Brighton Jones LLC Acquires 30 Shares of ServiceNow, Inc. (NYSE:NOW)

Brighton Jones LLC raised its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 1.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,753 shares of the information technology services provider’s stock after purchasing an additional 30 shares during the period. Brighton Jones LLC’s holdings in ServiceNow were worth $2,919,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sustainable Insight Capital Management LLC lifted its holdings in ServiceNow by 65.9% during the fourth quarter. Sustainable Insight Capital Management LLC now owns 760 shares of the information technology services provider’s stock valued at $806,000 after purchasing an additional 302 shares in the last quarter. Montecito Bank & Trust bought a new stake in shares of ServiceNow during the 4th quarter valued at $613,000. Veracity Capital LLC boosted its holdings in ServiceNow by 4.6% in the 4th quarter. Veracity Capital LLC now owns 1,030 shares of the information technology services provider’s stock worth $1,092,000 after buying an additional 45 shares during the period. Secure Asset Management LLC purchased a new stake in ServiceNow in the 4th quarter worth $503,000. Finally, Red Door Wealth Management LLC lifted its position in shares of ServiceNow by 6.5% in the fourth quarter. Red Door Wealth Management LLC now owns 7,901 shares of the information technology services provider’s stock valued at $8,376,000 after acquiring an additional 481 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NOW shares. Guggenheim reiterated a “sell” rating and set a $716.00 price objective on shares of ServiceNow in a research report on Wednesday. Evercore ISI increased 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. Oppenheimer upped their price target on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Truist Financial lifted their price objective on shares of ServiceNow from $900.00 to $1,100.00 and gave the stock a “hold” rating in a research note on Thursday, December 12th. Finally, UBS Group increased their price target on shares of ServiceNow from $900.00 to $1,055.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,093.34.

ServiceNow Stock Performance

Shares of NOW stock opened at $1,132.30 on Friday. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,157.90. The business’s fifty day simple moving average is $1,072.95 and its 200-day simple moving average is $938.64. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The company has a market cap of $233.25 billion, a PE ratio of 176.10, a PEG ratio of 5.11 and a beta of 0.99.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping 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 business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. Analysts expect that ServiceNow, Inc. will post 7.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Anita M. Sands sold 2,229 shares of ServiceNow stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $2,372,993.40. Following the completion of the sale, the director now owns 11,000 shares of the company’s stock, valued at $11,710,600. The trade was a 16.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nicholas Tzitzon sold 313 shares of ServiceNow stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total transaction of $333,219.80. Following the sale, the insider now owns 3,649 shares of the company’s stock, valued at approximately $3,884,725.40. The trade was a 7.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,731 shares of company stock valued at $21,016,751. 0.25% of the stock is owned by company insiders.

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.