U.S. Capital Wealth Advisors LLC Has $327,000 Position in ServiceNow, Inc. (NYSE:NOW)

U.S. Capital Wealth Advisors LLC decreased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 463 shares of the information technology services provider’s stock after selling 50 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in ServiceNow were worth $327,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of NOW. International Assets Investment Management LLC boosted its holdings in shares of ServiceNow by 69,354.6% during the fourth quarter. International Assets Investment Management LLC now owns 821,648 shares of the information technology services provider’s stock worth $580,486,000 after acquiring an additional 820,465 shares during the period. FMR LLC boosted its stake in ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock valued at $2,256,407,000 after purchasing an additional 595,697 shares during the period. Jennison Associates LLC grew its holdings in ServiceNow by 23.0% in the 3rd quarter. Jennison Associates LLC now owns 2,467,471 shares of the information technology services provider’s stock valued at $1,379,217,000 after buying an additional 461,614 shares in the last quarter. Cerity Partners LLC increased its position in ServiceNow by 1,073.7% during the 4th quarter. Cerity Partners LLC now owns 406,262 shares of the information technology services provider’s stock worth $287,020,000 after buying an additional 371,648 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of ServiceNow during the third quarter worth $135,075,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Robert W. Baird boosted their price target on ServiceNow from $870.00 to $885.00 and gave the company an “outperform” rating in a research note on Tuesday. JMP Securities reaffirmed a “market outperform” rating and issued a $825.00 price objective on shares of ServiceNow in a report on Tuesday. Piper Sandler increased their target price on ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Guggenheim restated a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and an average price target of $807.88.

ServiceNow Trading Down 1.8 %

Shares of NYSE:NOW opened at $713.53 on Wednesday. ServiceNow, Inc. has a 1 year low of $429.05 and a 1 year high of $815.32. The stock’s fifty day moving average price is $751.22 and its 200-day moving average price is $717.54. 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 $146.54 billion, a P/E ratio of 76.31, a PEG ratio of 4.50 and a beta of 0.98.

Insider Transactions at ServiceNow

In related news, CEO William R. Mcdermott sold 5,030 shares of the firm’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 value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow 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 sale, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul John Smith sold 5,159 shares of ServiceNow stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the completion of the sale, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The disclosure for this sale can be found here. Insiders have sold a total of 11,369 shares of company stock worth $8,538,300 in the last ninety days. 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.