ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC raised its holdings in ServiceNow, Inc. (NYSE:NOW) by 11.5% during the 4th quarter, Holdings Channel reports. The firm owned 32,784 shares of the information technology services provider’s stock after purchasing an additional 3,383 shares during the quarter. ServiceNow comprises 2.1% of Moody Lynn & Lieberson LLC’s investment portfolio, making the stock its 14th biggest holding. Moody Lynn & Lieberson LLC’s holdings in ServiceNow were worth $34,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. B.O.S.S. Retirement Advisors LLC acquired a new position in ServiceNow in the 4th quarter valued at $1,483,000. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of ServiceNow by 13.9% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,991 shares of the information technology services provider’s stock valued at $94,293,000 after purchasing an additional 10,852 shares during the period. Linden Thomas Advisory Services LLC increased its stake in ServiceNow by 13.0% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 5,064 shares of the information technology services provider’s stock valued at $5,368,000 after purchasing an additional 582 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in ServiceNow by 31.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 572 shares of the information technology services provider’s stock worth $606,000 after buying an additional 138 shares during the period. Finally, Fifth Third Bancorp boosted its stake in ServiceNow by 1.1% in the 4th quarter. Fifth Third Bancorp now owns 87,902 shares of the information technology services provider’s stock worth $93,187,000 after buying an additional 942 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $1,124.64 on Friday. The firm has a market cap of $231.68 billion, a PE ratio of 174.91, a price-to-earnings-growth ratio of 5.11 and a beta of 0.99. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,157.90. The firm’s 50-day simple moving average is $1,077.07 and its 200-day simple moving average is $942.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $1.21 EPS. The business’s quarterly revenue was up 22.2% on a year-over-year basis. Equities analysts forecast that ServiceNow, Inc. will post 7.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on NOW shares. Needham & Company LLC upped their price objective on shares of ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, November 25th. JMP Securities lifted their price target on shares of ServiceNow from $1,000.00 to $1,300.00 and gave the company a “market outperform” rating in a report on Tuesday, January 21st. Mizuho upped their price objective on ServiceNow from $1,070.00 to $1,210.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. The Goldman Sachs Group lifted their target price on ServiceNow from $1,050.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Citigroup raised their price objective on ServiceNow from $1,068.00 to $1,071.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $1,093.34.

Insiders Place Their Bets

In related news, insider Jacqueline P. Canney sold 76 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total value of $76,831.44. Following the sale, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,060,115.38. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 12,271 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.57. Following the transaction, the chief executive officer now owns 2,595 shares of the company’s stock, valued at $2,588,953.65. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,731 shares of company stock valued at $21,016,751. Company insiders own 0.25% of the company’s stock.

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.