ServiceNow, Inc. (NYSE:NOW) Holdings Boosted by Commerce Bank

Commerce Bank increased its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 131,915 shares of the information technology services provider's stock after purchasing an additional 3,275 shares during the quarter. Commerce Bank owned 0.06% of ServiceNow worth $117,983,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NOW. Bank of New York Mellon Corp grew its position in shares of ServiceNow by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 1,529,430 shares of the information technology services provider's stock valued at $1,203,157,000 after purchasing an additional 34,855 shares in the last quarter. Swedbank AB grew its position in ServiceNow by 10.3% in the second quarter. Swedbank AB now owns 1,298,722 shares of the information technology services provider's stock worth $1,021,666,000 after acquiring an additional 120,983 shares during the period. International Assets Investment Management LLC boosted its position in shares of ServiceNow by 89,137.0% during the third quarter. International Assets Investment Management LLC now owns 1,185,067 shares of the information technology services provider's stock worth $1,059,912,000 after buying an additional 1,183,739 shares during the period. Ameriprise Financial Inc. boosted its position in shares of ServiceNow by 21.5% during the second quarter. Ameriprise Financial Inc. now owns 954,045 shares of the information technology services provider's stock worth $750,513,000 after buying an additional 168,734 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of ServiceNow by 1.8% during the second quarter. Clearbridge Investments LLC now owns 677,942 shares of the information technology services provider's stock worth $533,316,000 after buying an additional 11,979 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Down 0.6 %

NYSE NOW traded down $6.06 during trading hours on Wednesday, hitting $1,016.04. The company had a trading volume of 552,503 shares, compared to its average volume of 1,282,267. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,061.66. The company has a market capitalization of $209.30 billion, a price-to-earnings ratio of 158.97, a P/E/G ratio of 5.80 and a beta of 0.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The firm's 50 day moving average is $938.70 and its 200 day moving average is $829.46.

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 (EPS) for the quarter, beating 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 firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $1.21 EPS. The firm's quarterly revenue was up 22.2% compared to the same quarter last year. Sell-side analysts anticipate that ServiceNow, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jacqueline P. Canney sold 66 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the transaction, the insider now owns 3,027 shares of the company's stock, valued at approximately $3,173,173.83. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Tzitzon sold 1,857 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the transaction, the insider now directly owns 3,649 shares in the company, valued at $3,027,502.32. The trade was a 33.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,373 shares of company stock worth $7,139,335 over the last ninety days. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on NOW. JMP Securities lifted their target price on ServiceNow from $850.00 to $1,000.00 and gave the company a "market outperform" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their target price on ServiceNow from $820.00 to $950.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Piper Sandler boosted their target price on ServiceNow from $850.00 to $1,000.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. StockNews.com upgraded ServiceNow from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group boosted their target price on ServiceNow from $900.00 to $1,100.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $986.39.

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.