Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $235.50 Million Holdings in ServiceNow, Inc. (NYSE:NOW)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in ServiceNow, Inc. (NYSE:NOW) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,684 shares of the information technology services provider’s stock after selling 1,444 shares during the quarter. ServiceNow comprises 2.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 14th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in ServiceNow were worth $235,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PFG Private Wealth Management LLC acquired a new position in ServiceNow in the third quarter valued at about $28,000. AdvisorNet Financial Inc raised its stake in ServiceNow by 266.7% during the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 32 shares in the last quarter. Steward Financial Group LLC raised its stake in ServiceNow by 125.0% during the third quarter. Steward Financial Group LLC now owns 63 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 35 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in ServiceNow during the third quarter worth about $35,000. Finally, OFI Invest Asset Management acquired a new position in ServiceNow during the third quarter worth about $41,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on NOW shares. Citigroup boosted their target price on ServiceNow from $896.00 to $906.00 and gave the stock a “buy” rating in a research note on Thursday. Mizuho boosted their target price on ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. BMO Capital Markets boosted their target price on ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. KeyCorp initiated coverage on ServiceNow in a report on Thursday, March 21st. They set an “overweight” rating and a $1,000.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $780.37.

ServiceNow Stock Up 1.2 %

Shares of NYSE:NOW traded up $8.66 during trading on Monday, reaching $722.57. 1,464,166 shares of the stock were exchanged, compared to its average volume of 1,179,827. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. ServiceNow, Inc. has a 1-year low of $427.68 and a 1-year high of $815.32. The stock has a fifty day moving average of $762.90 and a two-hundred day moving average of $705.19. The firm has a market cap of $148.40 billion, a price-to-earnings ratio of 85.92, a price-to-earnings-growth ratio of 4.51 and a beta of 0.97.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. ServiceNow’s revenue for the quarter was up 25.6% on a year-over-year basis. Research analysts anticipate that ServiceNow, Inc. will post 6.16 earnings per share for the current fiscal year.

Insider Transactions at ServiceNow

In related news, insider Paul John Smith sold 5,159 shares of the 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 sale, the insider now directly owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul John Smith sold 5,159 shares of the company’s 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 completion of the transaction, the insider now owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock valued at $9,940,303 over the last ninety days. 0.25% of the stock is 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.