World Investment Advisors LLC Grows Stock Position in ServiceNow, Inc. (NYSE:NOW)

World Investment Advisors LLC boosted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 585.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,549 shares of the information technology services provider's stock after acquiring an additional 5,594 shares during the quarter. World Investment Advisors LLC's holdings in ServiceNow were worth $5,857,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NOW. Catalyst Financial Partners LLC grew its stake in shares of ServiceNow by 1.0% in the 3rd quarter. Catalyst Financial Partners LLC now owns 1,146 shares of the information technology services provider's stock worth $1,025,000 after acquiring an additional 11 shares in the last quarter. First Affirmative Financial Network boosted its holdings in ServiceNow by 1.4% during the third quarter. First Affirmative Financial Network now owns 895 shares of the information technology services provider's stock worth $801,000 after purchasing an additional 12 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in ServiceNow by 14.6% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 94 shares of the information technology services provider's stock worth $84,000 after purchasing an additional 12 shares in the last quarter. BluePointe Capital Management LLC increased its stake in ServiceNow by 0.6% in the 3rd quarter. BluePointe Capital Management LLC now owns 2,014 shares of the information technology services provider's stock valued at $1,801,000 after buying an additional 12 shares during the last quarter. Finally, Morling Financial Advisors LLC lifted its position in shares of ServiceNow by 2.5% during the 2nd quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider's stock worth $415,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Price Performance

Shares of NOW traded down $31.95 during mid-day trading on Friday, reaching $1,116.47. 674,165 shares of the stock traded hands, compared to its average volume of 1,276,776. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,157.90. The company has a market cap of $229.99 billion, a price-to-earnings ratio of 178.64, a price-to-earnings-growth ratio of 6.58 and a beta of 0.99. The firm has a fifty day moving average price of $1,002.75 and a 200 day moving average price of $868.23.

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

Insider Activity at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the sale, the insider now owns 3,027 shares of the company's stock, valued at $2,799,853.92. The trade was a 10.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kevin Thomas Mcbride sold 100 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $1,023.97, for a total value of $102,397.00. Following the transaction, the insider now owns 3,457 shares in the company, valued at $3,539,864.29. This trade represents a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,629 shares of company stock valued at $20,861,626 over the last three months. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on NOW. KeyCorp lowered ServiceNow from an "overweight" rating to a "sector weight" rating in a report on Friday. Stifel Nicolaus raised their target price on ServiceNow from $900.00 to $990.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Jefferies Financial Group boosted their price target on shares of ServiceNow from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. JMP Securities raised their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a "market outperform" rating in a report on Thursday, October 17th. Finally, Mizuho boosted their target price on shares of ServiceNow from $1,070.00 to $1,210.00 and gave the company an "outperform" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,034.96.

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.