Strategic Blueprint LLC Raises Position in ServiceNow, Inc. $NOW

Strategic Blueprint LLC raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 65.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 424 shares of the information technology services provider’s stock after acquiring an additional 167 shares during the quarter. Strategic Blueprint LLC’s holdings in ServiceNow were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Preservation Advisors LLC purchased a new position in shares of ServiceNow during the 1st quarter worth $382,000. Corient IA LLC purchased a new position in shares of ServiceNow during the 1st quarter worth $796,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of ServiceNow during the 1st quarter worth $1,820,000. ASR Vermogensbeheer N.V. purchased a new position in shares of ServiceNow during the 1st quarter worth $19,278,000. Finally, Goldman Sachs Group Inc. raised its position in shares of ServiceNow by 131.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider’s stock valued at $1,178,706,000 after purchasing an additional 840,731 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Russell S. Elmer sold 1,698 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $884.26, for a total value of $1,501,473.48. Following the sale, the general counsel directly owned 4,332 shares in the company, valued at $3,830,614.32. The trade was a 28.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the business’s stock in a transaction dated 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 approximately $2,599,350. This trade represents a 36.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,737 shares of company stock worth $16,798,825 in the last 90 days. 0.38% of the stock is owned by company insiders.

ServiceNow Stock Performance

Shares of NYSE NOW opened at $929.77 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $193.39 billion, a P/E ratio of 117.10, a P/E/G ratio of 4.20 and a beta of 0.92. The firm’s fifty day moving average is $917.85 and its two-hundred day moving average is $943.26. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Erste Group Bank restated a “hold” rating on shares of ServiceNow in a research report on Wednesday, July 23rd. Barclays set a $1,210.00 price objective on shares of ServiceNow in a research report on Thursday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of ServiceNow in a research report on Saturday. Wall Street Zen upgraded shares of ServiceNow from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Zacks Research upgraded shares of ServiceNow from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,124.17.

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.