Lebenthal Global Advisors LLC Buys 55 Shares of ServiceNow, Inc. (NYSE:NOW)

Lebenthal Global Advisors LLC boosted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,714 shares of the information technology services provider’s stock after purchasing an additional 55 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in ServiceNow were worth $1,533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pursue Wealth Partners LLC raised its stake in shares of ServiceNow by 441.7% in the third quarter. Pursue Wealth Partners LLC now owns 1,999 shares of the information technology services provider’s stock worth $1,788,000 after purchasing an additional 1,630 shares during the last quarter. Hills Bank & Trust Co bought a new stake in ServiceNow in the 3rd quarter worth about $182,000. Focus Financial Network Inc. raised its position in ServiceNow by 0.9% in the 3rd quarter. Focus Financial Network Inc. now owns 13,273 shares of the information technology services provider’s stock worth $11,871,000 after buying an additional 115 shares during the last quarter. LCM Capital Management Inc lifted its stake in ServiceNow by 4.6% during the 3rd quarter. LCM Capital Management Inc now owns 409 shares of the information technology services provider’s stock valued at $366,000 after acquiring an additional 18 shares during the period. Finally, Oak Ridge Investments LLC boosted its holdings in shares of ServiceNow by 6.9% during the 3rd quarter. Oak Ridge Investments LLC now owns 10,602 shares of the information technology services provider’s stock valued at $9,482,000 after acquiring an additional 687 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Trading Up 0.2 %

NOW stock traded up $1.73 during midday trading on Friday, reaching $934.72. 75,315 shares of the company traded hands, compared to its average volume of 1,280,920. The firm has a market capitalization of $192.55 billion, a price-to-earnings ratio of 145.09, a P/E/G ratio of 5.45 and a beta of 0.99. ServiceNow, Inc. has a 52-week low of $592.48 and a 52-week high of $979.78. The business has a 50 day moving average of $894.59 and a 200-day moving average of $802.16. 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 quarterly 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 company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the company earned $1.21 earnings per share. ServiceNow’s revenue was up 22.2% on a year-over-year basis. As a group, sell-side analysts expect that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOW. Piper Sandler increased their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. UBS Group raised their price target on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets upped their price objective on ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Stifel Nicolaus raised their target price on ServiceNow from $900.00 to $990.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $970.33.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 187 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $795.58, for a total value of $148,773.46. Following the completion of the sale, the insider now owns 3,779 shares of the company’s stock, valued at $3,006,496.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Jacqueline P. Canney sold 804 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $812.00, for a total value of $652,848.00. Following the transaction, the insider now owns 3,027 shares of the company’s stock, valued at $2,457,924. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul John Smith sold 187 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $795.58, for a total transaction of $148,773.46. Following the completion of the sale, the insider now directly owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,530 shares of company stock worth $2,939,955. Insiders own 0.25% of the company’s stock.

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.