3,032 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by Guided Capital Wealth Management LLC

Guided Capital Wealth Management LLC purchased a new position in ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,032 shares of the information technology services provider’s stock, valued at approximately $3,214,000. ServiceNow comprises 2.9% of Guided Capital Wealth Management LLC’s investment portfolio, making the stock its 12th largest position.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in ServiceNow by 14.8% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 729 shares of the information technology services provider’s stock worth $652,000 after buying an additional 94 shares during the period. Procyon Advisors LLC boosted its stake in ServiceNow by 83.7% during the third quarter. Procyon Advisors LLC now owns 2,001 shares of the information technology services provider’s stock worth $1,788,000 after buying an additional 912 shares during the period. Fiduciary Alliance LLC boosted its stake in ServiceNow by 31.4% during the third quarter. Fiduciary Alliance LLC now owns 427 shares of the information technology services provider’s stock worth $382,000 after buying an additional 102 shares during the period. CX Institutional boosted its stake in ServiceNow by 1.2% during the third quarter. CX Institutional now owns 1,089 shares of the information technology services provider’s stock worth $974,000 after buying an additional 13 shares during the period. Finally, Wesbanco Bank Inc. boosted its stake in ServiceNow by 40.8% during the third quarter. Wesbanco Bank Inc. now owns 366 shares of the information technology services provider’s stock worth $327,000 after buying an additional 106 shares during the period. Institutional investors own 87.18% of the company’s stock.

Insider Activity

In other news, insider Jacqueline P. Canney sold 94 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1,016.54, for a total transaction of $95,554.76. Following the transaction, the insider now owns 3,027 shares in the company, valued at $3,077,066.58. This represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anita M. Sands sold 2,229 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 $2,372,993.40. Following the transaction, the director now owns 11,000 shares in the company, valued at approximately $11,710,600. This trade represents a 16.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,809 shares of company stock worth $25,174,184 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $1,008.63 on Wednesday. The company has a market capitalization of $207.78 billion, a PE ratio of 147.68, a P/E/G ratio of 4.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50-day simple moving average of $1,079.78 and a two-hundred day simple moving average of $968.21. ServiceNow, Inc. has a one year low of $637.99 and a one year high of $1,198.09.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.67. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. Research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

ServiceNow declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 29th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

NOW has been the subject of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of ServiceNow from $1,250.00 to $1,200.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus boosted their target price on shares of ServiceNow from $900.00 to $990.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Guggenheim reissued a “sell” rating and set a $716.00 target price on shares of ServiceNow in a research note on Wednesday, January 22nd. StockNews.com lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Oppenheimer boosted their target price on shares of ServiceNow from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average price target of $1,129.72.

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.