Donaldson Capital Management LLC Purchases 67 Shares of ServiceNow, Inc. (NYSE:NOW)

Donaldson Capital Management LLC lifted its position in ServiceNow, Inc. (NYSE:NOW) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,250 shares of the information technology services provider’s stock after purchasing an additional 67 shares during the quarter. Donaldson Capital Management LLC’s holdings in ServiceNow were worth $1,589,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PFG Private Wealth Management LLC bought a new position in ServiceNow in the third quarter valued at $28,000. First Capital Advisors Group LLC. bought a new position in ServiceNow in the second quarter valued at $29,000. High Net Worth Advisory Group LLC bought a new position in ServiceNow in the first quarter valued at $29,000. AdvisorNet Financial Inc increased its stake in ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Steward Financial Group LLC grew its stake in shares of ServiceNow by 125.0% during the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 35 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NOW. Barclays raised their price objective on ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. Jefferies Financial Group raised their price objective on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. BMO Capital Markets increased their target price on shares of ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Needham & Company LLC reiterated a “buy” rating and set a $900.00 target price on shares of ServiceNow in a report on Tuesday. Finally, Mizuho increased their target price on shares of ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average target price of $780.00.

Insider Activity at ServiceNow

In related news, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the sale, the insider now owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ServiceNow news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total value of $905,201.60. Following the completion of the sale, the insider now owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the transaction, the chief executive officer now owns 17,177 shares in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold 13,164 shares of company stock valued at $9,940,303 over the last 90 days. Corporate insiders own 0.25% of the company’s stock.

ServiceNow Stock Up 0.8 %

Shares of NOW traded up $6.24 on Tuesday, hitting $742.05. 210,927 shares of the stock traded hands, compared to its average volume of 1,169,817. The company has a market capitalization of $152.40 billion, a PE ratio of 87.46, a P/E/G ratio of 4.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day simple moving average of $769.28 and a 200 day simple moving average of $698.87. ServiceNow, Inc. has a one year low of $427.68 and a one year high of $815.32.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, equities analysts forecast that ServiceNow, Inc. will post 6.16 earnings per share for the current fiscal year.

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.