Centaurus Financial Inc. Buys 110 Shares of ServiceNow, Inc. (NYSE:NOW)

Centaurus Financial Inc. grew its holdings in ServiceNow, Inc. (NYSE:NOW – Get Rating) by 13.9% during the 3rd quarter, Holdings Channel reports. The firm owned 900 shares of the information technology services provider’s stock after purchasing an additional 110 shares during the period. Centaurus Financial Inc.’s holdings in ServiceNow were worth $340,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NOW. RB Capital Management LLC grew its holdings in ServiceNow by 25.2% during the first quarter. RB Capital Management LLC now owns 954 shares of the information technology services provider’s stock valued at $531,000 after purchasing an additional 192 shares during the period. Zions Bancorporation N.A. increased its holdings in shares of ServiceNow by 17.9% in the first quarter. Zions Bancorporation N.A. now owns 875 shares of the information technology services provider’s stock valued at $487,000 after purchasing an additional 133 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of ServiceNow by 728.0% in the first quarter. Brown Brothers Harriman & Co. now owns 1,921 shares of the information technology services provider’s stock valued at $1,070,000 after purchasing an additional 1,689 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of ServiceNow by 9.0% in the first quarter. Parkside Financial Bank & Trust now owns 350 shares of the information technology services provider’s stock valued at $195,000 after purchasing an additional 29 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of ServiceNow by 0.7% in the first quarter. NewEdge Advisors LLC now owns 11,671 shares of the information technology services provider’s stock valued at $6,499,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 86.31% of the company’s stock.

Insider Transactions at ServiceNow

In related news, insider Lara Caimi sold 2,975 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $431.58, for a total value of $1,283,950.50. Following the completion of the sale, the insider now directly owns 98 shares of the company’s stock, valued at $42,294.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other ServiceNow news, CEO William R. Mcdermott sold 2,483 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $455.03, for a total transaction of $1,129,831.05. Following the transaction, the chief executive officer now owns 53,117 shares of the company’s stock, valued at approximately $24,169,647.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lara Caimi sold 2,975 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $431.58, for a total transaction of $1,283,950.50. Following the transaction, the insider now directly owns 98 shares in the company, valued at approximately $42,294.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,016 shares of company stock valued at $28,805,543. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of ServiceNow from $625.00 to $525.00 and set a “buy” rating on the stock in a research note on Monday, January 23rd. Morgan Stanley raised their price objective on shares of ServiceNow from $520.00 to $612.00 and gave the company an “overweight” rating in a report on Monday, December 19th. JPMorgan Chase & Co. raised their price objective on shares of ServiceNow from $485.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, January 26th. Truist Financial downgraded shares of ServiceNow from a “buy” rating to a “hold” rating and decreased their target price for the company from $525.00 to $420.00 in a research report on Monday, January 9th. Finally, Wolfe Research raised their price objective on shares of ServiceNow from $500.00 to $510.00 and gave the stock an “outperform” rating in a research report on Thursday, January 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $517.47.

ServiceNow Stock Down 0.3 %

NYSE:NOW opened at $441.00 on Friday. The company has a market cap of $89.52 billion, a price-to-earnings ratio of 275.63, a price-to-earnings-growth ratio of 5.66 and a beta of 1.03. ServiceNow, Inc. has a twelve month low of $337.00 and a twelve month high of $601.62. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $439.00 and a 200-day simple moving average of $412.18.

ServiceNow (NYSE:NOW – Get Rating) last issued its earnings results on Wednesday, January 25th. The information technology services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.28. ServiceNow had a net margin of 4.49% and a return on equity of 9.37%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.93 billion. Analysts anticipate that ServiceNow, Inc. will post 2.64 EPS for the current year.

About ServiceNow

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ServiceNow, Inc engages in the provision of enterprise cloud computing solutions. The firm delivers digital workflows on a single enterprise cloud platform called the Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. The company was founded by Frederic B.