Atria Wealth Solutions Inc. Buys 459 Shares of ServiceNow, Inc. (NYSE:NOW)

Atria Wealth Solutions Inc. raised its position in shares of ServiceNow, Inc. (NYSE:NOW) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,008 shares of the information technology services provider’s stock after buying an additional 459 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in ServiceNow were worth $9,446,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in ServiceNow in the fourth quarter worth $1,648,259,000. Swedbank AB purchased a new position in ServiceNow during the first quarter valued at $897,908,000. Global Assets Advisory LLC acquired a new stake in ServiceNow in the 1st quarter worth about $403,034,000. Vanguard Group Inc. increased its position in shares of ServiceNow by 1.8% during the first quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock worth $14,066,715,000 after purchasing an additional 331,797 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in ServiceNow by 18.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,754,027 shares of the information technology services provider’s stock worth $1,239,198,000 after acquiring an additional 271,153 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Up 0.1 %

NOW stock traded up $0.55 on Wednesday, reaching $838.77. The company’s stock had a trading volume of 609,542 shares, compared to its average volume of 1,310,466. The business has a fifty day simple moving average of $777.79 and a two-hundred day simple moving average of $758.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $171.95 billion, a PE ratio of 89.71, a PEG ratio of 4.82 and a beta of 0.99. ServiceNow, Inc. has a 12-month low of $527.24 and a 12-month high of $850.33.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.28. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, research analysts forecast that ServiceNow, Inc. will post 6.84 EPS for the current year.

Insider Activity

In related news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $738.88, for a total value of $1,329,984.00. Following the completion of the transaction, the chief financial officer now owns 13,290 shares in the company, valued at $9,819,715.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Frederic B. Luddy sold 598 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $741.92, for a total transaction of $443,668.16. Following the transaction, the director now directly owns 428 shares in the company, valued at approximately $317,541.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $738.88, for a total value of $1,329,984.00. Following the sale, the chief financial officer now directly owns 13,290 shares of the company’s stock, valued at approximately $9,819,715.20. The disclosure for this sale can be found here. Insiders have sold 9,670 shares of company stock worth $7,374,352 over the last ninety days. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NOW shares. Citigroup upped their target price on shares of ServiceNow from $909.00 to $911.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Piper Sandler raised their price objective on ServiceNow from $830.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Robert W. Baird raised their target price on shares of ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Wells Fargo & Company lifted their price objective on ServiceNow from $920.00 to $935.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus boosted their target price on shares of ServiceNow from $820.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $849.62.

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.