FourThought Financial Partners LLC grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 9,733 shares of the information technology services provider’s stock after acquiring an additional 58 shares during the quarter. FourThought Financial Partners LLC’s holdings in ServiceNow were worth $6,876,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 32 shares during the period. Princeton Global Asset Management LLC bought a new stake in ServiceNow in the 3rd quarter worth about $35,000. Disciplined Equity Management Inc. purchased a new stake in ServiceNow in the fourth quarter worth approximately $35,000. OFI Invest Asset Management purchased a new stake in ServiceNow during the third quarter valued at $41,000. Finally, Fortitude Family Office LLC purchased a new position in shares of ServiceNow in the fourth quarter worth approximately $41,000. 87.18% of the stock is owned by institutional investors.
ServiceNow Price Performance
NOW traded up $20.93 on Friday, reaching $716.65. The company had a trading volume of 1,437,055 shares, compared to its average volume of 1,270,596. ServiceNow, Inc. has a one year low of $428.97 and a one year high of $815.32. The company has a market capitalization of $147.19 billion, a P/E ratio of 76.65, a PEG ratio of 4.37 and a beta of 0.98. The company has a fifty day moving average of $753.36 and a 200-day moving average of $713.00. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18.
Insider Buying and Selling at ServiceNow
Wall Street Analysts Forecast Growth
NOW has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $820.00 price objective on shares of ServiceNow in a research note on Wednesday, March 20th. KeyCorp lowered their price target on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Truist Financial raised their target price on shares of ServiceNow from $700.00 to $750.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Needham & Company LLC reissued a “buy” rating and set a $900.00 target price on shares of ServiceNow in a research note on Thursday, April 25th. Finally, JMP Securities restated a “market outperform” rating and set a $825.00 price target on shares of ServiceNow in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $807.28.
Check Out Our Latest Report on ServiceNow
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.
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