ServiceNow, Inc. (NYSE:NOW) Stock Holdings Increased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in ServiceNow, Inc. (NYSE:NOW) by 67.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,417 shares of the information technology services provider’s stock after acquiring an additional 25,531 shares during the quarter. ServiceNow accounts for approximately 0.8% of Segall Bryant & Hamill LLC’s holdings, making the stock its 14th largest position. Segall Bryant & Hamill LLC’s holdings in ServiceNow were worth $56,720,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NOW. Creekmur Asset Management LLC bought a new position in shares of ServiceNow during the first quarter valued at approximately $25,000. Versant Capital Management Inc increased 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 buying an additional 28 shares during the period. EntryPoint Capital LLC lifted its stake 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 valued at $30,000 after buying an additional 39 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of ServiceNow during the second quarter valued at $32,000. Finally, DT Investment Partners LLC grew its position in shares of ServiceNow by 77.3% during the third quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 17 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Transactions at ServiceNow

In other news, insider Jacqueline P. Canney sold 353 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the sale, the insider now owns 3,027 shares in the company, valued at approximately $2,799,853.92. This represents a 10.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Miller sold 2,879 shares of ServiceNow stock in a transaction dated 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 transaction, the director now directly owns 42,920 shares of the company’s stock, valued at $43,740,630.40. This represents a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,373 shares of company stock worth $7,139,335. 0.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on NOW shares. Jefferies Financial Group boosted their target price on shares of ServiceNow from $900.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Robert W. Baird raised their target price on ServiceNow from $900.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Scotiabank initiated coverage on shares of ServiceNow in a research note on Tuesday. They set a “sector outperform” rating and a $1,230.00 price objective on the stock. Canaccord Genuity Group increased their price target on ServiceNow from $850.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays boosted their price objective on ServiceNow from $980.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $986.39.

ServiceNow Price Performance

NYSE NOW opened at $1,022.19 on Wednesday. The stock’s 50-day moving average is $938.70 and its two-hundred day moving average is $829.46. 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 fifty-two week low of $637.99 and a fifty-two week high of $1,061.66. The firm has a market cap of $210.57 billion, a P/E ratio of 158.97, a price-to-earnings-growth ratio of 5.80 and a beta of 0.98.

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

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.