ServiceNow, Inc. $NOW Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its position in ServiceNow, Inc. (NYSE:NOW) by 5.7% during the second quarter, HoldingsChannel.com reports. The fund owned 23,113 shares of the information technology services provider’s stock after acquiring an additional 1,250 shares during the period. Atria Investments Inc’s holdings in ServiceNow were worth $23,762,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Haverford Trust Co grew its holdings in shares of ServiceNow by 0.9% during the first quarter. Haverford Trust Co now owns 1,176 shares of the information technology services provider’s stock worth $936,000 after buying an additional 10 shares in the last quarter. Ascent Group LLC boosted its position in ServiceNow by 0.5% during the first quarter. Ascent Group LLC now owns 2,045 shares of the information technology services provider’s stock worth $1,628,000 after acquiring an additional 10 shares during the last quarter. Edgemoor Investment Advisors Inc. grew its stake in ServiceNow by 2.5% during the 1st quarter. Edgemoor Investment Advisors Inc. now owns 459 shares of the information technology services provider’s stock valued at $366,000 after acquiring an additional 11 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in ServiceNow by 2.5% in the 1st quarter. Integrated Investment Consultants LLC now owns 450 shares of the information technology services provider’s stock valued at $358,000 after acquiring an additional 11 shares during the last quarter. Finally, one8zero8 LLC lifted its stake in ServiceNow by 3.2% in the 1st quarter. one8zero8 LLC now owns 356 shares of the information technology services provider’s stock worth $283,000 after purchasing an additional 11 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised ServiceNow from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Morgan Stanley raised ServiceNow from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,040.00 to $1,250.00 in a research note on Wednesday, September 24th. Raymond James Financial upped their price objective on shares of ServiceNow from $1,000.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Wells Fargo & Company raised their price objective on shares of ServiceNow from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Piper Sandler boosted their target price on shares of ServiceNow from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,131.07.

ServiceNow Stock Down 2.8%

NYSE:NOW opened at $911.75 on Thursday. ServiceNow, Inc. has a 52 week low of $678.66 and a 52 week high of $1,198.09. The stock’s fifty day moving average is $920.43 and its two-hundred day moving average is $946.08. The stock has a market capitalization of $189.64 billion, a price-to-earnings ratio of 114.83, a price-to-earnings-growth ratio of 4.23 and a beta of 0.92. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14.

Insider Activity at ServiceNow

In other ServiceNow news, Vice Chairman Nicholas Tzitzon sold 1,719 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total transaction of $1,489,427.55. Following the sale, the insider directly owned 3,000 shares in the company, valued at $2,599,350. This represents a 36.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 1,562 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $866.45, for a total value of $1,353,394.90. Following the completion of the sale, the insider directly owned 3,027 shares in the company, valued at $2,622,744.15. This represents a 34.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,980 shares of company stock worth $16,049,017 over the last ninety days. Company insiders own 0.38% of the company’s stock.

ServiceNow Company 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.