Brucke Financial Inc. Buys 26 Shares of ServiceNow, Inc. (NYSE:NOW)

Brucke Financial Inc. raised its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340 shares of the information technology services provider’s stock after purchasing an additional 26 shares during the period. Brucke Financial Inc.’s holdings in ServiceNow were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in NOW. Janus Henderson Group PLC lifted its holdings in ServiceNow by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 824,725 shares of the information technology services provider’s stock valued at $874,258,000 after acquiring an additional 12,533 shares during the period. FMR LLC raised its holdings in ServiceNow by 4.9% in the 4th quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider’s stock valued at $6,232,339,000 after buying an additional 272,506 shares during the period. Parr Mcknight Wealth Management Group LLC purchased a new stake in ServiceNow during the first quarter worth about $1,820,000. Nicholas Investment Partners LP increased its stake in shares of ServiceNow by 223.5% during the fourth quarter. Nicholas Investment Partners LP now owns 2,805 shares of the information technology services provider’s stock worth $2,974,000 after buying an additional 1,938 shares during the period. Finally, OMNI 360 Wealth Inc. purchased a new position in ServiceNow in the first quarter valued at approximately $285,000. Institutional investors own 87.18% of the company’s stock.

ServiceNow Price Performance

NOW stock opened at $992.08 on Wednesday. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The company has a fifty day simple moving average of $998.96 and a two-hundred day simple moving average of $951.86. The firm has a market capitalization of $206.35 billion, a P/E ratio of 124.95, a price-to-earnings-growth ratio of 4.44 and a beta of 0.94. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.52. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.12 billion. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company earned $3.13 EPS. Analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 145 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total value of $147,900.00. Following the sale, the insider owned 3,027 shares in the company, valued at approximately $3,087,540. This trade represents a 4.57% 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, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the company’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the completion of the transaction, the insider owned 3,000 shares of the company’s stock, valued at $3,060,000. The trade was a 28.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,233 shares of company stock valued at $5,297,758. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

NOW has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $1,300.00 price objective on shares of ServiceNow in a research report on Tuesday, July 22nd. Evercore ISI lifted their target price on ServiceNow from $925.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of ServiceNow from $1,200.00 to $970.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Bank of America increased their price target on ServiceNow from $1,110.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and an average target price of $1,115.20.

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.