Moss Adams Wealth Advisors LLC Acquires 138 Shares of ServiceNow, Inc. (NYSE:NOW)

Moss Adams Wealth Advisors LLC increased its stake in ServiceNow, Inc. (NYSE:NOW) by 45.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 442 shares of the information technology services provider’s stock after purchasing an additional 138 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in ServiceNow were worth $395,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NOW. Generate Investment Management Ltd increased its holdings in shares of ServiceNow by 9.5% in the 3rd quarter. Generate Investment Management Ltd now owns 16,165 shares of the information technology services provider’s stock worth $14,458,000 after buying an additional 1,401 shares during the last quarter. Accurate Wealth Management LLC grew its position in ServiceNow by 83.4% in the third quarter. Accurate Wealth Management LLC now owns 1,623 shares of the information technology services provider’s stock worth $1,506,000 after acquiring an additional 738 shares in the last quarter. Net Worth Advisory Group bought a new position in ServiceNow in the third quarter valued at $963,000. Stratos Wealth Partners LTD. increased its stake in ServiceNow by 12.2% in the third 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. Finally, Strategic Advocates LLC raised its position in ServiceNow by 216.8% during the third quarter. Strategic Advocates LLC now owns 3,393 shares of the information technology services provider’s stock valued at $3,035,000 after purchasing an additional 2,322 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $921.80 on Friday. The business has a fifty day moving average price of $874.61 and a 200-day moving average price of $791.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $188.97 billion, a PE ratio of 98.59, 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 $949.59.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the company earned $0.77 earnings per share. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities analysts expect that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 187 shares of ServiceNow stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $795.58, for a total value of $148,773.46. Following the completion of the sale, the insider now owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Gina Mastantuono sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following 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 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 Paul John Smith sold 187 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $795.58, for a total transaction of $148,773.46. Following the sale, the insider now owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,267 shares of company stock valued at $5,935,447. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on NOW. TD Cowen increased their price objective on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Guggenheim reissued a “sell” rating and set a $640.00 price target on shares of ServiceNow in a research note on Monday, July 8th. Robert W. Baird upped their price objective on shares of ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $900.00 target price on shares of ServiceNow in a report on Monday, September 9th. Finally, Mizuho boosted their price target on shares of ServiceNow from $850.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price of $914.15.

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.