ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Mather Group LLC.

Mather Group LLC. boosted its stake in ServiceNow, Inc. (NYSE:NOW) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,476 shares of the information technology services provider’s stock after buying an additional 402 shares during the period. Mather Group LLC.’s holdings in ServiceNow were worth $2,650,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NOW. Vanguard Group Inc. lifted its stake in ServiceNow by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock worth $14,066,715,000 after acquiring an additional 331,797 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of ServiceNow by 2.2% in the fourth quarter. Jennison Associates LLC now owns 2,521,190 shares of the information technology services provider’s stock valued at $1,781,195,000 after purchasing an additional 53,719 shares during the period. Norges Bank acquired a new position in shares of ServiceNow in the fourth quarter valued at approximately $1,648,259,000. Massachusetts Financial Services Co. MA increased its stake in ServiceNow by 3.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,281,748 shares of the information technology services provider’s stock worth $1,612,032,000 after buying an additional 81,028 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in ServiceNow by 18.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,754,027 shares of the information technology services provider’s stock worth $1,239,198,000 after buying an additional 271,153 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NOW shares. Citigroup boosted their price target on shares of ServiceNow from $909.00 to $911.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. KeyCorp reduced their price target on ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Truist Financial lifted their price objective on ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. StockNews.com lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, William Blair reiterated an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $842.22.

Insider Buying and Selling

In other news, CFO Gina Mastantuono sold 1,800 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $738.88, for a total value of $1,329,984.00. Following the completion of the transaction, the chief financial officer now owns 13,290 shares in the company, valued at approximately $9,819,715.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ServiceNow news, insider Paul John Smith sold 125 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the sale, the insider now directly owns 3,112 shares in the company, valued at $2,263,606.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 1,800 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $738.88, for a total value of $1,329,984.00. Following the completion of the transaction, the chief financial officer now owns 13,290 shares of the company’s stock, valued at approximately $9,819,715.20. The disclosure for this sale can be found here. Insiders have sold 9,267 shares of company stock valued at $6,992,504 over the last quarter. Company insiders own 0.25% of the company’s stock.

ServiceNow Stock Performance

ServiceNow stock traded up $11.22 during mid-day trading on Tuesday, reaching $792.49. 1,545,509 shares of the company were exchanged, compared to its average volume of 1,343,316. The firm has a market cap of $162.46 billion, a PE ratio of 84.76, a price-to-earnings-growth ratio of 4.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50-day simple moving average is $748.83 and its two-hundred day simple moving average is $754.44. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $850.33.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.85 by $0.28. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the business earned $0.77 EPS. Equities analysts predict that ServiceNow, Inc. will post 6.84 earnings per share for the current fiscal 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.