Mission Wealth Management LP Raises Holdings in ServiceNow, Inc. (NYSE:NOW)

Mission Wealth Management LP raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,372 shares of the information technology services provider’s stock after buying an additional 139 shares during the quarter. Mission Wealth Management LP’s holdings in ServiceNow were worth $3,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NOW. U.S. Capital Wealth Advisors LLC boosted its position in shares of ServiceNow by 7.8% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 513 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 37 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of ServiceNow by 5.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 36,699 shares of the information technology services provider’s stock valued at $20,514,000 after purchasing an additional 1,946 shares during the period. Busey Trust CO acquired a new stake in shares of ServiceNow in the 3rd quarter valued at about $229,000. First Pacific Financial acquired a new stake in shares of ServiceNow in the 3rd quarter valued at about $72,000. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of ServiceNow by 54.7% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,409 shares of the information technology services provider’s stock valued at $788,000 after purchasing an additional 498 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $693.33 on Wednesday. ServiceNow, Inc. has a one year low of $428.97 and a one year high of $815.32. The business’s fifty day moving average price is $757.16 and its two-hundred day moving average price is $712.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.05. The stock has a market cap of $142.40 billion, a PE ratio of 74.15, a price-to-earnings-growth ratio of 4.57 and a beta of 0.97.

Analyst Ratings Changes

A number of brokerages recently issued reports on NOW. Truist Financial upped their target price on ServiceNow from $700.00 to $750.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Guggenheim reaffirmed a “neutral” rating on shares of ServiceNow in a research report on Monday, April 15th. Wells Fargo & Company increased their price objective on ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. StockNews.com cut ServiceNow from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $825.00 price objective on shares of ServiceNow in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average target price of $807.28.

Insider Transactions at ServiceNow

In related news, insider Paul John Smith sold 5,159 shares of ServiceNow 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 transaction, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $3,787,992.40. Following the sale, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The disclosure for this sale can be found here. Insiders have sold 11,369 shares of company stock worth $8,538,300 over the last quarter. 0.25% of the stock is currently owned by 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.