ServiceNow, Inc. (NYSE:NOW) Stock Position Lifted by Ndwm LLC

Ndwm LLC lifted its holdings in ServiceNow, Inc. (NYSE:NOW) by 0.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,415 shares of the information technology services provider’s stock after purchasing an additional 14 shares during the quarter. ServiceNow accounts for approximately 1.7% of Ndwm LLC’s holdings, making the stock its 11th largest position. Ndwm LLC’s holdings in ServiceNow were worth $1,900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Claro Advisors LLC lifted its holdings in shares of ServiceNow by 16.7% in the second quarter. Claro Advisors LLC now owns 907 shares of the information technology services provider’s stock valued at $714,000 after buying an additional 130 shares during the period. Summit Financial LLC lifted its holdings in shares of ServiceNow by 57.5% in the second quarter. Summit Financial LLC now owns 1,607 shares of the information technology services provider’s stock valued at $1,264,000 after buying an additional 587 shares during the period. Interchange Capital Partners LLC lifted its holdings in shares of ServiceNow by 138.9% in the second quarter. Interchange Capital Partners LLC now owns 810 shares of the information technology services provider’s stock valued at $637,000 after buying an additional 471 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of ServiceNow by 30.9% in the second quarter. Aptus Capital Advisors LLC now owns 28,047 shares of the information technology services provider’s stock valued at $22,064,000 after buying an additional 6,618 shares during the period. Finally, Fortress Wealth Group LLC lifted its holdings in shares of ServiceNow by 16.4% in the second quarter. Fortress Wealth Group LLC now owns 695 shares of the information technology services provider’s stock valued at $532,000 after buying an additional 98 shares during the period. Institutional investors own 87.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NOW shares. Piper Sandler upped their target price on ServiceNow from $830.00 to $850.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup upped their target price on ServiceNow from $909.00 to $911.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wells Fargo & Company upped their target price on ServiceNow from $920.00 to $935.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. BMO Capital Markets upped their target price on ServiceNow from $830.00 to $860.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on ServiceNow from $780.00 to $820.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $849.62.

Insider Activity

In related news, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,490 shares in the company, valued at approximately $9,479,250. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Gina Mastantuono sold 1,800 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the transaction, the chief financial officer now directly owns 11,490 shares in the company, valued at $9,479,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $829.68, for a total value of $1,540,715.76. Following the sale, the insider now directly owns 3,649 shares in the company, valued at approximately $3,027,502.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,129 shares of company stock valued at $5,759,436. Insiders own 0.25% of the company’s stock.

ServiceNow Stock Up 2.9 %

Shares of NYSE NOW traded up $23.73 during mid-day trading on Friday, reaching $855.00. 1,920,980 shares of the company traded hands, compared to its average volume of 957,899. 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 stock has a market cap of $176.13 billion, a PE ratio of 91.44, a price-to-earnings-growth ratio of 5.13 and a beta of 0.99. The company’s fifty day moving average is $791.80 and its two-hundred day moving average is $760.54. ServiceNow, Inc. has a fifty-two week low of $527.24 and a fifty-two week high of $857.25.

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

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.