Mount Yale Investment Advisors LLC Purchases 58 Shares of ServiceNow, Inc. (NYSE:NOW)

Mount Yale Investment Advisors LLC lifted its position in ServiceNow, Inc. (NYSE:NOW) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 812 shares of the information technology services provider’s stock after purchasing an additional 58 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in ServiceNow were worth $861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOW. Webster Bank N. A. boosted its position in shares of ServiceNow by 21.2% during the 4th quarter. Webster Bank N. A. now owns 4,716 shares of the information technology services provider’s stock valued at $5,000,000 after acquiring an additional 826 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in ServiceNow by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 26,148 shares of the information technology services provider’s stock valued at $27,720,000 after purchasing an additional 8,598 shares in the last quarter. Center For Asset Management LLC grew its stake in shares of ServiceNow by 10.4% in the 4th quarter. Center For Asset Management LLC now owns 277 shares of the information technology services provider’s stock valued at $294,000 after purchasing an additional 26 shares during the period. United Asset Strategies Inc. raised its holdings in shares of ServiceNow by 0.5% in the 4th quarter. United Asset Strategies Inc. now owns 22,323 shares of the information technology services provider’s stock worth $23,665,000 after buying an additional 110 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its position in shares of ServiceNow by 0.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 4,954 shares of the information technology services provider’s stock worth $5,252,000 after buying an additional 30 shares during the period. 87.18% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NOW. Needham & Company LLC lifted their price objective on ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a report on Monday, November 25th. Guggenheim restated a “sell” rating and issued a $716.00 price target on shares of ServiceNow in a research report on Wednesday, January 22nd. Citigroup boosted their target price on ServiceNow from $1,071.00 to $1,432.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial raised their price target on ServiceNow from $900.00 to $1,100.00 and gave the company a “hold” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada boosted their price objective on ServiceNow from $1,045.00 to $1,210.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,105.79.

ServiceNow Trading Up 1.4 %

Shares of NYSE:NOW opened at $1,140.70 on Tuesday. The business’s 50 day simple moving average is $1,077.07 and its 200 day simple moving average is $945.28. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,165.98. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $234.98 billion, a P/E ratio of 177.40, a P/E/G ratio of 5.11 and a beta of 0.99.

Insider Activity

In other ServiceNow news, CEO William R. Mcdermott sold 12,271 shares of the business’s 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 transaction, the chief executive officer now directly owns 2,595 shares in the company, valued at $2,588,953.65. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jacqueline P. Canney sold 455 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $1,058.54, for a total value of $481,635.70. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $3,204,200.58. This represents a 13.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 20,731 shares of company stock worth $21,016,751. 0.25% of the stock is currently owned by company 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.