Mayflower Financial Advisors LLC Has $1.56 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Mayflower Financial Advisors LLC increased its stake in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,472 shares of the information technology services provider’s stock after acquiring an additional 25 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in ServiceNow were worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in ServiceNow by 9.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,561 shares of the information technology services provider’s stock worth $13,027,000 after purchasing an additional 1,484 shares in the last quarter. Invst LLC acquired a new stake in shares of ServiceNow during the second quarter valued at about $282,000. Regal Investment Advisors LLC lifted its stake in shares of ServiceNow by 8.3% in the second quarter. Regal Investment Advisors LLC now owns 865 shares of the information technology services provider’s stock worth $681,000 after acquiring an additional 66 shares during the period. EP Wealth Advisors LLC increased its holdings in ServiceNow by 9.2% in the second quarter. EP Wealth Advisors LLC now owns 2,206 shares of the information technology services provider’s stock worth $1,736,000 after purchasing an additional 186 shares in the last quarter. Finally, Pathway Financial Advisers LLC raised its position in shares of ServiceNow by 6.9% during the second quarter. Pathway Financial Advisers LLC now owns 639 shares of the information technology services provider’s stock worth $499,000 after purchasing an additional 41 shares during the period. Institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 76 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $1,010.94, for a total value of $76,831.44. Following the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $3,060,115.38. This represents a 2.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William R. Mcdermott sold 12,271 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the sale, the chief executive officer now owns 2,595 shares of the company’s stock, valued at $2,588,953.65. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,731 shares of company stock valued at $21,016,751 in the last quarter. Corporate insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NOW shares. Robert W. Baird lifted their price objective on shares of ServiceNow from $900.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their price target on shares of ServiceNow from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Canaccord Genuity Group upped their target price on shares of ServiceNow from $1,000.00 to $1,200.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Wells Fargo & Company boosted their price target on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Mizuho upped their price objective on shares of ServiceNow from $1,070.00 to $1,210.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,105.79.

View Our Latest Stock Analysis on ServiceNow

ServiceNow Price Performance

Shares of NYSE NOW opened at $1,171.00 on Wednesday. The firm has a market cap of $241.23 billion, a PE ratio of 182.11, a price-to-earnings-growth ratio of 5.11 and a beta of 0.99. The business has a 50 day moving average price of $1,079.79 and a two-hundred day moving average price of $948.04. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09.

ServiceNow Profile

(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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