Signaturefd LLC Purchases 253 Shares of ServiceNow, Inc. (NYSE:NOW)

Signaturefd LLC raised its position in ServiceNow, Inc. (NYSE:NOWFree Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,377 shares of the information technology services provider’s stock after buying an additional 253 shares during the quarter. Signaturefd LLC’s holdings in ServiceNow were worth $2,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake in ServiceNow by 266.7% during the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares during the last quarter. PFG Private Wealth Management LLC acquired a new position in shares of ServiceNow during the 3rd quarter worth $28,000. First Capital Advisors Group LLC. bought a new stake in shares of ServiceNow during the 2nd quarter worth $29,000. High Net Worth Advisory Group LLC acquired a new stake in ServiceNow in the first quarter valued at about $29,000. Finally, Fortitude Family Office LLC bought a new position in ServiceNow in the fourth quarter valued at about $41,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other ServiceNow news, insider Paul John Smith sold 5,159 shares of ServiceNow stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the transaction, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total value of $3,787,992.40. Following the completion of the sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock valued at $9,940,303 over the last ninety days. 0.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NOW shares. BMO Capital Markets raised their price target on shares of ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Piper Sandler increased their price target on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Royal Bank of Canada raised their price objective on ServiceNow from $840.00 to $850.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Mizuho increased their target price on ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group boosted their price target on ServiceNow from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $780.37.

Get Our Latest Report on ServiceNow

ServiceNow Stock Down 2.4 %

NYSE NOW traded down $17.45 on Friday, hitting $713.91. 1,540,609 shares of the company were exchanged, compared to its average volume of 874,337. ServiceNow, Inc. has a 12 month low of $427.68 and a 12 month high of $815.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market cap of $146.62 billion, a PE ratio of 84.89, a PEG ratio of 4.51 and a beta of 0.97. The stock has a fifty day moving average of $764.19 and a 200-day moving average of $702.86.

ServiceNow (NYSE:NOWGet Free Report) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $0.88 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, analysts forecast that ServiceNow, Inc. will post 6.16 earnings per share for the current year.

About ServiceNow

(Free Report)

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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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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