BSW Wealth Partners Acquires 113 Shares of ServiceNow, Inc. (NYSE:NOW)

BSW Wealth Partners boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 13.6% during the 4th quarter, HoldingsChannel reports. The fund owned 944 shares of the information technology services provider’s stock after purchasing an additional 113 shares during the period. BSW Wealth Partners’ holdings in ServiceNow were worth $1,001,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in ServiceNow by 9.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,561 shares of the information technology services provider’s stock worth $13,027,000 after buying an additional 1,484 shares during the period. Invst LLC bought a new position in ServiceNow during the 2nd quarter valued at about $282,000. Regal Investment Advisors LLC raised its position in ServiceNow by 8.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 865 shares of the information technology services provider’s stock worth $681,000 after purchasing an additional 66 shares during the period. EP Wealth Advisors LLC boosted its position in shares of ServiceNow by 9.2% during the second quarter. EP Wealth Advisors LLC now owns 2,206 shares of the information technology services provider’s stock valued at $1,736,000 after buying an additional 186 shares during the period. Finally, Pathway Financial Advisers LLC grew its stake in shares of ServiceNow by 6.9% during the second quarter. Pathway Financial Advisers LLC now owns 639 shares of the information technology services provider’s stock valued at $499,000 after buying an additional 41 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

ServiceNow Stock Up 2.7 %

NOW stock opened at $1,171.00 on Wednesday. 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 firm’s fifty day simple moving average is $1,079.79 and its 200-day simple moving average is $948.04. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,198.09. The company has a market capitalization of $241.23 billion, a P/E ratio of 182.11, a price-to-earnings-growth ratio of 5.11 and a beta of 0.99.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. The Goldman Sachs Group lifted their target price on ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Citigroup boosted their price objective on shares of ServiceNow from $1,071.00 to $1,432.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer lifted their price target on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group increased their price objective on ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley lowered ServiceNow from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $900.00 to $960.00 in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,105.79.

Insiders Place Their Bets

In other news, Director Anita M. Sands sold 2,229 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total transaction of $2,372,993.40. Following the sale, the director now directly owns 11,000 shares of the company’s stock, valued at $11,710,600. This represents a 16.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.57. Following the completion of the transaction, the chief executive officer now owns 2,595 shares of the company’s stock, valued at approximately $2,588,953.65. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,731 shares of company stock valued at $21,016,751. Company insiders own 0.25% 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.