ServiceNow, Inc. (NYSE:NOW) Holdings Boosted by Creative Planning

Creative Planning grew its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,887 shares of the information technology services provider’s stock after purchasing an additional 4,170 shares during the quarter. Creative Planning’s holdings in ServiceNow were worth $49,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. &PARTNERS acquired a new position in shares of ServiceNow during the first quarter valued at $622,000. International Assets Investment Management LLC raised its holdings in shares of ServiceNow by 3.1% during the first quarter. International Assets Investment Management LLC now owns 1,199 shares of the information technology services provider’s stock valued at $921,000 after buying an additional 36 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of ServiceNow by 11.1% during the first quarter. Ballentine Partners LLC now owns 2,624 shares of the information technology services provider’s stock worth $2,001,000 after buying an additional 263 shares during the period. CHICAGO TRUST Co NA grew its holdings in ServiceNow by 44.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 618 shares of the information technology services provider’s stock worth $471,000 after buying an additional 190 shares in the last quarter. Finally, Traynor Capital Management Inc. raised its stake in ServiceNow by 7.9% during the 1st quarter. Traynor Capital Management Inc. now owns 327 shares of the information technology services provider’s stock valued at $249,000 after acquiring an additional 24 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on NOW shares. Oppenheimer increased their price target on ServiceNow from $825.00 to $1,020.00 and gave the stock an “outperform” rating in a research note on Thursday. Truist Financial increased their target price on shares of ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. TD Cowen boosted their price target on shares of ServiceNow from $870.00 to $900.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. BMO Capital Markets increased their price objective on shares of ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada boosted their target price on ServiceNow from $850.00 to $880.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $914.15.

ServiceNow Price Performance

NOW opened at $921.75 on Friday. The firm has a market capitalization of $188.96 billion, a P/E ratio of 98.58, a PEG ratio of 5.63 and a beta of 0.99. The stock has a fifty day moving average of $874.61 and a 200-day moving average of $791.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17. ServiceNow, Inc. has a 12-month low of $527.24 and a 12-month high of $949.59.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data 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 return on equity of 14.52% and a net margin of 11.51%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In related 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 shares were sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the transaction, the general counsel now directly owns 6,736 shares of the company’s stock, 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 is accessible through the SEC website. In related news, insider Paul John Smith sold 187 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $795.58, for a total transaction of $148,773.46. Following the completion of the sale, the insider now directly owns 3,779 shares in the company, valued at approximately $3,006,496.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the completion of the transaction, the general counsel now owns 6,736 shares in the company, valued at $5,252,800.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,267 shares of company stock valued at $5,935,447 over the last three months. 0.25% of the stock is owned by corporate 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.