336 Shares in ServiceNow, Inc. $NOW Acquired by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC bought a new position in shares of ServiceNow, Inc. (NYSE:NOW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 336 shares of the information technology services provider’s stock, valued at approximately $341,000.

A number of other large investors have also recently made changes to their positions in the company. PDS Planning Inc increased its stake in shares of ServiceNow by 0.9% during the second quarter. PDS Planning Inc now owns 3,417 shares of the information technology services provider’s stock worth $3,513,000 after buying an additional 32 shares during the period. Gunderson Capital Management Inc. purchased a new stake in shares of ServiceNow during the second quarter worth approximately $5,883,000. JB Capital LLC purchased a new stake in shares of ServiceNow during the second quarter worth approximately $225,000. Blue Trust Inc. boosted its holdings in ServiceNow by 9.2% in the second quarter. Blue Trust Inc. now owns 1,490 shares of the information technology services provider’s stock valued at $1,532,000 after purchasing an additional 126 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC acquired a new position in ServiceNow in the second quarter valued at approximately $237,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ServiceNow

In other news, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $866.45, for a total transaction of $1,489,427.55. Following the completion of the sale, the insider owned 3,000 shares in the company, valued at $2,599,350. This represents a 36.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anita M. Sands sold 1,097 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $915.11, for a total value of $1,003,875.67. Following the sale, the director owned 9,307 shares of the company’s stock, valued at $8,516,928.77. This trade represents a 10.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,737 shares of company stock valued at $16,798,825. Corporate insiders own 0.38% of the company’s stock.

ServiceNow Price Performance

NOW stock opened at $888.63 on Friday. The company has a market capitalization of $184.84 billion, a P/E ratio of 111.92, a PEG ratio of 4.00 and a beta of 0.92. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The business has a 50 day simple moving average of $909.21 and a 200-day simple moving average of $932.27. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.52. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.12 billion. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.The company’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.13 earnings per share. As a group, equities analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NOW shares. Barclays set a $1,210.00 price target on ServiceNow in a report on Thursday, July 24th. BMO Capital Markets upped their price target on ServiceNow from $1,150.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Needham & Company LLC upped their price target on ServiceNow from $1,050.00 to $1,200.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Bank of America upped their price target on ServiceNow from $1,110.00 to $1,200.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Finally, Raymond James Financial upped their price target on ServiceNow from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $1,122.20.

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.