Accurate Wealth Management LLC Has $1.51 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

Accurate Wealth Management LLC raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 83.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,623 shares of the information technology services provider’s stock after purchasing an additional 738 shares during the period. Accurate Wealth Management LLC’s holdings in ServiceNow were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NOW. Net Worth Advisory Group bought a new stake in shares of ServiceNow in the 3rd quarter valued at about $963,000. Stratos Wealth Partners LTD. increased its stake in shares of ServiceNow by 12.2% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,646 shares of the information technology services provider’s stock valued at $7,733,000 after acquiring an additional 938 shares during the last quarter. Strategic Advocates LLC increased its stake in shares of ServiceNow by 216.8% in the 3rd quarter. Strategic Advocates LLC now owns 3,393 shares of the information technology services provider’s stock valued at $3,035,000 after acquiring an additional 2,322 shares during the last quarter. Aspiriant LLC bought a new stake in ServiceNow during the 3rd quarter worth approximately $309,000. Finally, Trust Point Inc. increased its stake in ServiceNow by 3.7% during the 3rd quarter. Trust Point Inc. now owns 1,399 shares of the information technology services provider’s stock worth $1,251,000 after purchasing an additional 50 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Up 0.5 %

Shares of NYSE NOW opened at $921.80 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $949.59. The stock has a market capitalization of $188.97 billion, a P/E ratio of 98.59, a PEG ratio of 5.63 and a beta of 0.99. The stock’s fifty day moving average is $874.61 and its 200 day moving average is $791.74.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NOW shares. JMP Securities increased their target price on ServiceNow from $850.00 to $1,000.00 and gave the stock a “market outperform” rating in a research note on Thursday. Barclays increased their target price on ServiceNow from $890.00 to $980.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. TD Cowen raised their price target on shares of ServiceNow from $870.00 to $900.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Evercore ISI raised their price target on shares of ServiceNow from $850.00 to $950.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada increased their price objective on ServiceNow from $850.00 to $880.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. One 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $914.15.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total value of $326,510.88. Following the transaction, the insider now owns 3,027 shares in the company, valued at $2,799,853.92. 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 available at this link. In other news, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the sale, the insider now directly owns 3,649 shares of the company’s stock, valued at approximately $3,027,502.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the sale, the insider now directly owns 3,027 shares in the company, valued at $2,799,853.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,267 shares of company stock worth $5,935,447 over the last 90 days. Insiders own 0.25% of the company’s stock.

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.