WealthPlan Investment Management LLC grew its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 89.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,212 shares of the information technology services provider's stock after acquiring an additional 1,514 shares during the quarter. WealthPlan Investment Management LLC's holdings in ServiceNow were worth $2,873,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of NOW. Quent Capital LLC increased its holdings in shares of ServiceNow by 4.1% in the first quarter. Quent Capital LLC now owns 770 shares of the information technology services provider's stock worth $587,000 after acquiring an additional 30 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of ServiceNow by 20.8% during the first quarter. Avantax Advisory Services Inc. now owns 4,210 shares of the information technology services provider's stock worth $3,209,000 after acquiring an additional 724 shares during the period. Bleakley Financial Group LLC lifted its position in ServiceNow by 5.0% in the 1st quarter. Bleakley Financial Group LLC now owns 4,033 shares of the information technology services provider's stock valued at $3,075,000 after acquiring an additional 193 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in ServiceNow by 5.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 200,143 shares of the information technology services provider's stock worth $152,589,000 after purchasing an additional 10,351 shares during the period. Finally, New Insight Wealth Advisors bought a new position in ServiceNow during the 1st quarter worth about $226,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Jacqueline P. Canney sold 94 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $825.92, for a total transaction of $77,636.48. Following the completion of the sale, the insider now owns 4,019 shares in the company, valued at $3,319,372.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other ServiceNow news, insider Jacqueline P. Canney sold 353 shares of the firm's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total value of $326,510.88. Following the completion of the transaction, the insider now owns 3,027 shares in the company, valued at $2,799,853.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 94 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $825.92, for a total transaction of $77,636.48. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 2,539 shares of company stock valued at $2,138,333. 0.25% of the stock is owned by insiders.
Several research firms have recently weighed in on NOW. Jefferies Financial Group upped their price objective on ServiceNow from $900.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Needham & Company LLC lifted their price objective on shares of ServiceNow from $900.00 to $1,075.00 and gave the company a "buy" rating in a report on Thursday, October 24th. UBS Group increased their target price on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Sanford C. Bernstein boosted their price target on shares of ServiceNow from $906.00 to $913.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $970.33.
Check Out Our Latest Stock Report on NOW
Shares of NYSE:NOW opened at $1,036.73 on Tuesday. The firm has a market capitalization of $213.57 billion, a price-to-earnings ratio of 161.23, a PEG ratio of 5.79 and a beta of 0.98. The stock's 50 day moving average is $916.20 and its 200-day moving average is $815.82. ServiceNow, Inc. has a twelve month low of $632.25 and a twelve month high of $1,038.00. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16.
ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating analysts' consensus estimates of $3.46 by $0.26. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Sell-side analysts forecast that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.
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.
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