ServiceNow, Inc. (NYSE:NOW) Stock Holdings Increased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC grew its position in shares of ServiceNow, Inc. (NYSE:NOW) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 474 shares of the information technology services provider’s stock after buying an additional 32 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in ServiceNow were worth $502,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Bradley Foster & Sargent Inc. CT bought a new stake in ServiceNow during the second quarter valued at $256,000. Mercer Global Advisors Inc. ADV boosted its holdings in shares of ServiceNow by 33.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,371 shares of the information technology services provider’s stock valued at $8,159,000 after buying an additional 2,595 shares during the period. Intech Investment Management LLC grew its position in shares of ServiceNow by 7.6% during the 2nd quarter. Intech Investment Management LLC now owns 6,388 shares of the information technology services provider’s stock valued at $5,025,000 after buying an additional 450 shares during the last quarter. Brighton Jones LLC raised its stake in ServiceNow by 0.7% during the second quarter. Brighton Jones LLC now owns 2,959 shares of the information technology services provider’s stock worth $2,328,000 after acquiring an additional 20 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in ServiceNow by 24.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,569 shares of the information technology services provider’s stock worth $7,528,000 after acquiring an additional 1,893 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NOW has been the topic of a number of research reports. Evercore ISI increased their price target on ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group increased their target price on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler boosted their price target on shares of ServiceNow from $1,000.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Citigroup increased their price objective on shares of ServiceNow from $1,068.00 to $1,071.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Truist Financial boosted their target price on shares of ServiceNow from $900.00 to $1,100.00 and gave the company a “hold” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,080.38.

ServiceNow Trading Up 1.4 %

Shares of NYSE:NOW opened at $1,072.02 on Friday. The stock has a market capitalization of $220.84 billion, a price-to-earnings ratio of 166.72, a PEG ratio of 4.65 and a beta of 0.99. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,157.90. The company has a 50 day moving average price of $1,069.67 and a 200 day moving average price of $931.27. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13.

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

Insiders Place Their Bets

In related news, Director Jeffrey A. Miller sold 2,879 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total transaction of $2,934,046.48. Following the transaction, the director now directly owns 42,920 shares of the company’s stock, valued at approximately $43,740,630.40. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William R. Mcdermott sold 12,271 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 2,595 shares in the company, valued at $2,588,953.65. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,731 shares of company stock worth $21,016,751. Company insiders own 0.25% of the company’s stock.

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.