ServiceNow, Inc. (NYSE:NOW) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,340 shares of the information technology services provider’s stock after purchasing an additional 60 shares during the quarter. Intact Investment Management Inc.’s holdings in ServiceNow were worth $947,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its position in ServiceNow by 266.7% during the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 32 shares in the last quarter. PFG Private Wealth Management LLC acquired a new stake in ServiceNow during the 3rd quarter worth approximately $28,000. Disciplined Equity Management Inc. acquired a new stake in ServiceNow in the fourth quarter valued at approximately $35,000. Fortitude Family Office LLC purchased a new position in shares of ServiceNow during the 4th quarter valued at approximately $41,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in ServiceNow by 30.4% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 14 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Performance

NYSE NOW traded up $7.30 during trading on Friday, hitting $723.55. The company’s stock had a trading volume of 1,445,884 shares, compared to its average volume of 1,087,368. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $759.21 and a 200 day moving average price of $708.95. The firm has a market cap of $148.60 billion, a P/E ratio of 77.39, a price-to-earnings-growth ratio of 4.57 and a beta of 0.97. ServiceNow, Inc. has a 52 week low of $427.68 and a 52 week high of $815.32.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business posted $0.88 EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Equities research analysts forecast that ServiceNow, Inc. will post 6.16 earnings per share for the current fiscal year.

Insider Transactions at ServiceNow

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 stock was sold at an average price of $767.12, for a total value of $905,201.60. Following the transaction, the insider now owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the sale, the insider now directly owns 1,392 shares of the company’s stock, valued at approximately $1,067,831.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 13,164 shares of company stock valued at $9,940,303. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NOW shares. JMP Securities reaffirmed a “market outperform” rating and issued a $825.00 target price on shares of ServiceNow in a research report on Tuesday, April 23rd. Robert W. Baird increased their target price on ServiceNow from $780.00 to $870.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. BMO Capital Markets dropped their target price on ServiceNow from $850.00 to $830.00 and set an “outperform” rating on the stock in a research report on Thursday. Oppenheimer raised their price target on ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, January 18th. Finally, Morgan Stanley raised their price target on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $792.00.

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.