CreativeOne Wealth LLC Invests $249,000 in ServiceNow, Inc. (NYSE:NOW)

CreativeOne Wealth LLC acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 352 shares of the information technology services provider’s stock, valued at approximately $249,000.

A number of other large investors also recently bought and sold shares of NOW. Norges Bank bought a new position in shares of ServiceNow during the 4th quarter worth approximately $1,648,259,000. International Assets Investment Management LLC lifted its holdings in shares of ServiceNow by 69,354.6% during the 4th quarter. International Assets Investment Management LLC now owns 821,648 shares of the information technology services provider’s stock valued at $580,486,000 after purchasing an additional 820,465 shares during the last quarter. FMR LLC boosted its position in shares of ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after purchasing an additional 595,697 shares in the last quarter. Cerity Partners LLC grew its stake in ServiceNow by 1,073.7% during the 4th quarter. Cerity Partners LLC now owns 406,262 shares of the information technology services provider’s stock worth $287,020,000 after buying an additional 371,648 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in ServiceNow during the 3rd quarter valued at about $135,075,000. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Down 2.6 %

Shares of NYSE:NOW opened at $738.51 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $747.11 and a 200-day simple moving average of $732.26. The company has a market capitalization of $151.39 billion, a PE ratio of 78.99, a P/E/G ratio of 4.63 and a beta of 0.98. ServiceNow, Inc. has a twelve month low of $517.80 and a twelve month high of $815.32.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. On average, equities analysts predict that ServiceNow, Inc. will post 6.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NOW. Robert W. Baird boosted their price objective on shares of ServiceNow from $870.00 to $885.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. UBS Group reduced their target price on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Wells Fargo & Company increased their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. JMP Securities reiterated a “market outperform” rating and issued a $825.00 target price on shares of ServiceNow in a research report on Tuesday, May 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $900.00 price objective on shares of ServiceNow in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $808.73.

Insider Activity

In related news, insider Paul John Smith sold 602 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $769.75, for a total transaction of $463,389.50. Following the transaction, the insider now owns 3,619 shares in the company, valued at approximately $2,785,725.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 917 shares of company stock valued at $690,880. Insiders own 0.25% of the company’s stock.

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.