Highline Wealth Partners LLC Has $627,000 Holdings in ServiceNow, Inc. (NYSE:NOW)

Highline Wealth Partners LLC grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 7.8% in the 4th quarter, Holdings Channel reports. The fund owned 591 shares of the information technology services provider’s stock after purchasing an additional 43 shares during the quarter. Highline Wealth Partners LLC’s holdings in ServiceNow were worth $627,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MGO One Seven LLC increased its position in shares of ServiceNow by 39.8% in the second quarter. MGO One Seven LLC now owns 2,787 shares of the information technology services provider’s stock valued at $2,192,000 after acquiring an additional 794 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of ServiceNow by 9.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 212 shares of the information technology services provider’s stock valued at $167,000 after buying an additional 18 shares in the last quarter. Linscomb Wealth Inc. increased its holdings in ServiceNow by 3.3% during the second quarter. Linscomb Wealth Inc. now owns 2,412 shares of the information technology services provider’s stock worth $1,897,000 after buying an additional 78 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in ServiceNow by 1.9% in the second quarter. Achmea Investment Management B.V. now owns 14,748 shares of the information technology services provider’s stock valued at $11,602,000 after acquiring an additional 276 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in shares of ServiceNow by 4.6% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 8,027 shares of the information technology services provider’s stock valued at $6,315,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 66 shares of ServiceNow stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the sale, the insider now directly owns 3,027 shares in the company, valued at $3,173,173.83. The trade was a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nicholas Tzitzon sold 313 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total transaction of $333,219.80. Following the completion of the transaction, the insider now owns 3,649 shares in the company, valued at approximately $3,884,725.40. The trade was a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,629 shares of company stock valued at $20,861,626. Corporate insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on NOW. JMP Securities lifted their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 17th. Wells Fargo & Company boosted their price objective on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. The Goldman Sachs Group raised their target price on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday. UBS Group raised their price objective on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada increased their target price on ServiceNow from $1,045.00 to $1,210.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,071.39.

ServiceNow Stock Down 1.8 %

Shares of NYSE:NOW traded down $19.33 during trading on Friday, reaching $1,029.75. 716,315 shares of the stock were exchanged, compared to its average volume of 999,729. The stock has a fifty day moving average of $1,062.40 and a two-hundred day moving average of $919.80. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,157.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $212.13 billion, a price-to-earnings ratio of 160.15, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned $1.21 earnings per share. Research analysts anticipate 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.