Chicago Capital LLC Has $69.53 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Chicago Capital LLC boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 77,737 shares of the information technology services provider’s stock after buying an additional 1,189 shares during the period. ServiceNow makes up approximately 1.9% of Chicago Capital LLC’s holdings, making the stock its 15th biggest holding. Chicago Capital LLC’s holdings in ServiceNow were worth $69,527,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NOW. Creekmur Asset Management LLC acquired a new position in shares of ServiceNow during the first quarter worth about $25,000. Versant Capital Management Inc lifted its stake in ServiceNow by 466.7% in the 2nd quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares in the last quarter. EntryPoint Capital LLC boosted its position in ServiceNow by 3,900.0% during the 1st quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 39 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of ServiceNow during the 2nd quarter worth approximately $32,000. Finally, TFC Financial Management Inc. raised its holdings in shares of ServiceNow by 466.7% in the first quarter. TFC Financial Management Inc. now owns 51 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling

In other ServiceNow news, CFO Gina Mastantuono sold 1,800 shares of ServiceNow 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 $9,479,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other ServiceNow news, insider Jacqueline P. Canney sold 353 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $924.96, for a total value of $326,510.88. Following the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at $2,799,853.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total transaction of $1,485,000.00. Following the sale, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at approximately $9,479,250. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,267 shares of company stock valued at $5,935,447 over the last 90 days. 0.25% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on NOW shares. KeyCorp decreased their target price on shares of ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Guggenheim restated a “sell” rating and issued a $640.00 price objective on shares of ServiceNow in a report on Monday, July 8th. JPMorgan Chase & Co. upped their target price on ServiceNow from $780.00 to $820.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Piper Sandler raised their price target on ServiceNow from $830.00 to $850.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Mizuho upped their price objective on ServiceNow from $850.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $914.15.

ServiceNow Trading Up 0.5 %

Shares of ServiceNow stock opened at $921.75 on Friday. ServiceNow, Inc. has a 52-week low of $527.24 and a 52-week high of $949.59. The stock has a market cap of $188.96 billion, a PE ratio of 98.58, a PEG ratio of 5.63 and a beta of 0.99. The firm has a 50-day moving average of $874.61 and a 200-day moving average of $791.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

ServiceNow (NYSE:NOW) last posted 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. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current 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.