ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 26.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,334 shares of the information technology services provider’s stock after purchasing an additional 482 shares during the period. Blue Trust Inc.’s holdings in ServiceNow were worth $2,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. PFG Investments LLC raised its holdings in shares of ServiceNow by 11.1% in the fourth quarter. PFG Investments LLC now owns 1,355 shares of the information technology services provider’s stock valued at $1,436,000 after buying an additional 135 shares during the last quarter. Peak Financial Management Inc. acquired a new position in ServiceNow in the 4th quarter valued at about $339,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in ServiceNow by 11.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,030 shares of the information technology services provider’s stock valued at $1,092,000 after acquiring an additional 102 shares during the period. Cora Capital Advisors LLC purchased a new stake in ServiceNow during the 4th quarter valued at approximately $217,000. Finally, Jamison Private Wealth Management Inc. lifted its position in ServiceNow by 6.5% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,319 shares of the information technology services provider’s stock worth $2,458,000 after acquiring an additional 142 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NOW has been the topic of a number of recent research reports. Raymond James began coverage on ServiceNow in a report on Tuesday, December 24th. They issued an “outperform” rating and a $1,200.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Cantor Fitzgerald initiated coverage on shares of ServiceNow in a research note on Friday, January 17th. They issued an “overweight” rating and a $1,332.00 target price for the company. Stifel Nicolaus boosted their price target on shares of ServiceNow from $900.00 to $990.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, BMO Capital Markets raised their price objective on shares of ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,105.79.

ServiceNow Price Performance

ServiceNow stock opened at $1,140.70 on Tuesday. The stock has a market capitalization of $234.98 billion, a P/E ratio of 177.40, a P/E/G ratio of 5.11 and a beta of 0.99. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,165.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50-day moving average is $1,077.07 and its two-hundred day moving average is $945.28.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of ServiceNow stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total value of $76,831.44. Following the completion of the sale, the insider now owns 3,027 shares in the company, valued at $3,060,115.38. The trade was a 2.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Edward Chamberlain sold 300 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,047.95, for a total transaction of $314,385.00. Following the transaction, the director now owns 10,467 shares in the company, valued at approximately $10,968,892.65. The trade was a 2.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,731 shares of company stock worth $21,016,751. 0.25% of the stock is owned by insiders.

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.