ServiceNow, Inc. (NYSE:NOW) Shares Purchased by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,010 shares of the information technology services provider’s stock after purchasing an additional 18 shares during the quarter. ServiceNow makes up about 0.6% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 28th biggest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in ServiceNow were worth $1,581,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Creekmur Asset Management LLC purchased a new stake in ServiceNow during the 1st quarter valued at about $25,000. Versant Capital Management Inc grew its position in shares of ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after purchasing an additional 28 shares in the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new stake in shares of ServiceNow in the fourth quarter valued at approximately $29,000. EntryPoint Capital LLC increased its holdings in shares of ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in ServiceNow during the second quarter worth approximately $32,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling

In other news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the sale, the chief financial officer now owns 11,490 shares in the company, valued at $9,479,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ServiceNow news, General Counsel Russell S. Elmer sold 1,937 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the transaction, the general counsel now directly owns 6,736 shares of the company’s stock, valued at approximately $5,252,800.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the completion of the transaction, the chief financial officer now owns 11,490 shares in the company, valued at $9,479,250. The disclosure for this sale can be found here. Insiders have sold 6,914 shares of company stock worth $5,608,936 in the last ninety days. 0.25% of the stock is owned by corporate insiders.

ServiceNow Stock Down 1.2 %

Shares of ServiceNow stock traded down $10.36 during trading on Friday, hitting $825.04. 1,070,842 shares of the stock were exchanged, compared to its average volume of 1,286,472. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The firm’s 50-day moving average price is $799.33 and its 200 day moving average price is $762.78. The stock has a market cap of $169.13 billion, a price-to-earnings ratio of 88.28, a price-to-earnings-growth ratio of 5.13 and a beta of 0.99. ServiceNow, Inc. has a 12-month low of $527.24 and a 12-month high of $863.85.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 EPS. As a group, analysts forecast that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NOW. KeyCorp cut their target price on ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Wolfe Research reaffirmed an “outperform” rating and set a $830.00 price target on shares of ServiceNow in a research report on Friday, May 10th. Canaccord Genuity Group reiterated a “buy” rating and issued a $835.00 price objective on shares of ServiceNow in a research report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Citigroup increased their price target on ServiceNow from $909.00 to $911.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and a consensus target price of $849.62.

ServiceNow 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.