Vima LLC Acquires Shares of 88 ServiceNow, Inc. (NYSE:NOW)

Vima LLC acquired a new stake in ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 88 shares of the information technology services provider’s stock, valued at approximately $62,000.

Several other institutional investors also recently bought and sold shares of NOW. Fiera Capital Corp increased its stake in ServiceNow by 1.4% in the 3rd quarter. Fiera Capital Corp now owns 2,983 shares of the information technology services provider’s stock valued at $1,667,000 after buying an additional 41 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of ServiceNow by 1.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 144,926 shares of the information technology services provider’s stock worth $81,008,000 after purchasing an additional 2,714 shares in the last quarter. Phoenix Holdings Ltd. boosted its position in shares of ServiceNow by 19.4% during the 3rd quarter. Phoenix Holdings Ltd. now owns 5,893 shares of the information technology services provider’s stock worth $3,294,000 after purchasing an additional 959 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of ServiceNow during the 3rd quarter worth $3,297,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of ServiceNow during the 3rd quarter worth $13,991,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wolfe Research restated an “outperform” rating and set a $830.00 target price on shares of ServiceNow in a research report on Friday, May 10th. KeyCorp decreased their target price on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Robert W. Baird boosted their price objective on shares of ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Morgan Stanley boosted their price objective on shares of ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Company boosted their price objective on shares of ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $814.48.

ServiceNow Trading Up 2.7 %

NOW traded up $18.82 on Friday, reaching $728.58. 958,030 shares of the company’s stock were exchanged, compared to its average volume of 1,571,690. The company’s 50 day moving average is $727.71 and its 200-day moving average is $736.68. The company has a market cap of $149.36 billion, a price-to-earnings ratio of 77.94, a PEG ratio of 4.45 and a beta of 0.96. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $815.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.41. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. Equities analysts predict that ServiceNow, Inc. will post 6.5 earnings per share for the current year.

Insiders Place Their Bets

In other ServiceNow news, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the transaction, the insider now owns 15,892 shares in the company, valued at approximately $11,124,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other ServiceNow news, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the transaction, the insider now owns 15,892 shares in the company, valued at approximately $11,124,400. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul John Smith sold 125 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $727.38, for a total value of $90,922.50. Following the completion of the transaction, the insider now owns 3,112 shares of the company’s stock, valued at approximately $2,263,606.56. The disclosure for this sale can be found here. Insiders sold a total of 5,530 shares of company stock worth $3,997,012 in the last 90 days. 0.25% of the stock is owned by company insiders.

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.