Y.D. More Investments Ltd Acquires 80 Shares of ServiceNow, Inc. (NYSE:NOW)

Y.D. More Investments Ltd grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,828 shares of the information technology services provider’s stock after acquiring an additional 80 shares during the period. Y.D. More Investments Ltd’s holdings in ServiceNow were worth $1,291,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NOW. RB Capital Management LLC grew its stake in shares of ServiceNow by 2.0% in the 4th quarter. RB Capital Management LLC now owns 1,143 shares of the information technology services provider’s stock worth $808,000 after buying an additional 22 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of ServiceNow by 45.5% in the 4th quarter. Concord Wealth Partners now owns 809 shares of the information technology services provider’s stock worth $572,000 after acquiring an additional 253 shares during the last quarter. DiNuzzo Private Wealth Inc. bought a new stake in shares of ServiceNow in the 4th quarter worth about $138,000. Essex Financial Services Inc. bought a new stake in shares of ServiceNow in the 4th quarter worth about $250,000. Finally, Savant Capital LLC lifted its holdings in shares of ServiceNow by 5.2% in the 4th quarter. Savant Capital LLC now owns 1,276 shares of the information technology services provider’s stock worth $901,000 after acquiring an additional 63 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Stock Down 1.1 %

NYSE:NOW traded down $7.72 during mid-day trading on Wednesday, hitting $685.61. The stock had a trading volume of 1,328,304 shares, compared to its average volume of 1,222,336. The stock has a 50-day simple moving average of $757.16 and a two-hundred day simple moving average of $712.16. The company has a market capitalization of $140.81 billion, a PE ratio of 73.79, a PEG ratio of 4.57 and a beta of 0.97. ServiceNow, Inc. has a twelve month low of $428.97 and a twelve month high of $815.32. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

NOW has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a report on Tuesday, January 23rd. The Goldman Sachs Group boosted their price target on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Robert W. Baird boosted their price target on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. BMO Capital Markets reduced their price target on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Jefferies Financial Group lifted their price objective on shares of ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and a consensus target price of $807.28.

Insiders Place Their Bets

In other news, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the completion of the transaction, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 transaction, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul John Smith sold 5,159 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the transaction, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,369 shares of company stock valued at $8,538,300. 0.25% of the stock is 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.