Nicolet Bankshares Inc. Purchases 264 Shares of ServiceNow, Inc. (NYSE:NOW)

Nicolet Bankshares Inc. boosted its position in ServiceNow, Inc. (NYSE:NOW) by 68.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 652 shares of the information technology services provider’s stock after acquiring an additional 264 shares during the period. Nicolet Bankshares Inc.’s holdings in ServiceNow were worth $691,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Fortis Capital Advisors LLC lifted its stake in shares of ServiceNow by 16.8% during the 4th quarter. Fortis Capital Advisors LLC now owns 2,679 shares of the information technology services provider’s stock valued at $2,840,000 after buying an additional 386 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in ServiceNow by 9.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 50,622 shares of the information technology services provider’s stock valued at $53,403,000 after acquiring an additional 4,264 shares during the period. Monetary Management Group Inc. lifted its position in shares of ServiceNow by 18.2% during the fourth quarter. Monetary Management Group Inc. now owns 1,985 shares of the information technology services provider’s stock worth $2,104,000 after acquiring an additional 305 shares in the last quarter. Glass Jacobson Investment Advisors llc bought a new position in shares of ServiceNow in the fourth quarter worth $172,000. Finally, Heritage Trust Co purchased a new position in shares of ServiceNow in the fourth quarter valued at $1,886,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NOW. Robert W. Baird dropped their price objective on ServiceNow from $1,200.00 to $1,010.00 and set an “outperform” rating on the stock in a report on Wednesday, March 26th. Raymond James lowered their price target on shares of ServiceNow from $1,200.00 to $1,000.00 and set an “outperform” rating on the stock in a report on Tuesday. Needham & Company LLC raised their price objective on shares of ServiceNow from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Jefferies Financial Group decreased their target price on shares of ServiceNow from $1,300.00 to $1,250.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, Stifel Nicolaus cut their price target on shares of ServiceNow from $1,175.00 to $950.00 and set a “buy” rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $1,073.93.

Insider Activity

In other ServiceNow news, insider Jacqueline P. Canney sold 292 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,017.55, for a total value of $297,124.60. Following the transaction, the insider now owns 3,027 shares of the company’s stock, valued at approximately $3,080,123.85. This represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Nicholas Tzitzon sold 2,945 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $923.72, for a total value of $2,720,355.40. Following the sale, the insider now owns 3,649 shares of the company’s stock, valued at approximately $3,370,654.28. This represents a 44.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,351 shares of company stock valued at $20,050,076 over the last three months. Insiders own 0.25% of the company’s stock.

ServiceNow Stock Up 0.3 %

Shares of ServiceNow stock opened at $785.78 on Friday. The stock has a market capitalization of $162.66 billion, a price-to-earnings ratio of 115.05, a P/E/G ratio of 4.51 and a beta of 1.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. The company’s 50 day moving average price is $875.51 and its 200-day moving average price is $973.27. ServiceNow, Inc. has a 52-week low of $637.99 and a 52-week high of $1,198.09.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. Equities research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

ServiceNow declared that its board has authorized a stock buyback program on Wednesday, January 29th that allows the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

ServiceNow 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.