Fiduciary Alliance LLC Purchases 102 Shares of ServiceNow, Inc. (NYSE:NOW)

Fiduciary Alliance LLC increased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 31.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 427 shares of the information technology services provider’s stock after acquiring an additional 102 shares during the quarter. Fiduciary Alliance LLC’s holdings in ServiceNow were worth $382,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Creekmur Asset Management LLC bought a new stake in ServiceNow during the first quarter worth $25,000. Versant Capital Management Inc boosted its position in ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 28 shares during the last quarter. EntryPoint Capital LLC boosted its position in ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 39 shares during the last quarter. Ridgewood Investments LLC purchased a new position in ServiceNow in the second quarter worth $32,000. Finally, Semmax Financial Advisors Inc. purchased a new position in ServiceNow in the second quarter worth $39,000. Institutional investors own 87.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on NOW shares. Robert W. Baird boosted their price objective on ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their price target on ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Citigroup upped their price target on ServiceNow from $909.00 to $911.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Guggenheim reaffirmed a “sell” rating and set a $640.00 price target on shares of ServiceNow in a research report on Monday, July 8th. Finally, UBS Group upped their price target on ServiceNow from $900.00 to $1,055.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $880.04.

ServiceNow Trading Up 0.6 %

Shares of NOW stock opened at $944.69 on Tuesday. The stock has a market capitalization of $193.66 billion, a PE ratio of 101.04, a P/E/G 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 $949.59. The business has a 50-day moving average of $864.42 and a 200 day moving average of $787.72. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12.

ServiceNow (NYSE:NOW) last issued its 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 analysts’ expectations of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.77 EPS. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 6.78 earnings per share for the current year.

Insider Activity at ServiceNow

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 11,490 shares in the company, valued at approximately $9,479,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other ServiceNow news, Director Paul Edward Chamberlain sold 135 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $822.00, for a total value of $110,970.00. Following the completion of the sale, the director now owns 10,767 shares in the company, valued at approximately $8,850,474. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 worth $5,608,936 in the last ninety days. 0.25% of the stock is owned by company insiders.

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.