Brighton Jones LLC Has $2.44 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Brighton Jones LLC lowered its position in shares of ServiceNow, Inc. (NYSE:NOW) by 8.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,723 shares of the information technology services provider’s stock after selling 236 shares during the quarter. Brighton Jones LLC’s holdings in ServiceNow were worth $2,436,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NOW. Creekmur Asset Management LLC bought a new stake in shares of ServiceNow in the 1st quarter valued at $25,000. Versant Capital Management Inc grew its stake in ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares during the period. EntryPoint Capital LLC increased its holdings in shares of ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 39 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of ServiceNow during the second quarter worth about $32,000. Finally, TFC Financial Management Inc. lifted its holdings in shares of ServiceNow by 466.7% during the 1st quarter. TFC Financial Management Inc. now owns 51 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Down 1.1 %

Shares of ServiceNow stock opened at $907.68 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $880.60 and a two-hundred day simple moving average of $795.09. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $949.59. The company has a market capitalization of $186.07 billion, a price-to-earnings ratio of 97.08, a P/E/G ratio of 5.63 and a beta of 0.99.

ServiceNow (NYSE:NOW) last posted its earnings results 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 company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the company posted $0.77 EPS. ServiceNow’s quarterly revenue was up 22.2% compared to the same quarter last year. Research analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current year.

Wall Street Analysts Forecast Growth

NOW has been the subject of a number of research reports. Evercore ISI increased their target price on ServiceNow from $850.00 to $950.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of ServiceNow from $860.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Robert W. Baird upped their target price on shares of ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. UBS Group increased their target price on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $835.00 price objective on shares of ServiceNow in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $927.62.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 94 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $825.92, for a total value of $77,636.48. Following the transaction, the insider now owns 4,019 shares of the company’s stock, valued at approximately $3,319,372.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ServiceNow news, General Counsel Russell S. Elmer sold 1,937 shares of ServiceNow stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the completion of the sale, the general counsel now owns 6,736 shares in the company, valued at $5,252,800.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 94 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $825.92, for a total transaction of $77,636.48. Following the transaction, the insider now owns 4,019 shares in the company, valued at approximately $3,319,372.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,467 shares of company stock worth $4,450,447 over the last three months. Insiders own 0.25% of the company’s stock.

About ServiceNow

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.