TCI Wealth Advisors Inc. Has $707,000 Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

TCI Wealth Advisors Inc. reduced its position in shares of ServiceNow, Inc. (NYSE:NOW) by 31.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,001 shares of the information technology services provider’s stock after selling 452 shares during the period. TCI Wealth Advisors Inc.’s holdings in ServiceNow were worth $707,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sandbox Financial Partners LLC raised its stake in ServiceNow by 8.6% during the 4th 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 period. Federated Hermes Inc. raised its stake in ServiceNow by 19.8% during the 4th 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 period. Raymond James & Associates raised its stake in ServiceNow by 5.9% during the 4th 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 period. Dohj LLC acquired a new position in ServiceNow during the 4th quarter worth approximately $913,000. Finally, Sequoia Financial Advisors LLC raised its stake in ServiceNow by 15.4% during the 4th 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 period. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Stock Performance

NYSE NOW traded up $20.93 on Friday, hitting $716.65. 1,437,055 shares of the stock traded hands, compared to its average volume of 1,270,596. The business’s fifty day moving average is $753.36 and its two-hundred day moving average is $715.16. ServiceNow, Inc. has a 12 month low of $428.97 and a 12 month high of $815.32. The firm has a market capitalization of $147.19 billion, a price-to-earnings ratio of 76.65, a PEG ratio of 4.50 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.06 and a current ratio of 1.05.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the 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 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 filing with the SEC, which is available through the SEC website. In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the 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 sale, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul John Smith sold 5,159 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total value of $3,845,105.88. Following the sale, the insider now owns 5,453 shares in the company, valued at approximately $4,064,229.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,369 shares of company stock valued at $8,538,300. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

NOW has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on ServiceNow from $800.00 to $910.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Royal Bank of Canada boosted their price objective on ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Stifel Nicolaus reissued a “buy” rating and set a $820.00 price objective on shares of ServiceNow in a report on Wednesday, March 20th. UBS Group decreased their price objective on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price objective on ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and a consensus target price of $807.28.

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.