Hilltop Holdings Inc. Has $3.05 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Hilltop Holdings Inc. boosted its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 427.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,408 shares of the information technology services provider's stock after acquiring an additional 2,762 shares during the quarter. Hilltop Holdings Inc.'s holdings in ServiceNow were worth $3,048,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AXA S.A. lifted its position in ServiceNow by 1.1% in the 2nd quarter. AXA S.A. now owns 387,344 shares of the information technology services provider's stock valued at $304,712,000 after acquiring an additional 4,271 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its position in ServiceNow by 39.4% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 488 shares of the information technology services provider's stock worth $436,000 after buying an additional 138 shares in the last quarter. Venturi Wealth Management LLC lifted its position in ServiceNow by 36.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,868 shares of the information technology services provider's stock worth $2,565,000 after buying an additional 765 shares in the last quarter. HWG Holdings LP bought a new stake in ServiceNow during the 2nd quarter worth about $2,679,000. Finally, Brookstone Capital Management lifted its position in ServiceNow by 25.5% during the 2nd quarter. Brookstone Capital Management now owns 14,394 shares of the information technology services provider's stock worth $10,595,000 after buying an additional 2,928 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

Insider Activity at ServiceNow

In other news, CEO William R. Mcdermott sold 12,271 shares of the firm's stock in a transaction on 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 owns 2,595 shares of the company's stock, valued at approximately $2,588,953.65. This trade represents a 82.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 353 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 3,027 shares of the company's stock, valued at $2,799,853.92. The trade was a 10.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,629 shares of company stock valued at $20,861,626 in the last quarter. Insiders own 0.25% of the company's stock.

ServiceNow Price Performance

NYSE:NOW traded up $8.19 on Tuesday, hitting $1,056.62. The company had a trading volume of 1,229,606 shares, compared to its average volume of 1,277,408. The stock has a market capitalization of $217.66 billion, a price-to-earnings ratio of 163.05, a PEG ratio of 6.02 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. The firm has a 50 day moving average of $963.10 and a two-hundred day moving average of $847.50. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,072.84.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.46 by $0.26. The business had revenue of $2.80 billion during 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%. The firm's revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. On average, research analysts anticipate that ServiceNow, Inc. will post 7.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOW has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of ServiceNow from $900.00 to $975.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Mizuho boosted their price target on shares of ServiceNow from $980.00 to $1,070.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. UBS Group upped their target price on shares of ServiceNow from $900.00 to $1,055.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. StockNews.com raised shares of ServiceNow from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, Oppenheimer upped their target price on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the company an "outperform" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $999.07.

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.