ServiceNow, Inc. (NYSE:NOW) Shares Bought by Darwin Wealth Management LLC

Darwin Wealth Management LLC boosted its position in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 4.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 516 shares of the information technology services provider’s stock after acquiring an additional 21 shares during the period. Darwin Wealth Management LLC’s holdings in ServiceNow were worth $288,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AFT Forsyth & Company Inc. lifted its stake in shares of ServiceNow by 7.9% in the third quarter. AFT Forsyth & Company Inc. now owns 3,355 shares of the information technology services provider’s stock worth $1,875,000 after buying an additional 245 shares in the last quarter. Van Hulzen Asset Management LLC purchased a new position in shares of ServiceNow in the third quarter worth about $3,828,000. Patron Partners LLC lifted its stake in shares of ServiceNow by 5.3% in the third quarter. Patron Partners LLC now owns 600 shares of the information technology services provider’s stock worth $335,000 after buying an additional 30 shares in the last quarter. Financial Counselors Inc. lifted its stake in shares of ServiceNow by 1.6% in the third quarter. Financial Counselors Inc. now owns 21,793 shares of the information technology services provider’s stock worth $12,181,000 after buying an additional 342 shares in the last quarter. Finally, LCM Capital Management Inc purchased a new position in shares of ServiceNow in the third quarter worth about $205,000. Institutional investors and hedge funds own 87.14% of the company’s stock.

Insiders Place Their Bets

In other ServiceNow news, General Counsel Russell S. Elmer sold 56 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $616.08, for a total transaction of $34,500.48. Following the sale, the general counsel now directly owns 4,225 shares of the company’s stock, valued at approximately $2,602,938. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Russell S. Elmer sold 56 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $616.08, for a total transaction of $34,500.48. Following the transaction, the general counsel now directly owns 4,225 shares in the company, valued at approximately $2,602,938. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Chirantan Jitendra Desai sold 3,150 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $671.84, for a total transaction of $2,116,296.00. Following the transaction, the chief operating officer now owns 38,904 shares in the company, valued at $26,137,263.36. The disclosure for this sale can be found here. Insiders have sold 7,960 shares of company stock valued at $5,311,778 in the last ninety days. Insiders own 0.28% of the company’s stock.

ServiceNow Stock Performance

NYSE:NOW opened at $782.00 on Wednesday. The stock has a market cap of $160.31 billion, a PE ratio of 93.44, a price-to-earnings-growth ratio of 5.04 and a beta of 1.05. ServiceNow, Inc. has a fifty-two week low of $405.37 and a fifty-two week high of $789.91. The firm’s fifty day simple moving average is $708.51 and its 200-day simple moving average is $623.64. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.20.

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

Analysts Set New Price Targets

NOW has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of ServiceNow from $740.00 to $820.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Needham & Company LLC boosted their price target on shares of ServiceNow from $660.00 to $900.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Argus boosted 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. Wells Fargo & Company boosted their price objective on shares of ServiceNow from $675.00 to $725.00 and gave the stock an “overweight” rating in a research report on Thursday, November 30th. Finally, Morgan Stanley upped their price target on shares of ServiceNow from $630.00 to $648.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $750.93.

Check Out Our Latest Report on NOW

About ServiceNow

(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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