Mather Group LLC. Has $2.08 Million Position in ServiceNow, Inc. (NYSE:NOW)

Mather Group LLC. reduced its stake in ServiceNow, Inc. (NYSE:NOW) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,940 shares of the information technology services provider’s stock after selling 696 shares during the quarter. Mather Group LLC.’s holdings in ServiceNow were worth $2,077,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of ServiceNow by 0.7% in the third 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 acquiring an additional 122,577 shares in the last quarter. FMR LLC boosted its holdings in ServiceNow by 17.3% in the 3rd quarter. FMR LLC now owns 4,036,796 shares of the information technology services provider’s stock valued at $2,256,407,000 after purchasing an additional 595,697 shares during the period. Jennison Associates LLC grew its position in shares of 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 worth $1,781,195,000 after purchasing an additional 53,719 shares in the last quarter. Northern Trust Corp increased its holdings in shares of ServiceNow by 1.8% during the third quarter. Northern Trust Corp now owns 2,202,293 shares of the information technology services provider’s stock worth $1,230,994,000 after purchasing an additional 39,259 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of 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 valued at $1,230,114,000 after buying an additional 72,570 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Activity at ServiceNow

In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the transaction, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO William R. Mcdermott sold 5,030 shares of the company’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 in the company, valued at $12,935,655.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul John Smith sold 1,180 shares of the firm’s stock in a transaction 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 owns 1,392 shares in the company, valued at $1,067,831.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,369 shares of company stock valued at $8,538,300. 0.25% of the stock is owned by company insiders.

ServiceNow Stock Down 0.2 %

ServiceNow stock opened at $721.90 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 12-month low of $428.97 and a 12-month high of $815.32. The firm’s fifty day moving average is $758.35 and its 200 day moving average is $711.15. The company has a market capitalization of $148.26 billion, a PE ratio of 77.21, a PEG ratio of 4.83 and a beta of 0.97.

Analyst Ratings Changes

Several brokerages have weighed in on NOW. William Blair reaffirmed an “outperform” rating on shares of ServiceNow in a report on Thursday, April 25th. StockNews.com downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday. Mizuho boosted their target price on shares of ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Citigroup lifted their target price on ServiceNow from $896.00 to $906.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group raised their price objective on ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $807.28.

About ServiceNow

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.