Mather Group LLC. Has $2.76 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Mather Group LLC. lowered its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,090 shares of the information technology services provider’s stock after selling 386 shares during the period. Mather Group LLC.’s holdings in ServiceNow were worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Security National Bank boosted its holdings in ServiceNow by 820.8% in the third quarter. Security National Bank now owns 1,860 shares of the information technology services provider’s stock worth $1,664,000 after acquiring an additional 1,658 shares in the last quarter. Cohen Investment Advisors LLC lifted its holdings in shares of ServiceNow by 6.2% in the 3rd quarter. Cohen Investment Advisors LLC now owns 4,391 shares of the information technology services provider’s stock worth $3,927,000 after purchasing an additional 255 shares in the last quarter. Salvus Wealth Management LLC grew its position in ServiceNow by 25.5% in the 3rd quarter. Salvus Wealth Management LLC now owns 1,138 shares of the information technology services provider’s stock valued at $1,018,000 after purchasing an additional 231 shares during the period. Parisi Gray Wealth Management increased its stake in ServiceNow by 5.5% during the 3rd quarter. Parisi Gray Wealth Management now owns 309 shares of the information technology services provider’s stock valued at $276,000 after purchasing an additional 16 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in ServiceNow by 90.6% during the third quarter. Miracle Mile Advisors LLC now owns 4,381 shares of the information technology services provider’s stock worth $3,918,000 after buying an additional 2,082 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Up 1.8 %

NYSE NOW opened at $922.10 on Wednesday. The stock’s 50-day simple moving average is $850.57 and its two-hundred day simple moving average is $781.79. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $945.46. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $189.03 billion, a price-to-earnings ratio of 98.62, a PEG ratio of 5.55 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. The company had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. Research analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NOW. Royal Bank of Canada lifted their price objective on shares of ServiceNow from $850.00 to $880.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Truist Financial increased their price objective on ServiceNow from $750.00 to $780.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Piper Sandler lifted their target price on ServiceNow from $830.00 to $850.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. TD Cowen increased their price target on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus lifted their price objective on shares of ServiceNow from $820.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $866.24.

Insider Buying and Selling

In other ServiceNow news, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the completion of the sale, the general counsel now directly owns 6,736 shares in the company, valued at $5,252,800.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other ServiceNow news, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total value of $1,510,491.97. Following the completion of the sale, the general counsel now owns 6,736 shares in the company, valued at approximately $5,252,800.16. The trade was 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 this hyperlink. Also, insider Nicholas Tzitzon sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the completion of the transaction, the insider now owns 3,649 shares in the company, valued at $3,027,502.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,914 shares of company stock worth $5,608,936 in the last 90 days. 0.25% of the stock is owned by company insiders.

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.