National Pension Service Raises Holdings in ServiceNow, Inc. (NYSE:NOW)

National Pension Service grew its position in ServiceNow, Inc. (NYSE:NOW) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 325,594 shares of the information technology services provider’s stock after buying an additional 5,892 shares during the quarter. National Pension Service’s holdings in ServiceNow were worth $230,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of ServiceNow by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 17,753,781 shares of the information technology services provider’s stock valued at $9,923,653,000 after buying an additional 122,577 shares in the last quarter. FMR LLC boosted its position in shares of ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock worth $2,256,407,000 after purchasing an additional 595,697 shares in the last quarter. Jennison Associates LLC increased its position in ServiceNow by 2.2% during the 4th quarter. Jennison Associates LLC now owns 2,521,190 shares of the information technology services provider’s stock valued at $1,781,195,000 after buying an additional 53,719 shares in the last quarter. Northern Trust Corp raised its stake in ServiceNow by 1.8% in the third quarter. Northern Trust Corp now owns 2,202,293 shares of the information technology services provider’s stock valued at $1,230,994,000 after buying an additional 39,259 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in ServiceNow by 3.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,200,720 shares of the information technology services provider’s stock worth $1,230,114,000 after acquiring an additional 72,570 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Paul John Smith sold 1,180 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the sale, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Paul John Smith sold 1,180 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the sale, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders sold a total of 11,369 shares of company stock worth $8,538,300 in the last 90 days. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. JMP Securities reissued a “market outperform” rating and set a $825.00 target price on shares of ServiceNow in a research report on Tuesday. StockNews.com downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. KeyCorp decreased their target price on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. The Goldman Sachs Group lifted their price objective on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Piper Sandler boosted their target price on shares of ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and an average target price of $807.88.

ServiceNow Stock Up 0.6 %

Shares of NYSE NOW traded up $4.25 during mid-day trading on Thursday, reaching $725.28. The company had a trading volume of 412,721 shares, compared to its average volume of 1,217,366. The stock has a market cap of $148.96 billion, a P/E ratio of 77.87, a PEG ratio of 4.50 and a beta of 0.98. The firm has a 50 day simple moving average of $751.22 and a two-hundred day simple moving average of $717.54. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 52-week low of $446.25 and a 52-week high of $815.32.

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.