Disciplined Equity Management Inc. Invests $35,000 in ServiceNow, Inc. (NYSE:NOW)

Disciplined Equity Management Inc. acquired a new stake in ServiceNow, Inc. (NYSE:NOW) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 50 shares of the information technology services provider’s stock, valued at approximately $35,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wealth Management Partners LLC lifted its holdings in shares of ServiceNow by 2.7% in the 4th quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock valued at $375,000 after buying an additional 14 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its holdings in ServiceNow by 30.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 14 shares during the period. Trust Co. of Vermont boosted its position in shares of ServiceNow by 8.6% during the 3rd quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 15 shares in the last quarter. Claro Advisors LLC grew its stake in shares of ServiceNow by 3.6% during the 4th quarter. Claro Advisors LLC now owns 428 shares of the information technology services provider’s stock worth $302,000 after purchasing an additional 15 shares during the period. Finally, Country Club Bank GFN increased its holdings in shares of ServiceNow by 1.6% in the 4th quarter. Country Club Bank GFN now owns 951 shares of the information technology services provider’s stock valued at $668,000 after purchasing an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analysts Set New Price Targets

NOW has been the topic of several recent analyst reports. Citigroup upped their target price on shares of ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. KeyCorp began coverage on ServiceNow in a research report on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 price target for the company. UBS Group lifted their price target on ServiceNow from $885.00 to $920.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Piper Sandler raised their target price on shares of ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. Finally, Royal Bank of Canada upped their price target on shares of ServiceNow from $840.00 to $850.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $780.37.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the transaction, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the sale, the insider now directly owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,164 shares of company stock worth $9,940,303. 0.25% of the stock is owned by insiders.

ServiceNow Trading Up 0.7 %

ServiceNow stock traded up $5.44 during trading on Wednesday, reaching $746.39. The company had a trading volume of 1,702,385 shares, compared to its average volume of 1,186,092. ServiceNow, Inc. has a 12-month low of $427.68 and a 12-month high of $815.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The stock’s 50 day moving average price is $761.32 and its two-hundred day moving average price is $706.74. The firm has a market capitalization of $153.29 billion, a price-to-earnings ratio of 88.75, a PEG ratio of 4.56 and a beta of 0.97.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.34. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.88 EPS. As a group, equities analysts expect that ServiceNow, Inc. will post 6.16 earnings per share for the current fiscal year.

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.