BSW Wealth Partners Raises Position in ServiceNow, Inc. (NYSE:NOW)

BSW Wealth Partners boosted its stake in ServiceNow, Inc. (NYSE:NOW) by 13.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 944 shares of the information technology services provider’s stock after buying an additional 113 shares during the quarter. BSW Wealth Partners’ holdings in ServiceNow were worth $1,001,000 as of its most recent SEC filing.

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

Insider Buying and Selling at ServiceNow

In related news, Director Jeffrey A. Miller sold 2,879 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $1,019.12, for a total value of $2,934,046.48. Following the transaction, the director now directly owns 42,920 shares of the company’s stock, valued at approximately $43,740,630.40. The trade was a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Mcdermott sold 12,271 shares of the 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 sale, the chief executive officer now directly owns 2,595 shares of the company’s stock, valued at approximately $2,588,953.65. This trade represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,731 shares of company stock valued at $21,016,751 over the last 90 days. 0.25% of the stock is currently owned by corporate insiders.

ServiceNow Stock Performance

Shares of NOW opened at $1,171.00 on Wednesday. ServiceNow, Inc. has a 52 week low of $637.99 and a 52 week high of $1,198.09. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock has a market cap of $241.23 billion, a price-to-earnings ratio of 182.11, a PEG ratio of 5.11 and a beta of 0.99. The business has a 50-day simple moving average of $1,079.79 and a two-hundred day simple moving average of $948.04.

Wall Street Analysts Forecast Growth

NOW has been the subject of several research reports. Sanford C. Bernstein upped their target price on ServiceNow from $906.00 to $913.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their price target on shares of ServiceNow from $1,070.00 to $1,210.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. JMP Securities boosted their price objective on shares of ServiceNow from $1,000.00 to $1,300.00 and gave the company a “market outperform” rating in a research report on Tuesday, January 21st. Raymond James started coverage on shares of ServiceNow in a report on Tuesday, December 24th. They set an “outperform” rating and a $1,200.00 target price for the company. Finally, TD Cowen upped their price target on ServiceNow from $1,025.00 to $1,300.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,105.79.

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.