Liberty One Investment Management LLC Purchases 44 Shares of ServiceNow, Inc. $NOW

Liberty One Investment Management LLC raised its position in shares of ServiceNow, Inc. (NYSE:NOW) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 378 shares of the information technology services provider’s stock after acquiring an additional 44 shares during the period. Liberty One Investment Management LLC’s holdings in ServiceNow were worth $389,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC boosted its position in ServiceNow by 113.3% during the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 17 shares in the last quarter. Graybill Wealth Management LTD. purchased a new position in shares of ServiceNow during the first quarter valued at approximately $26,000. WASHINGTON TRUST Co lifted its holdings in shares of ServiceNow by 620.0% during the first quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 31 shares during the last quarter. Global X Japan Co. Ltd. purchased a new stake in shares of ServiceNow in the 2nd quarter worth approximately $30,000. Finally, LGT Financial Advisors LLC bought a new position in ServiceNow during the 2nd quarter valued at approximately $32,000. 87.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on NOW shares. Citigroup lifted their price objective on ServiceNow from $1,160.00 to $1,234.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Guggenheim reiterated a “sell” rating and set a $724.00 price objective on shares of ServiceNow in a research note on Thursday, July 17th. Barclays set a $1,210.00 price objective on ServiceNow in a research note on Thursday, July 24th. Oppenheimer reiterated an “outperform” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of ServiceNow in a research note on Thursday, July 24th. Finally, Needham & Company LLC lifted their price objective on ServiceNow from $1,050.00 to $1,200.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,121.37.

ServiceNow Price Performance

Shares of NYSE NOW opened at $942.56 on Wednesday. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The firm has a market cap of $196.05 billion, a P/E ratio of 118.71, a PEG ratio of 4.13 and a beta of 0.92. The company has a 50 day moving average of $913.34 and a 200 day moving average of $938.13. 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 announced its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.12 billion. During the same period in the previous year, the business earned $3.13 EPS. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 1,562 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $866.45, for a total transaction of $1,353,394.90. Following the completion of the sale, the insider directly owned 3,027 shares in the company, valued at approximately $2,622,744.15. The trade was a 34.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 5,825 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $916.63, for a total transaction of $5,339,369.75. Following the sale, the chief executive officer owned 6,614 shares of the company’s stock, valued at approximately $6,062,590.82. This represents a 46.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,737 shares of company stock worth $16,798,825 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

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.