YHB Investment Advisors Inc. Grows Stock Position in ServiceNow, Inc. (NYSE:NOW)

YHB Investment Advisors Inc. boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 5.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,116 shares of the information technology services provider’s stock after acquiring an additional 258 shares during the quarter. YHB Investment Advisors Inc.’s holdings in ServiceNow were worth $5,424,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of ServiceNow by 98.1% during the 2nd quarter. Creative Planning now owns 51,717 shares of the information technology services provider’s stock worth $40,685,000 after acquiring an additional 25,608 shares in the last quarter. Nemes Rush Group LLC boosted its position in ServiceNow by 65.9% during the second quarter. Nemes Rush Group LLC now owns 277 shares of the information technology services provider’s stock worth $218,000 after purchasing an additional 110 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in ServiceNow by 15.0% during the second quarter. NewEdge Advisors LLC now owns 24,778 shares of the information technology services provider’s stock valued at $19,493,000 after purchasing an additional 3,223 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of ServiceNow by 9.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,561 shares of the information technology services provider’s stock worth $13,027,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in shares of ServiceNow by 1.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,538 shares of the information technology services provider’s stock worth $2,783,000 after purchasing an additional 63 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Stock Up 1.4 %

Shares of NYSE NOW opened at $1,140.70 on Tuesday. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,165.98. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The company has a market cap of $234.98 billion, a price-to-earnings ratio of 177.40, a PEG ratio of 5.11 and a beta of 0.99. The stock has a 50-day moving average price of $1,077.07 and a two-hundred day moving average price of $945.28.

Insiders Place Their Bets

In other news, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.57. Following the completion of the sale, the chief executive officer now owns 2,595 shares in the company, valued at $2,588,953.65. The trade was a 82.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 76 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total value of $76,831.44. Following the completion of the transaction, the insider now owns 3,027 shares in the company, valued at approximately $3,060,115.38. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,731 shares of company stock valued at $21,016,751. 0.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on NOW shares. Oppenheimer upped their price objective on shares of ServiceNow from $1,020.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company raised their target price on ServiceNow from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Evercore ISI upped their price objective on shares of ServiceNow from $950.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BMO Capital Markets lifted their target price on shares of ServiceNow from $860.00 to $1,025.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Finally, Needham & Company LLC upped their price objective on ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,105.79.

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.