Total Clarity Wealth Management Inc. Has $521,000 Stock Holdings in ServiceNow, Inc. $NOW

Total Clarity Wealth Management Inc. raised its stake in ServiceNow, Inc. (NYSE:NOW) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 507 shares of the information technology services provider’s stock after acquiring an additional 16 shares during the period. Total Clarity Wealth Management Inc.’s holdings in ServiceNow were worth $521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOW. Brighton Jones LLC raised its holdings in ServiceNow by 1.1% in the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock valued at $2,919,000 after acquiring an additional 30 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of ServiceNow by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 3,378 shares of the information technology services provider’s stock valued at $2,689,000 after purchasing an additional 308 shares during the last quarter. Stock Yards Bank & Trust Co. increased its stake in shares of ServiceNow by 79.7% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 496 shares of the information technology services provider’s stock valued at $395,000 after purchasing an additional 220 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of ServiceNow in the 1st quarter valued at $1,275,000. Finally, Ritholtz Wealth Management increased its stake in shares of ServiceNow by 12.3% in the 1st quarter. Ritholtz Wealth Management now owns 2,868 shares of the information technology services provider’s stock valued at $2,283,000 after purchasing an additional 315 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 1,097 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $8,516,928.77. The trade was a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Fipps sold 1,452 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $895.05, for a total value of $1,299,612.60. Following the completion of the sale, the insider owned 457 shares in the company, valued at $409,037.85. This trade represents a 76.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,737 shares of company stock worth $16,798,825. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on ServiceNow from $1,110.00 to $1,200.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Guggenheim reiterated a “sell” rating and issued a $724.00 price target on shares of ServiceNow in a research note on Thursday, July 17th. Piper Sandler lifted their price target on ServiceNow from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. JMP Securities reiterated a “market outperform” rating and issued a $1,300.00 price target on shares of ServiceNow in a research note on Monday, August 4th. Finally, Wells Fargo & Company lifted their price target on ServiceNow from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research note 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 given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,122.20.

ServiceNow Trading Up 3.9%

Shares of NOW stock opened at $923.44 on Tuesday. The firm has a market capitalization of $192.07 billion, a P/E ratio of 116.30, a P/E/G 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 company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $909.24 and its 200 day simple moving average is $933.88.

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