Onyx Bridge Wealth Group LLC Sells 25 Shares of ServiceNow, Inc. (NYSE:NOW)

Onyx Bridge Wealth Group LLC trimmed its position in ServiceNow, Inc. (NYSE:NOW) by 5.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 462 shares of the information technology services provider’s stock after selling 25 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in ServiceNow were worth $413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NOW. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in ServiceNow by 3.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,054 shares of the information technology services provider’s stock worth $40,296,000 after acquiring an additional 1,364 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of ServiceNow by 3.3% in the third quarter. Trifecta Capital Advisors LLC now owns 7,295 shares of the information technology services provider’s stock valued at $6,525,000 after purchasing an additional 234 shares in the last quarter. Bleakley Financial Group LLC increased its position in ServiceNow by 4.7% in the third quarter. Bleakley Financial Group LLC now owns 3,884 shares of the information technology services provider’s stock worth $3,474,000 after purchasing an additional 174 shares during the last quarter. Optimum Investment Advisors raised its stake in ServiceNow by 74.0% during the third quarter. Optimum Investment Advisors now owns 174 shares of the information technology services provider’s stock valued at $156,000 after purchasing an additional 74 shares in the last quarter. Finally, nVerses Capital LLC lifted its position in ServiceNow by 266.7% during the third quarter. nVerses Capital LLC now owns 1,100 shares of the information technology services provider’s stock valued at $984,000 after purchasing an additional 800 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Stock Up 0.5 %

Shares of ServiceNow stock opened at $921.80 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $188.97 billion, a price-to-earnings ratio of 98.59, a PEG ratio of 5.63 and a beta of 0.99. The firm’s 50-day moving average is $874.61 and its two-hundred day moving average is $791.74. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $949.59.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.28. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. As a group, research analysts expect that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other news, CFO Gina Mastantuono sold 1,800 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the completion of the transaction, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at approximately $9,479,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the transaction, the chief financial officer now owns 11,490 shares in the company, valued at $9,479,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $779.81, for a total transaction of $1,510,491.97. Following the completion of the transaction, the general counsel now owns 6,736 shares of the company’s stock, valued at $5,252,800.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,267 shares of company stock valued at $5,935,447. 0.25% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on NOW shares. Jefferies Financial Group upped their target price on shares of ServiceNow from $900.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday. Guggenheim reaffirmed a “sell” rating and issued a $640.00 price objective on shares of ServiceNow in a research note on Monday, July 8th. KeyCorp cut their target price on ServiceNow from $950.00 to $920.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Royal Bank of Canada raised their price target on ServiceNow from $850.00 to $880.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Wells Fargo & Company increased their target price on shares of ServiceNow from $935.00 to $1,025.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $914.15.

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.