180 Wealth Advisors LLC Has $935,000 Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

180 Wealth Advisors LLC grew its position in ServiceNow, Inc. (NYSE:NOW) by 15.4% during the 1st quarter, Holdings Channel reports. The firm owned 1,226 shares of the information technology services provider’s stock after purchasing an additional 164 shares during the quarter. 180 Wealth Advisors LLC’s holdings in ServiceNow were worth $935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of ServiceNow in the 4th quarter valued at $29,000. AdvisorNet Financial Inc lifted its position in ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Sachetta LLC acquired a new position in ServiceNow during the 4th quarter worth about $35,000. Disciplined Equity Management Inc. acquired a new position in ServiceNow during the 4th quarter worth about $35,000. Finally, Fortitude Family Office LLC acquired a new position in ServiceNow during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Up 2.7 %

Shares of NYSE NOW traded up $20.22 during trading hours on Thursday, hitting $774.13. The company had a trading volume of 1,157,290 shares, compared to its average volume of 1,281,515. The stock has a market capitalization of $158.70 billion, a P/E ratio of 82.41, a price-to-earnings-growth ratio of 4.73 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 1-year low of $527.24 and a 1-year high of $815.32. The firm’s 50 day moving average is $724.24 and its 200-day moving average is $740.08.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.41 by $0.41. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. On average, analysts expect that ServiceNow, Inc. will post 6.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup upped their price target on shares of ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Stifel Nicolaus reiterated a “buy” rating and set a $820.00 price target on shares of ServiceNow in a research report on Wednesday, March 20th. BMO Capital Markets reduced their price target on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. KeyCorp dropped their price objective on ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $900.00 price objective on shares of ServiceNow in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $814.48.

Insider Activity

In other ServiceNow news, insider Nicholas Tzitzon sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $690.99, for a total transaction of $1,381,980.00. Following the completion of the sale, the insider now owns 3,649 shares of the company’s stock, valued at approximately $2,521,422.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other ServiceNow news, insider Paul John Smith sold 190 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total transaction of $136,568.20. Following the completion of the sale, the insider now owns 3,010 shares of the company’s stock, valued at approximately $2,163,527.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nicholas Tzitzon sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $690.99, for a total value of $1,381,980.00. Following the sale, the insider now directly owns 3,649 shares of the company’s stock, valued at approximately $2,521,422.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,530 shares of company stock valued at $3,997,012. 0.25% of the stock is owned by insiders.

About ServiceNow

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.