ServiceNow, Inc. (NYSE:NOW) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 12.3% in the third quarter, Holdings Channel reports. The firm owned 301,840 shares of the information technology services provider’s stock after buying an additional 32,961 shares during the period. Natixis Advisors LLC’s holdings in ServiceNow were worth $269,963,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NOW. Linscomb Wealth Inc. lifted its position in shares of ServiceNow by 3.7% in the third quarter. Linscomb Wealth Inc. now owns 2,502 shares of the information technology services provider’s stock valued at $2,238,000 after acquiring an additional 90 shares in the last quarter. Valley Wealth Managers Inc. grew its holdings in shares of ServiceNow by 10.9% during the third quarter. Valley Wealth Managers Inc. now owns 591 shares of the information technology services provider’s stock worth $529,000 after buying an additional 58 shares in the last quarter. Empowered Funds LLC raised its position in shares of ServiceNow by 34.0% in the third quarter. Empowered Funds LLC now owns 7,087 shares of the information technology services provider’s stock valued at $6,339,000 after buying an additional 1,797 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of ServiceNow by 2.5% in the third quarter. Empirical Finance LLC now owns 6,644 shares of the information technology services provider’s stock worth $5,942,000 after buying an additional 159 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in ServiceNow by 13.4% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 574 shares of the information technology services provider’s stock worth $513,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Activity

In other ServiceNow news, insider Jacqueline P. Canney sold 94 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 4,019 shares of the company’s stock, valued at approximately $3,319,372.48. This trade represents a 2.29 % decrease in their position. The transaction was disclosed in a legal 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 company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the sale, the director now owns 42,920 shares of the company’s stock, valued at $43,740,630.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,325 shares of company stock valued at $5,024,928 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NOW. Royal Bank of Canada raised their target price on shares of ServiceNow from $985.00 to $1,045.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI lifted their price target on ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. JMP Securities upped their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a “market outperform” rating in a report on Thursday, October 17th. Morgan Stanley lowered shares of ServiceNow from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $900.00 to $960.00 in a report on Monday, October 21st. Finally, Canaccord Genuity Group raised their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $974.04.

ServiceNow Stock Down 2.7 %

ServiceNow stock opened at $1,011.39 on Friday. The stock’s fifty day moving average is $932.47 and its two-hundred day moving average is $823.24. The stock has a market cap of $208.35 billion, a PE ratio of 157.29, a P/E/G ratio of 6.00 and a beta of 0.98. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,061.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the firm posted $1.21 EPS. The company’s revenue was up 22.2% on a year-over-year basis. On average, sell-side analysts expect that ServiceNow, Inc. will post 7.07 EPS 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.