Annex Advisory Services LLC Has $16.53 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Annex Advisory Services LLC increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,476 shares of the information technology services provider’s stock after acquiring an additional 2,074 shares during the period. Annex Advisory Services LLC’s holdings in ServiceNow were worth $16,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. HCR Wealth Advisors grew its stake in shares of ServiceNow by 6.3% in the 3rd quarter. HCR Wealth Advisors now owns 3,096 shares of the information technology services provider’s stock valued at $2,769,000 after purchasing an additional 183 shares during the period. Burns Matteson Capital Management LLC bought a new stake in ServiceNow in the third quarter valued at $353,000. Ritholtz Wealth Management raised its stake in ServiceNow by 7.1% during the third quarter. Ritholtz Wealth Management now owns 2,475 shares of the information technology services provider’s stock worth $2,214,000 after acquiring an additional 164 shares in the last quarter. Covea Finance lifted its holdings in shares of ServiceNow by 583.3% during the third quarter. Covea Finance now owns 49,200 shares of the information technology services provider’s stock valued at $44,004,000 after acquiring an additional 42,000 shares during the period. Finally, Perfromance Wealth Partners LLC boosted its stake in shares of ServiceNow by 134.5% in the 3rd quarter. Perfromance Wealth Partners LLC now owns 973 shares of the information technology services provider’s stock valued at $870,000 after purchasing an additional 558 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Down 0.6 %

NYSE:NOW opened at $938.59 on Friday. The firm has a market capitalization of $192.41 billion, a price-to-earnings ratio of 100.38, a PEG ratio of 5.63 and a beta of 0.99. ServiceNow, Inc. has a 1-year low of $527.24 and a 1-year high of $949.00. The business’s 50-day moving average price is $861.16 and its two-hundred day moving average price is $786.23. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping the consensus estimate of $2.85 by $0.28. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The business had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm earned $0.77 EPS. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, equities analysts expect that ServiceNow, Inc. will post 6.78 earnings per share for the current year.

Insider Activity

In other ServiceNow 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 transaction, the chief financial officer now directly owns 11,490 shares in the company, valued at approximately $9,479,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jacqueline P. Canney sold 804 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total transaction of $652,848.00. Following the sale, the insider now directly owns 3,027 shares in the company, valued at $2,457,924. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the transaction, the chief financial officer now owns 11,490 shares of the company’s stock, valued at approximately $9,479,250. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,914 shares of company stock valued at $5,608,936 in the last quarter. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NOW shares. Evercore ISI increased their target price on shares of ServiceNow from $850.00 to $950.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of ServiceNow from $780.00 to $820.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Needham & Company LLC restated a “buy” rating and set a $900.00 price target on shares of ServiceNow in a research report on Monday, September 9th. Robert W. Baird lifted their price objective on ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Piper Sandler increased their target price on ServiceNow from $830.00 to $850.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $880.04.

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.