ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Boston Family Office LLC

Boston Family Office LLC lifted its position in ServiceNow, Inc. (NYSE:NOW) by 0.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,626 shares of the information technology services provider’s stock after purchasing an additional 168 shares during the period. ServiceNow comprises about 1.4% of Boston Family Office LLC’s portfolio, making the stock its 25th biggest holding. Boston Family Office LLC’s holdings in ServiceNow were worth $20,236,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Quent Capital LLC grew its position in shares of ServiceNow by 4.1% during the first quarter. Quent Capital LLC now owns 770 shares of the information technology services provider’s stock worth $587,000 after acquiring an additional 30 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 39 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in ServiceNow by 31.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 3,859 shares of the information technology services provider’s stock worth $2,942,000 after acquiring an additional 931 shares during the period. Bayesian Capital Management LP grew its holdings in ServiceNow by 183.8% during the first quarter. Bayesian Capital Management LP now owns 2,009 shares of the information technology services provider’s stock worth $1,532,000 after acquiring an additional 1,301 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its position in shares of ServiceNow by 3.8% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,945 shares of the information technology services provider’s stock valued at $1,483,000 after purchasing an additional 71 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 3,027 shares in the company, valued at $3,060,115.38. This trade represents a 2.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey A. Miller sold 2,879 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the completion of the sale, the director now directly owns 42,920 shares in the company, valued at approximately $43,740,630.40. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,787 shares of company stock worth $17,841,028 over the last ninety days. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Trading Up 1.3 %

NYSE NOW opened at $1,060.60 on Monday. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,064.59. The stock has a 50-day simple moving average of $948.53 and a 200 day simple moving average of $836.29. The company has a market capitalization of $218.48 billion, a PE ratio of 164.95, a P/E/G ratio of 6.09 and a beta of 0.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16.

ServiceNow (NYSE:NOW) last announced its quarterly 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 company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the company earned $1.21 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. Research analysts forecast that ServiceNow, Inc. will post 7.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on NOW shares. JMP Securities raised their price objective on ServiceNow from $850.00 to $1,000.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on ServiceNow from $820.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price objective on ServiceNow from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Royal Bank of Canada lifted their price target on ServiceNow from $985.00 to $1,045.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their price target on ServiceNow from $900.00 to $990.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and an average price target of $989.07.

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.