Regent Peak Wealth Advisors LLC Acquires 14 Shares of ServiceNow, Inc. (NYSE:NOW)

Regent Peak Wealth Advisors LLC lifted its holdings in ServiceNow, Inc. (NYSE:NOW) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 377 shares of the information technology services provider’s stock after purchasing an additional 14 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in ServiceNow were worth $337,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. First Affirmative Financial Network increased its position in shares of ServiceNow by 1.4% in the third quarter. First Affirmative Financial Network now owns 895 shares of the information technology services provider’s stock worth $801,000 after purchasing an additional 12 shares during the period. Morling Financial Advisors LLC increased its holdings in ServiceNow by 2.5% in the 2nd quarter. Morling Financial Advisors LLC now owns 527 shares of the information technology services provider’s stock valued at $415,000 after buying an additional 13 shares during the period. CX Institutional raised its position in shares of ServiceNow by 1.2% in the 3rd quarter. CX Institutional now owns 1,089 shares of the information technology services provider’s stock valued at $974,000 after buying an additional 13 shares in the last quarter. Optas LLC lifted its holdings in shares of ServiceNow by 1.7% during the 1st quarter. Optas LLC now owns 815 shares of the information technology services provider’s stock worth $621,000 after acquiring an additional 14 shares during the period. Finally, Cedar Wealth Management LLC boosted its position in shares of ServiceNow by 5.5% during the 1st quarter. Cedar Wealth Management LLC now owns 268 shares of the information technology services provider’s stock worth $204,000 after acquiring an additional 14 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

ServiceNow Trading Down 1.0 %

NOW traded down $9.67 during trading on Wednesday, hitting $918.29. The company’s stock had a trading volume of 264,435 shares, compared to its average volume of 1,270,541. The firm has a market capitalization of $188.25 billion, a P/E ratio of 99.25, a PEG ratio of 5.63 and a beta of 0.99. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $949.59. The stock’s fifty day moving average price is $867.13 and its 200-day moving average price is $788.88. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.17.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.77 EPS. Analysts anticipate that ServiceNow, Inc. will post 6.78 EPS for the current year.

Insider Transactions at ServiceNow

In related news, insider Paul John Smith sold 187 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $795.58, for a total value of $148,773.46. Following the completion of the sale, the insider now directly owns 3,779 shares of the company’s stock, valued at $3,006,496.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other ServiceNow news, insider Paul John Smith sold 187 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $795.58, for a total value of $148,773.46. Following the completion of the sale, the insider now owns 3,779 shares of the company’s stock, valued at approximately $3,006,496.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total value of $1,510,491.97. Following the transaction, the general counsel now directly owns 6,736 shares in the company, valued at $5,252,800.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,914 shares of company stock valued at $5,608,936 in the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. KeyCorp lowered their price target on ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Evercore ISI lifted their price target on shares of ServiceNow from $850.00 to $950.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company upped their price target on shares of ServiceNow from $935.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Finally, Barclays boosted their price objective on ServiceNow from $890.00 to $980.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus target price of $880.04.

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.