46,047 Shares in ServiceNow, Inc. (NYSE:NOW) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in ServiceNow, Inc. (NYSE:NOW - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 46,047 shares of the information technology services provider's stock, valued at approximately $41,183,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOW. Catalyst Financial Partners LLC lifted its holdings in shares of ServiceNow by 1.0% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,146 shares of the information technology services provider's stock valued at $1,025,000 after buying an additional 11 shares during the last quarter. First Affirmative Financial Network lifted its stake in ServiceNow by 1.4% in the third quarter. First Affirmative Financial Network now owns 895 shares of the information technology services provider's stock valued at $801,000 after acquiring an additional 12 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of ServiceNow by 14.6% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 94 shares of the information technology services provider's stock valued at $84,000 after purchasing an additional 12 shares in the last quarter. BluePointe Capital Management LLC increased its position in ServiceNow by 0.6% during the third quarter. BluePointe Capital Management LLC now owns 2,014 shares of the information technology services provider's stock worth $1,801,000 after buying an additional 12 shares during the last quarter. Finally, Morling Financial Advisors LLC raised its holdings in ServiceNow by 2.5% during the second quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider's stock valued at $415,000 after buying an additional 13 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 66 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the completion of the transaction, the insider now owns 3,027 shares in the company, valued at approximately $3,173,173.83. This represents a 2.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey A. Miller sold 2,879 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the transaction, the director now 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,231 shares of company stock valued at $4,947,292. Company insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

NOW has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price objective on ServiceNow from $850.00 to $1,000.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. JMP Securities upped their price objective on shares of ServiceNow from $850.00 to $1,000.00 and gave the stock a "market outperform" rating in a report on Thursday, October 17th. BMO Capital Markets boosted their target price on shares of ServiceNow from $860.00 to $1,025.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price target on ServiceNow from $875.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Finally, Barclays boosted their price objective on ServiceNow from $980.00 to $1,000.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, ServiceNow currently has a consensus rating of "Moderate Buy" and a consensus price target of $986.39.

ServiceNow Trading Up 1.7 %

NOW traded up $16.76 during trading on Tuesday, reaching $1,022.10. 1,816,433 shares of the company's stock were exchanged, compared to its average volume of 1,285,622. The company's fifty day moving average price is $935.45 and its 200-day moving average price is $827.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $210.55 billion, a PE ratio of 156.35, a P/E/G ratio of 5.80 and a beta of 0.98. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,061.66.

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

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.