Annex Advisory Services LLC Purchases 3,471 Shares of ServiceNow, Inc. (NYSE:NOW)

Annex Advisory Services LLC lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,947 shares of the information technology services provider's stock after buying an additional 3,471 shares during the quarter. Annex Advisory Services LLC's holdings in ServiceNow were worth $23,266,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in ServiceNow in the third quarter worth $30,000. DT Investment Partners LLC raised its holdings in ServiceNow by 77.3% in the third quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock worth $35,000 after purchasing an additional 17 shares during the period. Semmax Financial Advisors Inc. acquired a new stake in ServiceNow in the second quarter worth $39,000. Oakworth Capital Inc. raised its holdings in ServiceNow by 46.7% in the third quarter. Oakworth Capital Inc. now owns 44 shares of the information technology services provider's stock worth $39,000 after purchasing an additional 14 shares during the period. Finally, Dunhill Financial LLC raised its holdings in ServiceNow by 70.0% in the third quarter. Dunhill Financial LLC now owns 51 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Price Performance

Shares of ServiceNow stock traded up $14.86 during midday trading on Monday, hitting $1,072.02. 1,079,535 shares of the company traded hands, compared to its average volume of 944,889. The stock has a market cap of $220.84 billion, a price-to-earnings ratio of 166.72, a PEG ratio of 4.65 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. The firm's fifty day moving average price is $1,069.67 and its 200-day moving average price is $933.26. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,157.90.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.26. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The firm's revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 EPS. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

Insiders Place Their Bets

In other ServiceNow news, insider Kevin Thomas Mcbride sold 100 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $1,023.97, for a total transaction of $102,397.00. Following the transaction, the insider now owns 3,457 shares in the company, valued at approximately $3,539,864.29. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 455 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $1,058.54, for a total transaction of $481,635.70. Following the transaction, the insider now owns 3,027 shares in the company, valued at approximately $3,204,200.58. The trade was a 13.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,731 shares of company stock valued at $21,016,751 in the last ninety days. 0.25% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NOW shares. Sanford C. Bernstein increased their target price on shares of ServiceNow from $906.00 to $913.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of ServiceNow from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Royal Bank of Canada increased their price objective on shares of ServiceNow from $1,045.00 to $1,210.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. StockNews.com raised shares of ServiceNow from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their price objective on shares of ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,080.38.

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.