AA Financial Advisors LLC Has $424,000 Stock Position in ServiceNow, Inc. (NYSE:NOW)

AA Financial Advisors LLC lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 9.5% during the third quarter, Holdings Channel.com reports. The firm owned 474 shares of the information technology services provider’s stock after acquiring an additional 41 shares during the quarter. AA Financial Advisors LLC’s holdings in ServiceNow were worth $424,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NOW shares. Robert W. Baird boosted their price target on shares of ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Mizuho upped their price target on shares of ServiceNow from $850.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday. Truist Financial lifted their price objective on ServiceNow from $750.00 to $780.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. TD Cowen upped their target price on ServiceNow from $870.00 to $900.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Citigroup lifted their target price on ServiceNow from $915.00 to $1,068.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $914.15.

ServiceNow Stock Up 0.5 %

Shares of NYSE:NOW opened at $921.75 on Friday. The business’s 50 day moving average is $874.61 and its 200 day moving average is $791.98. ServiceNow, Inc. has a 12-month low of $527.24 and a 12-month high of $949.59. The stock has a market cap of $188.96 billion, a price-to-earnings ratio of 98.58, a PEG ratio of 5.63 and a beta of 0.99. 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 posted its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 EPS. On average, sell-side analysts forecast that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total transaction of $326,510.88. Following the transaction, the insider now owns 3,027 shares of the company’s stock, valued at $2,799,853.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jacqueline P. Canney sold 353 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the sale, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $2,799,853.92. 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 can be accessed through this link. Also, CFO Gina Mastantuono sold 1,800 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,490 shares in the company, valued at approximately $9,479,250. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,267 shares of company stock worth $5,935,447. 0.25% of the stock is owned by insiders.

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.