ServiceNow, Inc. (NYSE:NOW) Stock Holdings Increased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its holdings in ServiceNow, Inc. (NYSE:NOW) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,021 shares of the information technology services provider’s stock after buying an additional 66 shares during the quarter. Catalyst Financial Partners LLC’s holdings in ServiceNow were worth $721,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sandbox Financial Partners LLC raised its position in shares of ServiceNow by 8.6% during the fourth quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 66 shares during the period. Federated Hermes Inc. boosted its holdings in shares of ServiceNow by 19.8% in the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock worth $212,033,000 after buying an additional 49,631 shares during the period. Raymond James & Associates increased its position in shares of ServiceNow by 5.9% in the fourth quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock worth $234,135,000 after acquiring an additional 18,442 shares in the last quarter. Dohj LLC acquired a new stake in shares of ServiceNow during the fourth quarter valued at approximately $913,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of ServiceNow by 15.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 25,726 shares of the information technology services provider’s stock valued at $18,175,000 after acquiring an additional 3,438 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NOW shares. Mizuho increased their target price on ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a report on Thursday, January 25th. The Goldman Sachs Group upped their target price on ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, January 25th. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research note on Tuesday. Oppenheimer boosted their price target on shares of ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Finally, UBS Group reduced their price objective on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $807.88.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the transaction, the insider now directly owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now directly owns 17,177 shares in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold a total of 11,559 shares of company stock worth $8,674,868 in the last ninety days. 0.25% of the stock is currently owned by insiders.

ServiceNow Stock Performance

NYSE NOW traded up $2.13 during trading on Thursday, hitting $723.16. The company’s stock had a trading volume of 1,050,016 shares, compared to its average volume of 1,224,649. The firm has a 50 day moving average price of $750.45 and a 200 day moving average price of $717.57. The firm has a market cap of $148.52 billion, a P/E ratio of 77.32, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 52 week low of $446.25 and a 52 week high of $815.32.

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.