ServiceNow, Inc. (NYSE:NOW) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its stake in ServiceNow, Inc. (NYSE:NOWFree Report) by 5.3% in the fourth quarter, Holdings Channel reports. The firm owned 25,235 shares of the information technology services provider’s stock after purchasing an additional 1,277 shares during the period. Congress Wealth Management LLC DE’s holdings in ServiceNow were worth $17,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NOW. Norges Bank acquired a new stake in ServiceNow in the 4th quarter worth approximately $1,648,259,000. International Assets Investment Management LLC boosted its stake in ServiceNow by 69,354.6% in the 4th quarter. International Assets Investment Management LLC now owns 821,648 shares of the information technology services provider’s stock worth $580,486,000 after purchasing an additional 820,465 shares in the last quarter. FMR LLC boosted its stake in ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after purchasing an additional 595,697 shares in the last quarter. Cerity Partners LLC boosted its stake in ServiceNow by 1,073.7% in the 4th quarter. Cerity Partners LLC now owns 406,262 shares of the information technology services provider’s stock worth $287,020,000 after purchasing an additional 371,648 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in ServiceNow during the 3rd quarter valued at approximately $135,075,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Down 2.6 %

Shares of NOW traded down $19.64 during mid-day trading on Friday, hitting $738.51. 1,341,200 shares of the company’s stock were exchanged, compared to its average volume of 1,198,804. The company has a market cap of $151.39 billion, a price-to-earnings ratio of 79.69, a P/E/G ratio of 4.83 and a beta of 0.98. ServiceNow, Inc. has a fifty-two week low of $517.80 and a fifty-two week high of $815.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s 50-day moving average is $747.20 and its 200-day moving average is $730.54.

ServiceNow (NYSE:NOWGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.41. The business had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 6.5 earnings per share for the current fiscal year.

Insider Transactions at ServiceNow

In related news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 917 shares of company stock valued at $690,880. 0.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NOW has been the subject of several research reports. UBS Group decreased their price objective on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Piper Sandler lifted their price objective on shares of ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Needham & Company LLC restated a “buy” rating and set a $900.00 price objective on shares of ServiceNow in a research note on Tuesday, May 7th. Truist Financial lifted their price objective on shares of ServiceNow from $700.00 to $750.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of ServiceNow in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average target price of $808.73.

Read Our Latest Stock Analysis on NOW

About ServiceNow

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOWFree Report).

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.