Oliver Lagore Vanvalin Investment Group Has $42,000 Stake in ServiceNow, Inc. (NYSE:NOW)

Oliver Lagore Vanvalin Investment Group raised its position in ServiceNow, Inc. (NYSE:NOW) by 30.4% during the fourth quarter, Holdings Channel reports. The firm owned 60 shares of the information technology services provider’s stock after purchasing an additional 14 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in ServiceNow were worth $42,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. PFG Private Wealth Management LLC acquired a new position in shares of ServiceNow during the 3rd quarter valued at $28,000. First Capital Advisors Group LLC. acquired a new position in shares of ServiceNow during the 2nd quarter valued at $29,000. High Net Worth Advisory Group LLC acquired a new position in shares of ServiceNow during the 1st quarter valued at $29,000. AdvisorNet Financial Inc lifted its position in shares of ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Finally, Steward Financial Group LLC lifted its position in shares of ServiceNow by 125.0% during the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In related news, insider Paul John Smith sold 1,795 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the sale, the insider now directly owns 994 shares of the company’s stock, valued at $776,373.64. 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 1,795 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the transaction, the insider now directly owns 994 shares in the company, valued at $776,373.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the transaction, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock valued at $9,940,303 over the last three months. 0.25% of the stock is owned by corporate insiders.

ServiceNow Price Performance

NOW opened at $731.47 on Friday. ServiceNow, Inc. has a fifty-two week low of $427.68 and a fifty-two week high of $815.32. The firm has a market cap of $150.23 billion, a P/E ratio of 86.98, a PEG ratio of 4.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50-day moving average of $766.17 and a 200 day moving average of $700.64.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. ServiceNow’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. On average, research analysts expect that ServiceNow, Inc. will post 6.16 EPS for the current year.

Wall Street Analyst Weigh In

NOW has been the subject of a number of recent research reports. Barclays boosted their price target on shares of ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. Oppenheimer boosted their price target on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. UBS Group boosted their price target on shares of ServiceNow from $885.00 to $920.00 and gave the company a “buy” rating in a research note on Monday. Royal Bank of Canada upped their target price on shares of ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $820.00 target price on shares of ServiceNow in a research note on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average target price of $780.37.

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.