ServiceNow, Inc. (NYSE:NOW) Shares Bought by HM Payson & Co.

HM Payson & Co. raised its position in ServiceNow, Inc. (NYSE:NOW) by 88.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 575 shares of the information technology services provider’s stock after purchasing an additional 270 shares during the quarter. HM Payson & Co.’s holdings in ServiceNow were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NOW. Allworth Financial LP increased its stake in shares of ServiceNow by 372.7% in the fourth quarter. Allworth Financial LP now owns 52 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 41 shares during the period. Sterling Financial Planning Inc. acquired a new stake in shares of ServiceNow in the fourth quarter valued at approximately $30,000. Birchcreek Wealth Management LLC acquired a new stake in shares of ServiceNow in the fourth quarter valued at approximately $33,000. Clearview Wealth Advisors LLC bought a new position in shares of ServiceNow in the fourth quarter valued at approximately $34,000. Finally, Kistler Tiffany Companies LLC bought a new position in shares of ServiceNow in the fourth quarter valued at approximately $34,000. Institutional investors own 87.20% of the company’s stock.

Shares of NOW stock opened at $510.73 on Thursday. ServiceNow, Inc. has a 12-month low of $263.90 and a 12-month high of $598.37. The company has a market capitalization of $100.15 billion, a P/E ratio of 144.68, a P/E/G ratio of 12.70 and a beta of 1.14. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $509.53 and a 200 day moving average price of $521.55.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 27th. The information technology services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.11. ServiceNow had a net margin of 16.60% and a return on equity of 9.79%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. As a group, research analysts expect that ServiceNow, Inc. will post 1.11 earnings per share for the current year.

NOW has been the subject of several recent analyst reports. Barclays increased their price objective on shares of ServiceNow from $650.00 to $655.00 and gave the company an “overweight” rating in a report on Thursday, January 28th. Cowen increased their price objective on shares of ServiceNow from $600.00 to $620.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. Citigroup initiated coverage on shares of ServiceNow in a report on Wednesday, March 3rd. They issued a “buy” rating and a $665.00 price objective for the company. Credit Suisse Group increased their price objective on shares of ServiceNow from $610.00 to $615.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. Finally, Macquarie raised their target price on shares of ServiceNow from $611.00 to $631.00 and gave the stock an “outperform” rating in a report on Thursday, January 28th. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. ServiceNow presently has an average rating of “Buy” and a consensus price target of $600.41.

In other ServiceNow news, Director Frederic B. Luddy sold 810 shares of the business’s stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $485.84, for a total value of $393,530.40. Following the completion of the transaction, the director now directly owns 811 shares of the company’s stock, valued at $394,016.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Frederic B. Luddy sold 16,500 shares of the business’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $582.10, for a total transaction of $9,604,650.00. Following the completion of the transaction, the director now directly owns 811 shares of the company’s stock, valued at $472,083.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,005 shares of company stock valued at $18,116,418. Insiders own 1.00% of the company’s stock.

ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform that offers workflow automation, artificial intelligence, machine learning, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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