Financial Counselors Inc. Increases Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Financial Counselors Inc. raised its holdings in ServiceNow, Inc. (NYSE:NOWFree Report) by 1.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 21,793 shares of the information technology services provider’s stock after acquiring an additional 342 shares during the quarter. Financial Counselors Inc.’s holdings in ServiceNow were worth $12,181,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mayflower Financial Advisors LLC lifted its position in ServiceNow by 1.4% during the third quarter. Mayflower Financial Advisors LLC now owns 1,271 shares of the information technology services provider’s stock valued at $710,000 after purchasing an additional 18 shares during the period. SageView Advisory Group LLC lifted its holdings in shares of ServiceNow by 1.7% in the 2nd quarter. SageView Advisory Group LLC now owns 1,143 shares of the information technology services provider’s stock valued at $642,000 after buying an additional 19 shares during the period. JT Stratford LLC boosted its stake in shares of ServiceNow by 4.4% in the second quarter. JT Stratford LLC now owns 451 shares of the information technology services provider’s stock worth $253,000 after buying an additional 19 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of ServiceNow by 3.1% in the second quarter. Capital Investment Advisory Services LLC now owns 668 shares of the information technology services provider’s stock worth $375,000 after buying an additional 20 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its position in ServiceNow by 16.0% during the second quarter. Hazlett Burt & Watson Inc. now owns 145 shares of the information technology services provider’s stock valued at $81,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.

Insider Buying and Selling at ServiceNow

In related news, insider Paul John Smith sold 752 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $672.54, for a total transaction of $505,750.08. Following the completion of the sale, the insider now directly owns 1,795 shares of the company’s stock, valued at approximately $1,207,209.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ServiceNow news, Director Paul Edward Chamberlain sold 135 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $682.00, for a total transaction of $92,070.00. Following the transaction, the director now directly owns 10,744 shares in the company, valued at $7,327,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul John Smith sold 752 shares of ServiceNow stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $672.54, for a total value of $505,750.08. Following the completion of the sale, the insider now directly owns 1,795 shares of the company’s stock, valued at $1,207,209.30. The disclosure for this sale can be found here. Insiders have sold 7,960 shares of company stock worth $5,311,778 over the last quarter. 0.28% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho upped their price objective on ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. UBS Group increased their price target on shares of ServiceNow from $865.00 to $885.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Oppenheimer lifted their price objective on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Argus upped their price objective on shares of ServiceNow from $675.00 to $770.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, TheStreet upgraded ServiceNow from a “c+” rating to a “b-” rating in a research report on Friday, December 8th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price of $750.93.

View Our Latest Stock Analysis on NOW

ServiceNow Price Performance

ServiceNow stock opened at $785.79 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $708.51 and a 200 day moving average price of $623.64. ServiceNow, Inc. has a 12-month low of $405.37 and a 12-month high of $789.91. The stock has a market cap of $161.09 billion, a P/E ratio of 93.44, a PEG ratio of 5.04 and a beta of 1.05.

ServiceNow (NYSE:NOWGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 EPS. Sell-side analysts anticipate that ServiceNow, Inc. will post 6.08 earnings per share for the current year.

ServiceNow Company Profile

(Free Report)

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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