Rossmore Private Capital Has $359,000 Position in ServiceNow, Inc. (NYSE:NOW)

Rossmore Private Capital lessened its stake in ServiceNow, Inc. (NYSE:NOW) by 12.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 401 shares of the information technology services provider’s stock after selling 55 shares during the period. Rossmore Private Capital’s holdings in ServiceNow were worth $359,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Creekmur Asset Management LLC bought a new stake in shares of ServiceNow during the first quarter worth $25,000. Versant Capital Management Inc raised its stake in shares of ServiceNow by 466.7% during 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 last quarter. DT Investment Partners LLC lifted its stake in shares of ServiceNow by 77.3% in the 3rd quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 17 shares during the period. EntryPoint Capital LLC boosted its holdings in ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after buying an additional 39 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new position in ServiceNow during the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOW. KeyCorp boosted their target price on ServiceNow from $1,020.00 to $1,040.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on shares of ServiceNow from $985.00 to $1,045.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of ServiceNow from $820.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their price objective on shares of ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, Citigroup increased their target price on ServiceNow from $1,068.00 to $1,071.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $974.04.

Insider Buying and Selling

In other news, insider Kevin Thomas Mcbride sold 100 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $825.00, for a total value of $82,500.00. Following the completion of the transaction, the insider now directly owns 2,994 shares in the company, valued at approximately $2,470,050. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jacqueline P. Canney sold 94 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $825.92, for a total value of $77,636.48. Following the sale, the insider now directly owns 4,019 shares of the company’s stock, valued at approximately $3,319,372.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin Thomas Mcbride sold 100 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $825.00, for a total transaction of $82,500.00. Following the completion of the sale, the insider now directly owns 2,994 shares in the company, valued at approximately $2,470,050. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,359 shares of company stock valued at $5,038,241. Company insiders own 0.25% of the company’s stock.

ServiceNow Stock Performance

Shares of NOW opened at $1,048.29 on Wednesday. The firm has a 50-day moving average of $920.45 and a 200-day moving average of $818.12. ServiceNow, Inc. has a one year low of $632.25 and a one year high of $1,053.26. The company has a market cap of $215.95 billion, a PE ratio of 163.03, a price-to-earnings-growth ratio of 5.95 and a beta of 0.98. 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 (NYSE:NOW) last announced its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. As a group, equities analysts forecast that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

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.