ServiceNow, Inc. (NYSE:NOW) Stock Holdings Decreased by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 20.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 67,883 shares of the information technology services provider’s stock after selling 17,040 shares during the quarter. National Bank of Canada FI’s holdings in ServiceNow were worth $46,628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. FourThought Financial Partners LLC boosted its stake in ServiceNow by 0.6% during the 4th quarter. FourThought Financial Partners LLC now owns 9,733 shares of the information technology services provider’s stock valued at $6,876,000 after purchasing an additional 58 shares during the period. TCG Advisory Services LLC acquired a new stake in shares of ServiceNow during the fourth quarter valued at approximately $2,234,000. AJOVista LLC acquired a new stake in shares of ServiceNow during the fourth quarter valued at approximately $157,000. Provence Wealth Management Group raised its holdings in shares of ServiceNow by 16.6% during the fourth quarter. Provence Wealth Management Group now owns 689 shares of the information technology services provider’s stock valued at $487,000 after acquiring an additional 98 shares during the period. Finally, Legacy Financial Advisors Inc. increased its stake in ServiceNow by 14.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 764 shares of the information technology services provider’s stock valued at $540,000 after buying an additional 94 shares during the period. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Up 1.0 %

NYSE NOW traded up $7.04 during midday trading on Monday, hitting $723.69. 525,700 shares of the company traded hands, compared to its average volume of 1,215,740. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.06. The company has a market cap of $148.63 billion, a PE ratio of 77.50, a price-to-earnings-growth ratio of 4.50 and a beta of 0.98. The company’s 50-day simple moving average is $753.36 and its 200-day simple moving average is $715.16. ServiceNow, Inc. has a 52 week low of $429.05 and a 52 week high of $815.32.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of ServiceNow 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 sale, the insider now directly owns 1,392 shares in the company, valued at $1,067,831.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul John Smith sold 1,180 shares of the 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 transaction, the insider now directly owns 1,392 shares in the company, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,369 shares of company stock worth $8,538,300. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NOW shares. UBS Group dropped their price objective on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Wells Fargo & Company increased their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the company an “overweight” rating in a research note on Tuesday, April 16th. Guggenheim reiterated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. Needham & Company LLC reissued a “buy” rating and set a $900.00 price objective on shares of ServiceNow in a report on Thursday, April 25th. Finally, Mizuho raised their target price on shares of ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $807.28.

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.