By otakuyassine3@gmail.com 
Brighton Jones LLC lifted its holdings in ServiceNow, Inc. (NYSE:NOW – Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,753 shares of the information technology services provider’s stock after purchasing an additional 30 shares during the period. Brighton Jones LLC’s holdings in ServiceNow were worth $2,919,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in NOW. Sustainable Insight Capital Management LLC increased its stake in shares of ServiceNow by 65.9% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 760 shares of the information technology services provider’s stock worth $806,000 after purchasing an additional 302 shares in the last quarter. Montecito Bank & Trust acquired a new position in shares of ServiceNow during the fourth quarter valued at approximately $613,000. Veracity Capital LLC boosted its stake in shares of ServiceNow by 4.6% in the fourth quarter. Veracity Capital LLC now owns 1,030 shares of the information technology services provider’s stock worth $1,092,000 after acquiring an additional 45 shares during the last quarter. Secure Asset Management LLC purchased a new stake in shares of ServiceNow during the fourth quarter worth approximately $503,000. Finally, Red Door Wealth Management LLC lifted its holdings in ServiceNow by 6.5% in the 4th quarter. Red Door Wealth Management LLC now owns 7,901 shares of the information technology services provider’s stock valued at $8,376,000 after purchasing an additional 481 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, insider Jacqueline P. Canney sold 455 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $1,058.54, for a total transaction of $481,635.70. Following the completion of the sale, the insider now owns 3,027 shares in the company, valued at $3,204,200.58. This represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William R. Mcdermott sold 12,271 shares of ServiceNow 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 completion of the sale, the chief executive officer now directly owns 2,595 shares in the company, valued at $2,588,953.65. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,731 shares of company stock valued at $21,016,751 over the last quarter. 0.25% of the stock is currently owned by insiders.
ServiceNow Stock Up 0.6 %
NOW opened at $1,132.30 on Friday. The stock has a market capitalization of $233.25 billion, a P/E ratio of 176.10, a price-to-earnings-growth ratio of 5.11 and a beta of 0.99. 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, Inc. has a one year low of $637.99 and a one year high of $1,157.90. The business’s 50-day simple moving average is $1,072.95 and its 200-day simple moving average is $938.64.
ServiceNow (NYSE:NOW – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.46 by $0.26. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. ServiceNow’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 earned $1.21 EPS. Analysts anticipate that ServiceNow, Inc. will post 7.06 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently weighed in on NOW. Truist Financial boosted their price target on shares of ServiceNow from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research report on Thursday, December 12th. Evercore ISI raised their price objective on shares of ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen raised their price target on shares of ServiceNow from $1,025.00 to $1,300.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Oppenheimer upped their price objective on ServiceNow from $1,020.00 to $1,150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, UBS Group lifted their target price on ServiceNow from $900.00 to $1,055.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ServiceNow has an average rating of “Moderate Buy” and a consensus price target of $1,093.34.
Read Our Latest Research Report on NOW
ServiceNow 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.
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