ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC boosted its holdings in ServiceNow, Inc. (NYSE:NOW) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,925 shares of the information technology services provider’s stock after purchasing an additional 1,044 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in ServiceNow were worth $11,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NOW. Quent Capital LLC raised its stake in 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 purchasing an additional 30 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of ServiceNow by 20.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,210 shares of the information technology services provider’s stock worth $3,209,000 after buying an additional 724 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in ServiceNow by 5.0% in the first quarter. Bleakley Financial Group LLC now owns 4,033 shares of the information technology services provider’s stock valued at $3,075,000 after acquiring an additional 193 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in ServiceNow by 5.5% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 200,143 shares of the information technology services provider’s stock valued at $152,589,000 after acquiring an additional 10,351 shares during the period. Finally, New Insight Wealth Advisors acquired a new position in shares of ServiceNow in the 1st quarter valued at about $226,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on NOW. Citigroup raised their price target on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the company a “buy” rating in a report on Friday, October 25th. Canaccord Genuity Group lifted their target price on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, October 24th. JMP Securities increased their price target on ServiceNow from $850.00 to $1,000.00 and gave the company a “market outperform” rating in a report on Thursday, October 17th. Truist Financial boosted their price objective on ServiceNow from $780.00 to $900.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Oppenheimer increased their target price on ServiceNow from $825.00 to $1,020.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $974.04.

ServiceNow Stock Performance

Shares of NOW stock traded up $0.05 on Tuesday, hitting $1,036.06. 93,164 shares of the stock traded hands, compared to its average volume of 1,275,082. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. ServiceNow, Inc. has a 1-year low of $632.25 and a 1-year high of $1,040.00. The company’s fifty day moving average is $916.20 and its 200 day moving average is $815.82. The company has a market capitalization of $213.43 billion, a PE ratio of 161.26, a PEG ratio of 5.79 and a beta of 0.98.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the business posted $1.21 EPS. The company’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities research analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In related news, Director Paul Edward Chamberlain sold 135 shares of the firm’s 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 sale, the director now owns 10,767 shares of the company’s stock, valued at approximately $8,850,474. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Paul Edward Chamberlain sold 135 shares of ServiceNow stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $822.00, for a total value of $110,970.00. Following the sale, the director now directly owns 10,767 shares in the company, valued at $8,850,474. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 353 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the transaction, the insider now owns 3,027 shares of the company’s stock, valued at approximately $2,799,853.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,539 shares of company stock worth $2,138,333 over the last ninety days. Company insiders own 0.25% of the company’s stock.

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.