SeaCrest Wealth Management LLC Sells 243 Shares of ServiceNow, Inc. (NYSE:NOW)

SeaCrest Wealth Management LLC cut its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,861 shares of the information technology services provider’s stock after selling 243 shares during the period. SeaCrest Wealth Management LLC’s holdings in ServiceNow were worth $3,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOW. Dimensional Fund Advisors LP grew its position in shares of ServiceNow by 17.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 274,844 shares of the information technology services provider’s stock valued at $216,207,000 after purchasing an additional 39,984 shares during the period. Total Clarity Wealth Management Inc. lifted its stake in ServiceNow by 33.1% in the second quarter. Total Clarity Wealth Management Inc. now owns 438 shares of the information technology services provider’s stock valued at $345,000 after buying an additional 109 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of ServiceNow by 209.8% in the second quarter. Citizens Financial Group Inc. RI now owns 3,021 shares of the information technology services provider’s stock valued at $2,377,000 after buying an additional 2,046 shares during the period. WealthPLAN Partners LLC increased its position in shares of ServiceNow by 3.8% during the second quarter. WealthPLAN Partners LLC now owns 3,258 shares of the information technology services provider’s stock worth $2,563,000 after acquiring an additional 118 shares in the last quarter. Finally, Lmcg Investments LLC raised its holdings in shares of ServiceNow by 2.6% during the second quarter. Lmcg Investments LLC now owns 16,557 shares of the information technology services provider’s stock worth $13,025,000 after acquiring an additional 414 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jacqueline P. Canney sold 76 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total value of $76,831.44. Following the completion of the sale, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,060,115.38. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Tzitzon sold 313 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total transaction of $333,219.80. Following the completion of the transaction, the insider now owns 3,649 shares in the company, valued at $3,884,725.40. This trade represents a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,276 shares of company stock valued at $20,535,115. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOW. Evercore ISI increased their target price on ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on ServiceNow from $1,020.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Sanford C. Bernstein lifted their target price on ServiceNow from $906.00 to $913.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JMP Securities upped their price target on ServiceNow from $850.00 to $1,000.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 17th. Finally, StockNews.com upgraded shares of ServiceNow from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,071.39.

ServiceNow Trading Up 1.4 %

NOW stock opened at $1,029.85 on Wednesday. The stock has a market cap of $212.15 billion, a price-to-earnings ratio of 160.16, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99. The company has a fifty day moving average price of $1,066.34 and a two-hundred day moving average price of $927.52. ServiceNow, Inc. has a one year low of $637.99 and a one year high of $1,157.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping the consensus estimate of $3.46 by $0.26. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. ServiceNow’s revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. Equities analysts anticipate that ServiceNow, Inc. will post 7.07 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.