1,720 Shares in ServiceNow, Inc. (NYSE:NOW) Acquired by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC purchased a new position in shares of ServiceNow, Inc. (NYSE:NOW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,720 shares of the information technology services provider’s stock, valued at approximately $1,823,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NOW. Dimensional Fund Advisors LP increased its position in ServiceNow by 17.0% during the second quarter. Dimensional Fund Advisors LP now owns 274,844 shares of the information technology services provider’s stock worth $216,207,000 after purchasing an additional 39,984 shares during the last quarter. Total Clarity Wealth Management Inc. increased its position in ServiceNow by 33.1% during the second quarter. Total Clarity Wealth Management Inc. now owns 438 shares of the information technology services provider’s stock worth $345,000 after purchasing an additional 109 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in ServiceNow by 209.8% during the second quarter. Citizens Financial Group Inc. RI now owns 3,021 shares of the information technology services provider’s stock worth $2,377,000 after purchasing an additional 2,046 shares during the last quarter. WealthPLAN Partners LLC increased its position in ServiceNow by 3.8% during the second quarter. WealthPLAN Partners LLC now owns 3,258 shares of the information technology services provider’s stock worth $2,563,000 after purchasing an additional 118 shares during the last quarter. Finally, Lmcg Investments LLC grew its stake in ServiceNow by 2.6% during the second quarter. Lmcg Investments LLC now owns 16,557 shares of the information technology services provider’s stock worth $13,025,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Trading Up 1.4 %

NYSE NOW opened at $1,029.85 on Wednesday. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,157.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $212.15 billion, a price-to-earnings ratio of 160.16, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99. The company’s fifty day moving average price is $1,066.34 and its two-hundred day moving average price is $927.52.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.46 by $0.26. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The firm’s revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.21 earnings per share. As a group, research analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO William R. Mcdermott sold 12,271 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 2,595 shares of the company’s stock, valued at $2,588,953.65. This trade represents a 82.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 76 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $3,060,115.38. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,276 shares of company stock valued at $20,535,115. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on NOW. StockNews.com upgraded shares of ServiceNow from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Sanford C. Bernstein boosted their price objective on shares of ServiceNow from $906.00 to $913.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Morgan Stanley downgraded shares of ServiceNow from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $900.00 to $960.00 in a research note on Monday, October 21st. Evercore ISI boosted their price objective on shares of ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group boosted their price objective on shares of ServiceNow from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,071.39.

ServiceNow Company 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.