Nisa Investment Advisors LLC boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,840 shares of the information technology services provider’s stock after purchasing an additional 2,899 shares during the period. Nisa Investment Advisors LLC’s holdings in ServiceNow were worth $69,798,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in ServiceNow by 5.8% in the second quarter. EverSource Wealth Advisors LLC now owns 815 shares of the information technology services provider’s stock worth $664,000 after acquiring an additional 45 shares during the period. Public Sector Pension Investment Board raised its holdings in ServiceNow by 74.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 7,884 shares of the information technology services provider’s stock worth $6,202,000 after purchasing an additional 3,364 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of ServiceNow in the 2nd quarter worth about $1,680,000. Resources Management Corp CT ADV boosted its stake in shares of ServiceNow by 136.6% during the 2nd quarter. Resources Management Corp CT ADV now owns 1,266 shares of the information technology services provider’s stock valued at $996,000 after purchasing an additional 731 shares in the last quarter. Finally, Farallon Capital Management LLC increased its position in shares of ServiceNow by 14.9% during the second quarter. Farallon Capital Management LLC now owns 454,050 shares of the information technology services provider’s stock valued at $357,188,000 after buying an additional 58,962 shares during the period. Institutional investors own 87.18% of the company’s stock.
ServiceNow Price Performance
NOW opened at $1,097.53 on Wednesday. The company’s 50-day simple moving average is $1,070.37 and its two-hundred day simple moving average is $935.27. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,157.90. The stock has a market capitalization of $226.09 billion, a P/E ratio of 170.69, a P/E/G ratio of 4.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13.
Insider Buying and Selling
In related news, Director Jeffrey A. Miller sold 2,879 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the completion of the sale, the director now directly owns 42,920 shares of the company’s stock, valued at approximately $43,740,630.40. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 66 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $1,048.29, for a total transaction of $69,187.14. Following the completion of the transaction, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,173,173.83. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,731 shares of company stock valued at $21,016,751 over the last 90 days. Company insiders own 0.25% of the company’s stock.
Wall Street Analysts Forecast Growth
NOW has been the topic of several research reports. JMP Securities lifted their price objective on ServiceNow from $1,000.00 to $1,300.00 and gave the company a “market outperform” rating in a research report on Tuesday. Mizuho lifted their price target on ServiceNow from $1,070.00 to $1,210.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Sanford C. Bernstein increased their price objective on ServiceNow from $906.00 to $913.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird boosted their target price on shares of ServiceNow from $900.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price target on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and a consensus target price of $1,090.72.
Check Out Our Latest Research Report on ServiceNow
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.
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