3,965 Shares in ServiceNow, Inc. (NYSE:NOW) Purchased by Surience Private Wealth LLC

Surience Private Wealth LLC acquired a new position in ServiceNow, Inc. (NYSE:NOW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,965 shares of the information technology services provider's stock, valued at approximately $4,203,000. ServiceNow comprises approximately 5.4% of Surience Private Wealth LLC's holdings, making the stock its 11th biggest position.

Several other large investors have also modified their holdings of NOW. Truvestments Capital LLC acquired a new position in shares of ServiceNow in the 3rd quarter valued at $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 purchasing an additional 17 shares during the period. Oakworth Capital Inc. raised its holdings in shares of ServiceNow by 46.7% in the 3rd 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 in the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of ServiceNow during the 2nd quarter worth approximately $39,000. Finally, Dunhill Financial LLC boosted its stake in ServiceNow by 70.0% in the 3rd quarter. Dunhill Financial LLC now owns 51 shares of the information technology services provider's stock valued at $46,000 after buying an additional 21 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NOW has been the subject of several recent analyst reports. Sanford C. Bernstein increased their price objective on ServiceNow from $906.00 to $913.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Morgan Stanley cut shares of ServiceNow from an "overweight" rating to an "equal weight" rating and increased their target price for the stock from $900.00 to $960.00 in a research report on Monday, October 21st. Evercore ISI boosted their price target on shares of ServiceNow from $950.00 to $1,000.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Scotiabank initiated coverage on shares of ServiceNow in a report on Tuesday, November 19th. They set a "sector outperform" rating and a $1,230.00 price objective for the company. Finally, Stifel Nicolaus boosted their target price on ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. 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 one has issued a strong buy rating to the stock. According to MarketBeat.com, ServiceNow currently has an average rating of "Moderate Buy" and an average price target of $1,071.39.

Insider Transactions at ServiceNow

In other news, Director Jeffrey A. Miller sold 2,879 shares of ServiceNow 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 transaction, the director now owns 42,920 shares in the company, valued at $43,740,630.40. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William R. Mcdermott sold 12,271 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $997.67, for a total value of $12,242,408.57. Following the sale, the chief executive officer now directly owns 2,595 shares of the company's stock, valued at approximately $2,588,953.65. The trade was a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,276 shares of company stock valued at $20,535,115 over the last three months. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Trading Up 0.3 %

NYSE:NOW traded up $3.07 during mid-day trading on Thursday, hitting $1,057.20. The company had a trading volume of 632,087 shares, compared to its average volume of 1,181,517. 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, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,157.90. The firm has a market cap of $217.78 billion, a P/E ratio of 164.42, a P/E/G ratio of 4.65 and a beta of 0.99. The business's fifty day moving average is $1,067.55 and its two-hundred day moving average is $928.41.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating analysts' consensus estimates of $3.46 by $0.26. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. ServiceNow's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the company posted $1.21 EPS. As a group, research analysts expect that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

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.