Cornerstone Planning Group LLC Has $62,000 Holdings in ServiceNow, Inc. (NYSE:NOW)

Cornerstone Planning Group LLC reduced its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 16.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65 shares of the information technology services provider’s stock after selling 13 shares during the period. Cornerstone Planning Group LLC’s holdings in ServiceNow were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Haverford Trust Co raised its position in shares of ServiceNow by 7.1% in the third quarter. Haverford Trust Co now owns 1,169 shares of the information technology services provider’s stock valued at $1,046,000 after purchasing an additional 78 shares during the period. Empower Advisory Group LLC grew its stake in ServiceNow by 1.2% in the 3rd quarter. Empower Advisory Group LLC now owns 3,416 shares of the information technology services provider’s stock valued at $3,055,000 after buying an additional 40 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in ServiceNow by 20.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 33,850 shares of the information technology services provider’s stock worth $30,275,000 after acquiring an additional 5,803 shares during the period. Prime Capital Investment Advisors LLC lifted its position in ServiceNow by 8.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 12,925 shares of the information technology services provider’s stock worth $11,560,000 after acquiring an additional 1,044 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in ServiceNow during the third quarter valued at about $378,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 94 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $825.92, for a total transaction of $77,636.48. Following the sale, the insider now owns 4,019 shares of the company’s stock, valued at $3,319,372.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ServiceNow news, insider Jacqueline P. Canney sold 94 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $825.92, for a total transaction of $77,636.48. Following the transaction, the insider now owns 4,019 shares of the company’s stock, valued at approximately $3,319,372.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Miller sold 2,879 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the completion of the transaction, the director now owns 42,920 shares in the company, valued at $43,740,630.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,359 shares of company stock valued at $5,038,241. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NOW shares. Jefferies Financial Group boosted their price objective on ServiceNow from $900.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. KeyCorp upped their price target on ServiceNow from $1,020.00 to $1,040.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. UBS Group raised their price objective on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their target price on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Oppenheimer raised their price target on shares of ServiceNow from $825.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $974.04.

ServiceNow Trading Up 0.2 %

Shares of ServiceNow stock opened at $1,050.00 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $216.30 billion, a P/E ratio of 163.03, a price-to-earnings-growth ratio of 5.95 and a beta of 0.98. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,053.26. The company has a 50-day simple moving average of $920.45 and a 200 day simple moving average of $818.12.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping the consensus estimate of $3.46 by $0.26. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. ServiceNow’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. Research analysts expect that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal 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.