Relyea Zuckerberg Hanson LLC Purchases 393 Shares of ServiceNow, Inc. (NYSE:NOW)

Relyea Zuckerberg Hanson LLC boosted its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 89.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 832 shares of the information technology services provider's stock after acquiring an additional 393 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in ServiceNow were worth $882,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in shares of ServiceNow during the 3rd quarter worth $30,000. DT Investment Partners LLC grew its position 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 valued at $35,000 after acquiring an additional 17 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new position in ServiceNow during the second quarter worth about $39,000. Oakworth Capital Inc. lifted its holdings in shares of 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 acquiring an additional 14 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in shares of ServiceNow by 70.0% in the 3rd quarter. Dunhill Financial LLC now owns 51 shares of the information technology services provider's stock valued at $46,000 after purchasing an additional 21 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jacqueline P. Canney sold 76 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $3,060,115.38. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 12,271 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the transaction, the chief executive officer now directly owns 2,595 shares of the company's stock, valued at approximately $2,588,953.65. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,731 shares of company stock valued at $21,016,751. Company insiders own 0.25% of the company's stock.

ServiceNow Stock Performance

Shares of NYSE NOW traded up $14.86 during trading on Friday, reaching $1,072.02. 1,079,535 shares of the stock traded hands, compared to its average volume of 944,889. The company has a 50-day moving average of $1,069.67 and a 200-day moving average of $931.27. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,157.90. The stock has a market capitalization of $220.84 billion, a P/E ratio of 166.72, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The company's revenue was up 22.2% compared to the same quarter last year. Analysts forecast that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their price objective on ServiceNow from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Morgan Stanley downgraded ServiceNow from an "overweight" rating to an "equal weight" rating and upped their price objective for the company from $900.00 to $960.00 in a research note on Monday, October 21st. The Goldman Sachs Group lifted their target price on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. upped their price target on shares of ServiceNow from $820.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein raised their price target on shares of ServiceNow from $906.00 to $913.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,080.38.

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.