ServiceNow, Inc. (NYSE:NOW) Shares Bought by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. lifted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,980 shares of the information technology services provider’s stock after purchasing an additional 425 shares during the period. Duncker Streett & Co. Inc.’s holdings in ServiceNow were worth $4,225,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NOW. PFG Private Wealth Management LLC acquired a new stake in shares of ServiceNow during the third quarter valued at about $28,000. First Capital Advisors Group LLC. acquired a new stake in ServiceNow during the 2nd quarter valued at approximately $29,000. High Net Worth Advisory Group LLC purchased a new stake in ServiceNow during the 1st quarter worth approximately $29,000. AdvisorNet Financial Inc boosted its stake in shares of ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. Finally, Steward Financial Group LLC grew its position 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 worth $35,000 after buying an additional 35 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Price Performance

NOW stock traded up $8.97 during trading hours on Wednesday, hitting $744.78. 1,085,831 shares of the stock traded hands, compared to its average volume of 904,049. The stock has a 50-day simple moving average of $768.63 and a 200 day simple moving average of $700.17. The company has a market cap of $152.96 billion, a P/E ratio of 88.54, a P/E/G ratio of 4.65 and a beta of 0.97. ServiceNow, Inc. has a one year low of $427.68 and a one year high of $815.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data 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. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $0.88 EPS. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities analysts forecast that ServiceNow, Inc. will post 6.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on NOW shares. Mizuho increased their price objective on shares of ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Barclays boosted their price objective on ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a report on Tuesday, January 23rd. Royal Bank of Canada increased their target price on ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. The Goldman Sachs Group upped their price target on ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, BMO Capital Markets boosted their target price on shares of ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $780.00.

Insider Buying and Selling at ServiceNow

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

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.