ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Waldron Private Wealth LLC

Waldron Private Wealth LLC grew its position in ServiceNow, Inc. (NYSE:NOW) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,820 shares of the information technology services provider’s stock after purchasing an additional 49 shares during the period. Waldron Private Wealth LLC’s holdings in ServiceNow were worth $3,417,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NOW. Swedbank AB purchased a new stake in ServiceNow in the first quarter valued at $897,908,000. Vanguard Group Inc. grew its holdings in ServiceNow by 1.8% during the first quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock worth $14,066,715,000 after acquiring an additional 331,797 shares during the period. AustralianSuper Pty Ltd purchased a new position in ServiceNow during the second quarter valued at approximately $218,786,000. Acadian Asset Management LLC grew its stake in shares of ServiceNow by 233.4% during the 1st quarter. Acadian Asset Management LLC now owns 387,225 shares of the information technology services provider’s stock worth $295,198,000 after purchasing an additional 271,073 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of ServiceNow by 59.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 635,919 shares of the information technology services provider’s stock valued at $500,258,000 after purchasing an additional 237,086 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ServiceNow

In other news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the transaction, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following the transaction, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at $9,479,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 135 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $822.00, for a total transaction of $110,970.00. Following the completion of the transaction, the director now owns 10,767 shares of the company’s stock, valued at $8,850,474. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,267 shares of company stock valued at $5,935,447 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

ServiceNow Trading Up 0.1 %

Shares of NYSE NOW traded up $0.66 during midday trading on Tuesday, reaching $919.00. 491,200 shares of the stock were exchanged, compared to its average volume of 1,269,060. The stock has a market capitalization of $188.40 billion, a P/E ratio of 98.47, a PEG ratio of 5.63 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day simple moving average of $876.85 and a 200 day simple moving average of $793.35. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $949.59.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.85 by $0.28. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities analysts expect that ServiceNow, Inc. will post 6.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NOW shares. Piper Sandler increased their price target on shares of ServiceNow from $830.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Mizuho lifted their price target on ServiceNow from $850.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Robert W. Baird raised their price objective on ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. UBS Group upped their target price on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, TD Cowen boosted their price target on shares of ServiceNow from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $923.00.

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.