303 Shares in ServiceNow, Inc. (NYSE:NOW) Purchased by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. purchased a new stake in ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 303 shares of the information technology services provider’s stock, valued at approximately $214,000.

A number of other large investors have also recently modified their holdings of the business. Norges Bank bought a new stake in ServiceNow during the fourth quarter worth about $872,202,000. Moneta Group Investment Advisors LLC raised its holdings in shares of ServiceNow by 69,897.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 856,069 shares of the information technology services provider’s stock valued at $332,386,000 after buying an additional 854,846 shares in the last quarter. International Assets Investment Management LLC lifted its position in ServiceNow by 69,354.6% in the 4th quarter. International Assets Investment Management LLC now owns 821,648 shares of the information technology services provider’s stock worth $580,486,000 after buying an additional 820,465 shares during the last quarter. FMR LLC boosted its stake in ServiceNow by 17.3% in the third quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after buying an additional 595,697 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in ServiceNow by 129.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 994,367 shares of the information technology services provider’s stock valued at $386,082,000 after acquiring an additional 560,908 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

Analyst Ratings Changes

NOW has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird upped their price target on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Piper Sandler lifted their price objective on ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. KeyCorp started coverage on ServiceNow in a report on Thursday, March 21st. They set an “overweight” rating and a $1,000.00 target price for the company. Finally, JMP Securities lifted their price target on ServiceNow from $665.00 to $825.00 and gave the stock a “market outperform” rating in a research note on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $780.37.

Insider Activity

In related news, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $781.06, for a total value of $1,402,002.70. Following the sale, the insider now owns 994 shares in the company, valued at approximately $776,373.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction dated 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 transaction, the chief executive officer now 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 SEC, which is available through the SEC website. Also, insider Paul John Smith sold 1,795 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the sale, the insider now directly owns 994 shares in the company, valued at $776,373.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,164 shares of company stock worth $9,940,303. Insiders own 0.25% of the company’s stock.

ServiceNow Stock Down 0.6 %

NOW traded down $4.42 during trading on Thursday, reaching $732.03. The stock had a trading volume of 511,537 shares, compared to its average volume of 1,167,189. ServiceNow, Inc. has a one year low of $427.68 and a one year high of $815.32. The company has a market capitalization of $150.34 billion, a price-to-earnings ratio of 87.68, a P/E/G ratio of 4.71 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $767.53 and its two-hundred day moving average is $700.42.

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

About ServiceNow

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.