Livforsakringsbolaget Skandia Omsesidigt Acquires 213 Shares of ServiceNow, Inc. (NYSE:NOW)

Livforsakringsbolaget Skandia Omsesidigt increased its holdings in ServiceNow, Inc. (NYSE:NOW) by 82.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 470 shares of the information technology services provider’s stock after purchasing an additional 213 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in ServiceNow were worth $332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sandbox Financial Partners LLC increased its holdings in ServiceNow by 8.6% in 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. Raymond James & Associates boosted its stake in shares of ServiceNow by 5.9% in the 4th quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock valued at $234,135,000 after buying an additional 18,442 shares during the period. Sequoia Financial Advisors LLC lifted its stake in ServiceNow by 15.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 25,726 shares of the information technology services provider’s stock worth $18,175,000 after purchasing an additional 3,438 shares during the last quarter. Fifth Third Bancorp lifted its stake in ServiceNow by 4.7% during the fourth quarter. Fifth Third Bancorp now owns 70,150 shares of the information technology services provider’s stock worth $49,560,000 after purchasing an additional 3,154 shares during the last quarter. Finally, F M Investments LLC purchased a new stake in ServiceNow during the third quarter worth approximately $1,624,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Trading Down 0.9 %

NYSE NOW traded down $6.98 on Thursday, hitting $729.47. 98,992 shares of the stock were exchanged, compared to its average volume of 1,161,417. ServiceNow, Inc. has a 52-week low of $427.68 and a 52-week high of $815.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $149.82 billion, a P/E ratio of 87.48, a P/E/G ratio of 4.71 and a beta of 0.97. The stock has a fifty day moving average price of $767.53 and a two-hundred day moving average price of $700.42.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.88 EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Research analysts forecast that ServiceNow, Inc. will post 6.16 EPS for the current fiscal year.

Analysts Set New Price Targets

NOW has been the topic of a number of recent research reports. Piper Sandler boosted their target price on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. JMP Securities upped their price target on ServiceNow from $665.00 to $825.00 and gave the stock a “market outperform” rating in a research note on Monday, January 22nd. The Goldman Sachs Group raised their target price on ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Needham & Company LLC reissued a “buy” rating and issued a $900.00 price objective on shares of ServiceNow in a report on Tuesday. Finally, BMO Capital Markets upped their target price on ServiceNow from $630.00 to $850.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $780.00.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 5,159 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $745.32, for a total transaction of $3,845,105.88. Following the sale, the insider now owns 5,453 shares of the company’s stock, valued at approximately $4,064,229.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Paul John Smith sold 5,159 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 5,453 shares of the company’s stock, valued at $4,064,229.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value 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 disclosure for this sale can be found here. Insiders sold 13,164 shares of company stock worth $9,940,303 in the last three months. 0.25% of the stock is owned by company insiders.

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.