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

Livforsakringsbolaget Skandia Omsesidigt increased its stake in ServiceNow, Inc. (NYSE:NOW) by 82.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 470 shares of the information technology services provider’s stock after buying an additional 213 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in ServiceNow were worth $332,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wealth Management Partners LLC lifted its stake in ServiceNow by 2.7% during the 4th quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock valued at $375,000 after acquiring an additional 14 shares during the period. Trust Co. of Vermont grew its holdings in shares of ServiceNow by 8.6% during the third quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock worth $106,000 after buying an additional 15 shares in the last quarter. Claro Advisors LLC grew its holdings in shares of ServiceNow by 3.6% during the fourth quarter. Claro Advisors LLC now owns 428 shares of the information technology services provider’s stock worth $302,000 after buying an additional 15 shares in the last quarter. Country Club Bank GFN boosted its position in shares of ServiceNow by 1.6% during the 4th quarter. Country Club Bank GFN now owns 951 shares of the information technology services provider’s stock valued at $668,000 after acquiring an additional 15 shares during the last quarter. Finally, Nemes Rush Group LLC boosted its position in shares of ServiceNow by 16.3% during the 3rd quarter. Nemes Rush Group LLC now owns 121 shares of the information technology services provider’s stock valued at $68,000 after acquiring an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of NOW traded down $6.98 during mid-day trading on Thursday, reaching $729.47. 98,992 shares of the stock traded hands, compared to its average volume of 1,161,417. The company has a market cap of $149.82 billion, a price-to-earnings ratio of 87.48, a price-to-earnings-growth ratio of 4.71 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. ServiceNow, Inc. has a 1 year low of $427.68 and a 1 year high of $815.32. The firm has a fifty day moving average price of $767.53 and a 200 day moving average price of $700.42.

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

Insider Activity

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the business’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 sale, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO William R. Mcdermott sold 5,030 shares of the stock in a transaction 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $905,201.60. Following the sale, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Insiders sold a total of 13,164 shares of company stock valued at $9,940,303 in the last 90 days. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

NOW has been the topic of several research reports. Mizuho increased their price target on shares of ServiceNow from $750.00 to $820.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Oppenheimer raised their target price on ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Citigroup raised their price target on ServiceNow from $862.00 to $896.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Piper Sandler raised their price target on ServiceNow from $750.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, BMO Capital Markets lifted their price objective on ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Three investment 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $780.00.

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.