Linden Thomas Advisory Services LLC Purchases 289 Shares of ServiceNow, Inc. (NYSE:NOW)

Linden Thomas Advisory Services LLC increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,353 shares of the information technology services provider's stock after buying an additional 289 shares during the period. ServiceNow accounts for approximately 0.6% of Linden Thomas Advisory Services LLC's holdings, making the stock its 27th biggest position. Linden Thomas Advisory Services LLC's holdings in ServiceNow were worth $4,262,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Cassady Schiller Wealth Management LLC grew its position in shares of ServiceNow by 44.0% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock valued at $38,000 after acquiring an additional 11 shares during the period. Plancorp LLC grew its position in shares of ServiceNow by 4.1% in the 4th quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock valued at $327,000 after acquiring an additional 12 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of ServiceNow by 2.1% in the 1st quarter. Capital Investment Advisory Services LLC now owns 577 shares of the information technology services provider's stock valued at $459,000 after acquiring an additional 12 shares during the period. Kesler Norman & Wride LLC grew its position in shares of ServiceNow by 1.2% in the 4th quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider's stock valued at $1,157,000 after acquiring an additional 13 shares during the period. Finally, Sepio Capital LP grew its position in shares of ServiceNow by 3.8% in the 4th quarter. Sepio Capital LP now owns 359 shares of the information technology services provider's stock valued at $381,000 after acquiring an additional 13 shares during the period. 87.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on NOW shares. Mizuho lifted their target price on ServiceNow from $1,050.00 to $1,100.00 and gave the stock an "outperform" rating in a research note on Thursday, June 12th. The Goldman Sachs Group reiterated a "buy" rating on shares of ServiceNow in a research note on Thursday, April 24th. Truist Financial upgraded ServiceNow from a "hold" rating to a "buy" rating and lifted their target price for the stock from $950.00 to $1,200.00 in a research note on Thursday, May 1st. Wells Fargo & Company lifted their target price on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, UBS Group reaffirmed a "buy" rating and set a $1,025.00 target price (up previously from $900.00) on shares of ServiceNow in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,068.23.

ServiceNow Price Performance

Shares of ServiceNow stock traded down $45.42 on Thursday, reaching $968.29. 2,002,404 shares of the stock were exchanged, compared to its average volume of 1,480,307. The firm's 50 day moving average is $1,008.88 and its 200-day moving average is $961.75. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $200.42 billion, a PE ratio of 131.56, a P/E/G ratio of 4.66 and a beta of 0.94.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm posted $3.41 EPS. The firm's quarterly revenue was up 18.6% on a year-over-year basis. As a group, analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling at ServiceNow

In related news, CEO William R. Mcdermott sold 2,050 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the completion of the sale, the chief executive officer directly owned 6,614 shares in the company, valued at $6,693,434.14. This represents a 23.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the completion of the transaction, the insider directly owned 3,000 shares of the company's stock, valued at approximately $3,060,000. The trade was a 28.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,955 shares of company stock worth $6,862,195 over the last quarter. 0.38% of the stock is currently owned by company 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.