Captrust Financial Advisors Purchases 1,054 Shares of ServiceNow, Inc. (NYSE:NOW)

Captrust Financial Advisors lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 4.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,940 shares of the information technology services provider's stock after purchasing an additional 1,054 shares during the quarter. Captrust Financial Advisors' holdings in ServiceNow were worth $20,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NOW. Westwood Holdings Group Inc. acquired a new position in ServiceNow during the first quarter worth $271,000. EverSource Wealth Advisors LLC boosted its holdings in ServiceNow by 6.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 770 shares of the information technology services provider's stock valued at $534,000 after acquiring an additional 47 shares during the period. Marcum Wealth LLC boosted its holdings in ServiceNow by 2.8% during the 2nd quarter. Marcum Wealth LLC now owns 632 shares of the information technology services provider's stock valued at $497,000 after acquiring an additional 17 shares during the period. Beese Fulmer Investment Management Inc. grew its holdings in shares of ServiceNow by 15.9% in the second quarter. Beese Fulmer Investment Management Inc. now owns 546 shares of the information technology services provider's stock valued at $430,000 after purchasing an additional 75 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of ServiceNow during the second quarter worth $500,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NOW. Royal Bank of Canada lifted their price objective on ServiceNow from $985.00 to $1,045.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their price target on shares of ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of ServiceNow from $900.00 to $1,100.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of ServiceNow from $820.00 to $950.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Finally, Needham & Company LLC increased their target price on ServiceNow from $1,075.00 to $1,150.00 and gave the company a "buy" rating in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $989.07.

ServiceNow Trading Up 0.8 %

Shares of NOW stock traded up $8.04 during mid-day trading on Friday, reaching $1,049.44. The company's stock had a trading volume of 583,092 shares, compared to its average volume of 1,192,822. The firm has a market capitalization of $216.18 billion, a PE ratio of 163.21, a price-to-earnings-growth ratio of 6.02 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,072.84. The company's 50 day simple moving average is $963.10 and its 200-day simple moving average is $847.50.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly 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. The business had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.75 billion. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. On average, research analysts predict that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

Insider Activity

In related news, insider Jacqueline P. Canney sold 353 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $2,799,853.92. This trade represents a 10.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 2,229 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total value of $2,372,993.40. Following the sale, the director now owns 11,000 shares in the company, valued at approximately $11,710,600. The trade was a 16.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,329 shares of company stock valued at $20,547,241. 0.25% of the stock is currently owned by company insiders.

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.