% during the first quarter. Geode Capital Management LLC now owns 3,589,941 shares of the information technology services provider’s stock valued at $1,663,879,000 after purchasing an additional 79,037 shares during the period. Institutional investors own 87.18% of the company’s stock.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 5,159 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the sale, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Paul John Smith sold 5,159 shares of the firm’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 sale, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,164 shares of company stock worth $9,940,303. Insiders own 0.24% of the company’s stock.

ServiceNow Stock Performance

Shares of ServiceNow stock traded up $2.61 during trading hours on Thursday, hitting $761.61. 1,083,650 shares of the company were exchanged, compared to its average volume of 1,235,363. The business has a 50-day moving average of $769.61 and a 200-day moving average of $680.16. ServiceNow, Inc. has a 1 year low of $427.68 and a 1 year 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 stock has a market capitalization of $156.13 billion, a price-to-earnings ratio of 91.16, a P/E/G ratio of 4.96 and a beta of 0.97.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, analysts expect that ServiceNow, Inc. will post 6.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NOW has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of ServiceNow from $865.00 to $885.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Wells Fargo & Company raised their price objective on ServiceNow from $675.00 to $725.00 and gave the stock an “overweight” rating in a report on Thursday, November 30th. Stifel Nicolaus restated a “buy” rating and set a $820.00 price target on shares of ServiceNow in a research note on Wednesday, March 20th. Royal Bank of Canada boosted their price objective on shares of ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, TheStreet upgraded ServiceNow from a “c+” rating to a “b-” rating in a report on Friday, December 8th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and a consensus price target of $762.96.

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.