241 Shares in ServiceNow, Inc. (NYSE:NOW) Acquired by Verus Capital Partners LLC

Verus Capital Partners LLC bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 241 shares of the information technology services provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC boosted its holdings in ServiceNow by 4.1% in the first quarter. Quent Capital LLC now owns 770 shares of the information technology services provider’s stock worth $587,000 after purchasing an additional 30 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of ServiceNow by 20.8% in the first quarter. Avantax Advisory Services Inc. now owns 4,210 shares of the information technology services provider’s stock worth $3,209,000 after acquiring an additional 724 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of ServiceNow by 7.4% in the first quarter. Kingsview Wealth Management LLC now owns 2,568 shares of the information technology services provider’s stock worth $1,958,000 after acquiring an additional 178 shares during the period. Leo Wealth LLC grew its holdings in shares of ServiceNow by 11.4% in the first quarter. Leo Wealth LLC now owns 731 shares of the information technology services provider’s stock worth $561,000 after acquiring an additional 75 shares during the period. Finally, RFP Financial Group LLC grew its holdings in shares of ServiceNow by 264.3% in the first quarter. RFP Financial Group LLC now owns 51 shares of the information technology services provider’s stock worth $39,000 after acquiring an additional 37 shares during the period. Institutional investors own 87.18% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NOW. Truist Financial lifted their price objective on ServiceNow from $780.00 to $900.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Citigroup lifted their price objective on ServiceNow from $1,068.00 to $1,071.00 and gave the stock a “buy” rating in a report on Friday, October 25th. UBS Group lifted their price objective on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Evercore ISI lifted their price objective on ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Morgan Stanley downgraded ServiceNow from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $900.00 to $960.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $974.04.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at $3,060,115.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other ServiceNow news, Director Jeffrey A. Miller sold 2,879 shares of the business’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 transaction of $2,934,046.48. Following the sale, the director now directly owns 42,920 shares of the company’s stock, valued at $43,740,630.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 76 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total value of $76,831.44. Following the transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $3,060,115.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,259 shares of company stock valued at $4,955,741 over the last ninety days. 0.25% of the stock is owned by insiders.

ServiceNow Trading Down 0.3 %

Shares of NOW stock opened at $1,045.53 on Thursday. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,061.66. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $920.45 and its 200-day moving average price is $818.12. The stock has a market capitalization of $215.38 billion, a price-to-earnings ratio of 162.60, a price-to-earnings-growth ratio of 6.02 and a beta of 0.98.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue was up 22.2% compared to the same quarter last year. Equities research analysts predict that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

About ServiceNow

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.