Oppenheimer Asset Management Inc. Has $81.72 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

Oppenheimer Asset Management Inc. lifted its holdings in ServiceNow, Inc. (NYSE:NOW) by 0.2% during the third quarter, HoldingsChannel.com reports. The firm owned 91,371 shares of the information technology services provider’s stock after purchasing an additional 198 shares during the period. ServiceNow accounts for 1.0% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 13th biggest position. Oppenheimer Asset Management Inc.’s holdings in ServiceNow were worth $81,721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NOW. Quent Capital LLC increased its position in ServiceNow by 4.1% during the first quarter. Quent Capital LLC now owns 770 shares of the information technology services provider’s stock worth $587,000 after buying an additional 30 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of ServiceNow by 20.8% in the first quarter. Avantax Advisory Services Inc. now owns 4,210 shares of the information technology services provider’s stock valued at $3,209,000 after acquiring an additional 724 shares in the last quarter. Dearborn Partners LLC bought a new position in shares of ServiceNow during the first quarter worth approximately $313,000. D Orazio & Associates Inc. raised its holdings in ServiceNow by 8.6% in the 1st quarter. D Orazio & Associates Inc. now owns 340 shares of the information technology services provider’s stock valued at $259,000 after acquiring an additional 27 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its position in ServiceNow by 2,117.2% during the first quarter. SageView Advisory Group LLC now owns 64,609 shares of the information technology services provider’s stock worth $49,258,000 after purchasing an additional 61,695 shares during the period. Institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Nicholas Tzitzon sold 1,857 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $829.68, for a total value of $1,540,715.76. Following the completion of the transaction, the insider now directly owns 3,649 shares in the company, valued at $3,027,502.32. 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. In other news, Director Jeffrey A. Miller sold 2,879 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the completion of the sale, the director now directly owns 42,920 shares of the company’s stock, valued at $43,740,630.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nicholas Tzitzon sold 1,857 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $829.68, for a total value of $1,540,715.76. Following the transaction, the insider now directly owns 3,649 shares in the company, valued at approximately $3,027,502.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,359 shares of company stock valued at $5,038,241 over the last ninety days. 0.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NOW shares. Robert W. Baird raised their price objective on ServiceNow from $900.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their target price on ServiceNow from $900.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. UBS Group increased their price objective on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JMP Securities boosted their price target on ServiceNow from $850.00 to $1,000.00 and gave the company a “market outperform” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company raised their target price on ServiceNow from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $974.04.

ServiceNow Stock Performance

ServiceNow stock traded down $3.44 during midday trading on Wednesday, hitting $1,044.85. The stock had a trading volume of 117,754 shares, compared to its average volume of 1,275,017. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,053.26. The company has a market capitalization of $215.24 billion, a PE ratio of 163.03, a P/E/G ratio of 5.95 and a beta of 0.98. The firm’s fifty day moving average is $920.45 and its two-hundred day moving average is $818.12. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16.

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 the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the firm earned $1.21 EPS. The company’s revenue was up 22.2% on a year-over-year basis. On average, research analysts forecast that ServiceNow, Inc. will post 7.07 EPS for the current year.

About ServiceNow

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.