1,720 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by Brendel Financial Advisors LLC

Brendel Financial Advisors LLC bought a new stake in ServiceNow, Inc. (NYSE:NOW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,720 shares of the information technology services provider's stock, valued at approximately $1,823,000.

A number of other institutional investors and hedge funds have also modified their holdings of NOW. Truvestments Capital LLC acquired a new position in shares of ServiceNow in the third quarter worth $30,000. DT Investment Partners LLC grew its stake in shares of ServiceNow by 77.3% in the 3rd quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock valued at $35,000 after buying an additional 17 shares in the last quarter. Oakworth Capital Inc. increased its holdings in ServiceNow by 46.7% in the third quarter. Oakworth Capital Inc. now owns 44 shares of the information technology services provider's stock worth $39,000 after buying an additional 14 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in ServiceNow in the second quarter valued at approximately $39,000. Finally, Dunhill Financial LLC increased its stake in shares of ServiceNow by 70.0% during the 3rd quarter. Dunhill Financial LLC now owns 51 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Jeffrey A. Miller sold 2,879 shares of the business's stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 12,271 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the transaction, the chief executive officer now directly owns 2,595 shares in the company, valued at $2,588,953.65. This trade represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,276 shares of company stock worth $20,535,115. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of ServiceNow from $1,075.00 to $1,150.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Evercore ISI increased their price objective on ServiceNow from $950.00 to $1,000.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. JMP Securities raised their price objective 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. Mizuho upped their target price on ServiceNow from $1,070.00 to $1,210.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Piper Sandler raised their target price on shares of ServiceNow from $1,000.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, ServiceNow currently has an average rating of "Moderate Buy" and an average price target of $1,071.39.

ServiceNow Price Performance

NYSE NOW traded up $25.67 during trading hours on Wednesday, reaching $1,056.96. 766,366 shares of the company's stock were exchanged, compared to its average volume of 1,179,818. The firm has a fifty day moving average of $1,066.34 and a 200-day moving average of $927.52. ServiceNow, Inc. has a one year low of $637.99 and a one year high of $1,157.90. The stock has a market cap of $217.73 billion, a PE ratio of 164.38, a price-to-earnings-growth ratio of 6.43 and a beta of 0.99. 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 - Get Free Report) last announced its earnings results 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 return on equity of 16.03% and a net margin of 12.77%. The company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter in the prior year, the business earned $1.21 earnings per share. The business's revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities research analysts predict that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

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.