YHB Investment Advisors Inc. Purchases 281 Shares of ServiceNow, Inc. (NYSE:NOW)

YHB Investment Advisors Inc. raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,397 shares of the information technology services provider's stock after purchasing an additional 281 shares during the quarter. YHB Investment Advisors Inc.'s holdings in ServiceNow were worth $4,297,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NOW. Janus Henderson Group PLC boosted its stake in ServiceNow by 1.5% during the fourth quarter. Janus Henderson Group PLC now owns 824,725 shares of the information technology services provider's stock worth $874,258,000 after buying an additional 12,533 shares during the period. FMR LLC grew its holdings in ServiceNow by 4.9% during the 4th quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider's stock worth $6,232,339,000 after acquiring an additional 272,506 shares in the last quarter. Duncker Streett & Co. Inc. increased its holdings in ServiceNow by 4.8% in the fourth quarter. Duncker Streett & Co. Inc. now owns 6,376 shares of the information technology services provider's stock valued at $6,759,000 after buying an additional 290 shares during the last quarter. Nicholas Investment Partners LP raised its position in shares of ServiceNow by 223.5% during the 4th quarter. Nicholas Investment Partners LP now owns 2,805 shares of the information technology services provider's stock worth $2,974,000 after acquiring an additional 1,938 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ServiceNow by 18.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 196,783 shares of the information technology services provider's stock valued at $209,103,000 after buying an additional 31,125 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price target on ServiceNow from $881.00 to $950.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Wells Fargo & Company upped their price objective on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of ServiceNow from a "buy" rating to a "hold" rating in a research report on Monday, June 9th. Barclays set a $1,085.00 target price on ServiceNow in a research note on Wednesday, May 7th. Finally, Robert W. Baird upped their price objective on shares of ServiceNow from $1,010.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,062.50.

Insider Buying and Selling

In related news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the completion of the sale, the insider now directly owns 3,000 shares in the company, valued at approximately $3,060,000. This trade represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 248 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,009.14, for a total transaction of $250,266.72. Following the completion of the sale, the director now directly owns 10,643 shares of the company's stock, valued at $10,740,277.02. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is currently owned by corporate insiders.

ServiceNow Price Performance

Shares of NOW stock traded up $15.47 on Tuesday, reaching $995.87. 1,510,683 shares of the company were exchanged, compared to its average volume of 1,482,211. The business has a 50-day moving average price of $968.01 and a 200 day moving average price of $968.25. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $206.13 billion, a price-to-earnings ratio of 135.31, a P/E/G ratio of 4.48 and a beta of 0.96.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The business had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The company's quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the company posted $3.41 EPS. Equities research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

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.