ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 0.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 328,411 shares of the information technology services provider's stock after acquiring an additional 2,778 shares during the period. ServiceNow accounts for approximately 0.6% of Thrivent Financial for Lutherans' investment portfolio, making the stock its 17th biggest position. Thrivent Financial for Lutherans owned 0.16% of ServiceNow worth $293,728,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NOW. Creekmur Asset Management LLC bought a new position in ServiceNow during the 1st quarter worth $25,000. Versant Capital Management Inc grew its stake in shares of ServiceNow by 466.7% in the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider's stock valued at $27,000 after buying an additional 28 shares during the period. EntryPoint Capital LLC boosted its stake in ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 39 shares during the last quarter. Ridgewood Investments LLC acquired a new position in ServiceNow during the 2nd quarter valued at about $32,000. Finally, DT Investment Partners LLC boosted its stake in ServiceNow by 77.3% during 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 last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Stock Down 2.7 %

Shares of NOW traded down $28.41 during trading on Friday, reaching $1,011.39. The company's stock had a trading volume of 1,498,472 shares, compared to its average volume of 1,366,353. The company has a fifty day moving average of $932.47 and a two-hundred day moving average of $825.13. ServiceNow, Inc. has a twelve month low of $637.99 and a twelve month high of $1,061.66. The company has a market cap of $208.35 billion, a price-to-earnings ratio of 157.29, a P/E/G ratio of 5.80 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 (NYSE:NOW - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The business's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 EPS. On average, sell-side analysts predict that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NOW has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their target price on shares of ServiceNow from $906.00 to $913.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Canaccord Genuity Group boosted their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of ServiceNow from $875.00 to $900.00 and gave the company a "buy" rating in a research report on Thursday, July 25th. Stifel Nicolaus upped their target price on shares of ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Truist Financial boosted their price target on shares of ServiceNow from $780.00 to $900.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $974.04.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 66 shares of the business's stock in a transaction on 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. The trade was a 2.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey A. Miller sold 2,879 shares of the business's stock in a transaction on 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 $43,740,630.40. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,325 shares of company stock worth $5,024,928 in the last three months. 0.25% of the stock is owned by 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.