Savant Capital LLC Buys 63 Shares of ServiceNow, Inc. (NYSE:NOW)

Savant Capital LLC raised its stake in ServiceNow, Inc. (NYSE:NOW) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,276 shares of the information technology services provider’s stock after purchasing an additional 63 shares during the period. Savant Capital LLC’s holdings in ServiceNow were worth $901,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. AdvisorNet Financial Inc grew its stake in ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 32 shares during the period. Princeton Global Asset Management LLC bought a new stake in ServiceNow during the 3rd quarter valued at $35,000. Disciplined Equity Management Inc. acquired a new position in ServiceNow during the fourth quarter worth $35,000. OFI Invest Asset Management bought a new position in shares of ServiceNow in the third quarter valued at $41,000. Finally, Fortitude Family Office LLC acquired a new position in shares of ServiceNow during the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Price Performance

ServiceNow stock opened at $716.65 on Friday. The firm has a market capitalization of $147.19 billion, a P/E ratio of 76.65, a PEG ratio of 4.37 and a beta of 0.98. ServiceNow, Inc. has a one year low of $428.97 and a one year high of $815.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. The business has a fifty day moving average price of $754.44 and a 200-day moving average price of $711.86.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NOW shares. UBS Group dropped their price target on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. William Blair reiterated an “outperform” rating on shares of ServiceNow in a report on Thursday, April 25th. Needham & Company LLC reissued a “buy” rating and issued a $900.00 price target on shares of ServiceNow in a research report on Thursday, April 25th. Piper Sandler lifted their price objective on shares of ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Citigroup raised their price target on shares of ServiceNow from $896.00 to $906.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $807.28.

Insiders Place Their Bets

In other news, insider Paul John Smith sold 5,159 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the sale, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the transaction, the chief executive officer now directly owns 17,177 shares in the company, valued at $12,935,655.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Paul John Smith sold 5,159 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the transaction, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The disclosure for this sale can be found here. Insiders sold a total of 11,369 shares of company stock worth $8,538,300 in the last quarter. 0.25% of the stock is owned by company insiders.

ServiceNow Company 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.