Ewa LLC Purchases 29 Shares of ServiceNow, Inc. (NYSE:NOW)

Ewa LLC lifted its holdings in ServiceNow, Inc. (NYSE:NOW) by 10.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 305 shares of the information technology services provider’s stock after buying an additional 29 shares during the quarter. Ewa LLC’s holdings in ServiceNow were worth $273,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NOW. LVW Advisors LLC increased its position in shares of ServiceNow by 13.3% during the second quarter. LVW Advisors LLC now owns 393 shares of the information technology services provider’s stock worth $309,000 after acquiring an additional 46 shares during the period. Gemmer Asset Management LLC lifted its holdings in shares of ServiceNow by 9.0% in the 2nd quarter. Gemmer Asset Management LLC now owns 23,893 shares of the information technology services provider’s stock worth $18,796,000 after buying an additional 1,971 shares during the period. NorthCrest Asset Manangement LLC grew its position in shares of ServiceNow by 2.0% during the 2nd quarter. NorthCrest Asset Manangement LLC now owns 1,057 shares of the information technology services provider’s stock worth $832,000 after buying an additional 21 shares in the last quarter. Albert D Mason Inc. purchased a new position in shares of ServiceNow during the second quarter valued at $871,000. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of ServiceNow by 36.2% in the second quarter. Great Valley Advisor Group Inc. now owns 8,078 shares of the information technology services provider’s stock valued at $6,354,000 after acquiring an additional 2,148 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other ServiceNow news, Director Paul Edward Chamberlain sold 300 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $1,047.95, for a total transaction of $314,385.00. Following the completion of the sale, the director now directly owns 10,467 shares in the company, valued at approximately $10,968,892.65. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 12,271 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.57. Following the completion of the transaction, the chief executive officer now owns 2,595 shares in the company, valued at approximately $2,588,953.65. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,629 shares of company stock worth $20,861,626 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Stock Performance

NOW opened at $1,124.34 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average of $982.51 and a two-hundred day moving average of $858.99. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,137.00. The firm has a market capitalization of $231.61 billion, a PE ratio of 174.86, a P/E/G ratio of 6.45 and a beta of 0.99.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share 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 for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the firm earned $1.21 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, analysts anticipate that ServiceNow, Inc. will post 7.07 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Thursday. Scotiabank began coverage on shares of ServiceNow in a research note on Tuesday, November 19th. They set a “sector outperform” rating and a $1,230.00 price objective on the stock. Sanford C. Bernstein lifted their price objective on shares of ServiceNow from $906.00 to $913.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Evercore ISI increased their target price on ServiceNow from $950.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group upped their price objective on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,011.26.

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.