Great Lakes Advisors LLC Purchases 398 Shares of ServiceNow, Inc. (NYSE:NOW)

Great Lakes Advisors LLC boosted its holdings in ServiceNow, Inc. (NYSE:NOWFree Report) by 80.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 892 shares of the information technology services provider’s stock after purchasing an additional 398 shares during the period. Great Lakes Advisors LLC’s holdings in ServiceNow were worth $499,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Private Wealth Management LLC purchased a new position in ServiceNow during the third quarter valued at approximately $28,000. First Capital Advisors Group LLC. bought a new position in ServiceNow in the second quarter worth about $29,000. High Net Worth Advisory Group LLC purchased a new stake in shares of ServiceNow in the 1st quarter worth about $29,000. Steward Financial Group LLC increased its position in ServiceNow by 125.0% during the 3rd quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 35 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in shares of ServiceNow in the third quarter worth approximately $35,000. 87.14% of the stock is owned by institutional investors.

Insider Buying and Selling at ServiceNow

In other news, insider Paul John Smith sold 129 shares of ServiceNow stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $635.47, for a total value of $81,975.63. Following the sale, the insider now owns 2,057 shares of the company’s stock, valued at $1,307,161.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other ServiceNow news, Director Paul Edward Chamberlain sold 135 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $682.00, for a total transaction of $92,070.00. Following the sale, the director now directly owns 10,744 shares of the company’s stock, valued at approximately $7,327,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul John Smith sold 129 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $635.47, for a total value of $81,975.63. Following the completion of the sale, the insider now directly owns 2,057 shares in the company, valued at $1,307,161.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,575 shares of company stock worth $6,602,686. 0.28% of the stock is owned by company insiders.

ServiceNow Price Performance

NOW stock opened at $777.46 on Wednesday. The business has a fifty day moving average of $719.13 and a two-hundred day moving average of $630.17. ServiceNow, Inc. has a 52-week low of $405.37 and a 52-week high of $789.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.20. The stock has a market cap of $159.38 billion, a price-to-earnings ratio of 92.44, a price-to-earnings-growth ratio of 5.00 and a beta of 0.99.

ServiceNow (NYSE:NOWGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $0.88 EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, research analysts anticipate that ServiceNow, Inc. will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

NOW has been the topic of several research analyst reports. Oppenheimer increased their price target on ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. BMO Capital Markets upped their target price on ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Mizuho lifted their price target on shares of ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Piper Sandler boosted their price target on shares of ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, The Goldman Sachs Group increased their price target on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $750.93.

View Our Latest Research Report on ServiceNow

ServiceNow Profile

(Free Report)

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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