3,915 Shares in ServiceNow, Inc. (NYSE:NOW) Purchased by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new position in ServiceNow, Inc. (NYSE:NOW) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,915 shares of the information technology services provider’s stock, valued at approximately $4,150,000. ServiceNow accounts for 3.3% of Berbice Capital Management LLC’s holdings, making the stock its 11th biggest position.

Several other institutional investors have also bought and sold shares of the stock. Impact Partnership Wealth LLC acquired a new stake in ServiceNow during the fourth quarter valued at approximately $241,000. Motive Wealth Advisors purchased a new stake in ServiceNow in the 4th quarter worth approximately $223,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in ServiceNow by 4.8% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 3,572 shares of the information technology services provider’s stock worth $3,814,000 after buying an additional 163 shares in the last quarter. McGlone Suttner Wealth Management Inc. raised its holdings in shares of ServiceNow by 6.8% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 313 shares of the information technology services provider’s stock worth $332,000 after acquiring an additional 20 shares in the last quarter. Finally, Brighton Jones LLC raised its position in ServiceNow by 1.1% during the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock valued at $2,919,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Price Performance

ServiceNow stock opened at $1,133.31 on Friday. The business’s 50-day simple moving average is $1,072.95 and its 200 day simple moving average is $938.64. The stock has a market cap of $233.46 billion, a price-to-earnings ratio of 176.72, a P/E/G ratio of 5.11 and a beta of 0.99. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,157.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the firm earned $1.21 EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, research analysts anticipate that ServiceNow, Inc. will post 7.06 earnings per share for the current year.

Insider Buying and Selling at ServiceNow

In other news, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the transaction, the chief executive officer now owns 2,595 shares in the company, valued at $2,588,953.65. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 455 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $1,058.54, for a total value of $481,635.70. Following the completion of the sale, the insider now owns 3,027 shares in the company, valued at $3,204,200.58. The trade was a 13.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,731 shares of company stock valued at $21,016,751. 0.25% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NOW has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com raised ServiceNow from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC lifted their price target on shares of ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research report on Monday, November 25th. TD Cowen lifted their price target on shares of ServiceNow from $1,025.00 to $1,300.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, JMP Securities lifted their target price on shares of ServiceNow from $1,000.00 to $1,300.00 and gave the stock a “market outperform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,093.34.

ServiceNow Company 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.