New York Life Investment Management LLC Has $22.68 Million Position in ServiceNow, Inc. (NYSE:NOW)

New York Life Investment Management LLC raised its position in shares of ServiceNow, Inc. (NYSE:NOW) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,099 shares of the information technology services provider’s stock after purchasing an additional 326 shares during the quarter. New York Life Investment Management LLC’s holdings in ServiceNow were worth $22,678,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sandbox Financial Partners LLC increased its position in ServiceNow by 8.6% during the fourth quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock worth $590,000 after buying an additional 66 shares during the last quarter. Federated Hermes Inc. increased its position in ServiceNow by 19.8% during the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock worth $212,033,000 after buying an additional 49,631 shares during the last quarter. Raymond James & Associates increased its position in ServiceNow by 5.9% during the fourth quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock worth $234,135,000 after buying an additional 18,442 shares during the last quarter. Dohj LLC acquired a new position in ServiceNow during the fourth quarter worth $913,000. Finally, Sequoia Financial Advisors LLC increased its position in ServiceNow by 15.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 25,726 shares of the information technology services provider’s stock worth $18,175,000 after buying an additional 3,438 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Mizuho increased their target price on shares of ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Barclays upped their price target on shares of ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a report on Tuesday, January 23rd. JMP Securities restated a “market outperform” rating and set a $825.00 price target on shares of ServiceNow in a report on Tuesday, April 23rd. BMO Capital Markets decreased their price target on shares of ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Guggenheim restated a “neutral” rating on shares of ServiceNow in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $807.28.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total value of $905,201.60. Following the transaction, the insider now directly owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the transaction, the insider now directly owns 1,392 shares in the company, valued at $1,067,831.04. The disclosure for this sale can be found here. Insiders sold a total of 11,369 shares of company stock valued at $8,538,300 over the last quarter. Corporate insiders own 0.25% of the company’s stock.

ServiceNow Price Performance

Shares of ServiceNow stock traded down $7.72 during midday trading on Wednesday, reaching $685.61. The company had a trading volume of 1,332,500 shares, compared to its average volume of 1,222,386. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $140.81 billion, a price-to-earnings ratio of 73.79, a price-to-earnings-growth ratio of 4.57 and a beta of 0.97. The stock has a fifty day simple moving average of $757.16 and a 200 day simple moving average of $712.16. ServiceNow, Inc. has a 1-year low of $428.97 and a 1-year high of $815.32.

ServiceNow Company 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.