23,079 Shares in ServiceNow, Inc. $NOW Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 23,079 shares of the information technology services provider’s stock, valued at approximately $3,093,000.

A number of other large investors have also recently bought and sold shares of the stock. A. D. Beadell Investment Counsel Inc. lifted its position in shares of ServiceNow by 2.9% in the second quarter. A. D. Beadell Investment Counsel Inc. now owns 2,818 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 80 shares in the last quarter. DUTCH ASSET Corp increased its position in ServiceNow by 0.5% during the 3rd quarter. DUTCH ASSET Corp now owns 16,331 shares of the information technology services provider’s stock worth $2,189,000 after purchasing an additional 82 shares in the last quarter. Atwood & Palmer Inc. increased its position in ServiceNow by 20.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 600 shares of the information technology services provider’s stock worth $60,000 after purchasing an additional 100 shares in the last quarter. Diligent Investors LLC increased its position in ServiceNow by 4.1% during the 3rd quarter. Diligent Investors LLC now owns 2,560 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 100 shares in the last quarter. Finally, Signature Wealth Management Partners LLC raised its stake in ServiceNow by 3.3% in the 3rd quarter. Signature Wealth Management Partners LLC now owns 3,281 shares of the information technology services provider’s stock valued at $440,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NOW. DA Davidson set a $170.00 target price on shares of ServiceNow and gave the company a “buy” rating in a report on Monday, July 20th. Argus reiterated a “buy” rating and set a $170.00 price target on shares of ServiceNow in a report on Tuesday, November 3rd. Canaccord Genuity Group set a $145.00 price objective on shares of ServiceNow in a research report on Thursday, October 29th. Guggenheim reissued a “buy” rating and set a $175.00 price objective (up from $125.00) on shares of ServiceNow in a research note on Friday, October 23rd. Finally, Weiss Ratings downgraded shares of ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.50.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the completion of the sale, the insider owned 18,305 shares of the company’s stock, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the sale, the director owned 43,990 shares of the company’s stock, valued at $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,870 shares of company stock valued at $1,880,595. 0.34% of the stock is currently owned by company insiders.

ServiceNow Stock Performance

NYSE:NOW opened at $102.85 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.42. The company has a market cap of $106.76 billion, a P/E ratio of 73.99, a P/E/G ratio of 1.95 and a beta of 1.00. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $175.00. The firm’s 50 day moving average is $133.69 and its two-hundred day moving average is $114.40.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business earned $4.82 EPS. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts expect that ServiceNow, Inc. will post 2.12 EPS for the current year.

Recent ServiceNow Headlines

Here are a few of the latest headlines about NOW:

• Positive Sentiment: A tech-led rebound lifted software stocks and helped ServiceNow shares rise in Wednesday trading. ServiceNow stock climbs
• Positive Sentiment: ServiceNow’s expanding AI capabilities and its Google Cloud partnership—enabling Gemini Enterprise to carry out business workflows—could support long-term growth. However, the financial payoff from AI remains uncertain. Where Will ServiceNow Stock Be in 2 Years?
• Neutral Sentiment: An analyst survey cited an average price target of $154.50, though targets may not reflect the latest market concerns. Insider Jacqueline Canney’s reported share sale was made under a pre-arranged plan to cover tax withholding on equity awards, making it less informative as a signal of her outlook. Analyst price target report

About ServiceNow

ServiceNow, Inc. provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations. Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.