780 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC bought a new stake in ServiceNow, Inc. (NYSE:NOWFree Report) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 780 shares of the information technology services provider’s stock, valued at approximately $698,000.

Other large investors also recently made changes to their positions in the company. Syon Capital LLC raised its holdings in shares of ServiceNow by 51.7% in the 4th quarter. Syon Capital LLC now owns 810 shares of the information technology services provider’s stock worth $572,000 after purchasing an additional 276 shares during the period. EP Wealth Advisors LLC raised its stake in shares of ServiceNow by 67.4% during the fourth quarter. EP Wealth Advisors LLC now owns 2,107 shares of the information technology services provider’s stock valued at $1,489,000 after acquiring an additional 848 shares during the last quarter. SageView Advisory Group LLC raised its stake in ServiceNow by 155.8% in the fourth quarter. SageView Advisory Group LLC now owns 2,914 shares of the information technology services provider’s stock worth $2,059,000 after buying an additional 1,775 shares in the last quarter. Trust Co. of Vermont raised its stake in ServiceNow by 38.9% in the fourth quarter. Trust Co. of Vermont now owns 264 shares of the information technology services provider’s stock worth $187,000 after buying an additional 74 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in ServiceNow in the fourth quarter worth $244,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NOW shares. Stifel Nicolaus increased their target price on ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Robert W. Baird raised their price target on ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Barclays raised their price target on ServiceNow from $890.00 to $980.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial raised their price target on ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Finally, Citigroup lifted their target price on ServiceNow from $909.00 to $911.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $880.04.

Get Our Latest Analysis on NOW

ServiceNow Trading Up 0.7 %

NOW opened at $945.50 on Monday. The firm has a market cap of $193.83 billion, a price-to-earnings ratio of 100.38, a PEG ratio of 5.63 and a beta of 0.99. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. ServiceNow, Inc. has a 12 month low of $527.24 and a 12 month high of $949.00. The stock has a fifty day moving average price of $861.16 and a 200-day moving average price of $786.43.

ServiceNow (NYSE:NOWGet Free Report) last released its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities research analysts anticipate that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the transaction, the general counsel now directly owns 6,736 shares in the company, valued at $5,252,800.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other ServiceNow news, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the sale, the general counsel now owns 6,736 shares in the company, valued at approximately $5,252,800.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 1,800 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following the sale, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,914 shares of company stock worth $5,608,936 in the last ninety days. 0.25% of the stock is owned by insiders.

ServiceNow Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOWFree Report).

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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