Pacific Capital Wealth Advisors Inc. Sells 16 Shares of ServiceNow, Inc. (NYSE:NOW)

Pacific Capital Wealth Advisors Inc. trimmed its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 39.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25 shares of the information technology services provider’s stock after selling 16 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in ServiceNow were worth $27,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. YHB Investment Advisors Inc. boosted its stake in shares of ServiceNow by 5.3% during the 4th quarter. YHB Investment Advisors Inc. now owns 5,116 shares of the information technology services provider’s stock worth $5,424,000 after buying an additional 258 shares during the last quarter. Mattern Wealth Management LLC bought a new position in ServiceNow during the fourth quarter worth $212,000. FSC Wealth Advisors LLC acquired a new stake in ServiceNow during the fourth quarter worth approximately $63,000. Nilsine Partners LLC bought a new stake in shares of ServiceNow in the fourth quarter valued at about $257,000. Finally, Mount Yale Investment Advisors LLC raised its position in shares of ServiceNow by 7.7% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 812 shares of the information technology services provider’s stock valued at $861,000 after buying an additional 58 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Performance

NYSE:NOW opened at $1,140.70 on Tuesday. The stock has a 50-day simple moving average of $1,077.07 and a two-hundred day simple moving average of $945.28. The firm has a market capitalization of $234.98 billion, a PE ratio of 177.40, a P/E/G ratio of 5.11 and a beta of 0.99. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,165.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NOW. Canaccord Genuity Group raised their price objective on ServiceNow from $1,000.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, December 20th. StockNews.com raised ServiceNow from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer boosted their target price on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Needham & Company LLC lifted their price objective on ServiceNow from $1,075.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group increased their price target on ServiceNow from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,105.79.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, CEO William R. Mcdermott sold 12,271 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 2,595 shares of the company’s stock, valued at $2,588,953.65. This trade represents a 82.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Miller sold 2,879 shares of ServiceNow stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $1,019.12, for a total transaction of $2,934,046.48. Following the completion of the sale, the director now owns 42,920 shares in the company, valued at approximately $43,740,630.40. This represents a 6.29 % 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 over the last 90 days. 0.25% of the stock is currently owned by corporate 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.