Everence Capital Management Inc. Has $4.45 Million Stock Position in ServiceNow, Inc. (NYSE:NOW)

Everence Capital Management Inc. lifted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 94.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,293 shares of the information technology services provider’s stock after purchasing an additional 3,050 shares during the quarter. Everence Capital Management Inc.’s holdings in ServiceNow were worth $4,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Sandbox Financial Partners LLC grew its holdings in shares of ServiceNow by 8.6% during the 4th quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 66 shares in the last quarter. Raymond James & Associates boosted its stake in 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 in the last quarter. Sequoia Financial Advisors LLC boosted its stake in ServiceNow by 15.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 25,726 shares of the information technology services provider’s stock valued at $18,175,000 after buying an additional 3,438 shares in the last quarter. Fifth Third Bancorp boosted its stake in ServiceNow by 4.7% in the 4th quarter. Fifth Third Bancorp now owns 70,150 shares of the information technology services provider’s stock valued at $49,560,000 after buying an additional 3,154 shares in the last quarter. Finally, F M Investments LLC acquired a new stake in ServiceNow in the 3rd quarter valued at $1,624,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,795 shares of ServiceNow stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the completion of the sale, the insider now owns 994 shares of the company’s stock, valued at approximately $776,373.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction dated 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 directly owns 17,177 shares in the company, valued at approximately $12,935,655.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Paul John Smith sold 1,795 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the transaction, the insider now owns 994 shares in the company, valued at $776,373.64. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock valued at $9,940,303 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

ServiceNow Stock Up 1.2 %

Shares of NOW traded up $8.97 during trading hours on Tuesday, hitting $744.78. The stock had a trading volume of 1,085,296 shares, compared to its average volume of 1,179,294. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $769.28 and a 200-day simple moving average of $698.87. The firm has a market capitalization of $152.96 billion, a P/E ratio of 88.04, a price-to-earnings-growth ratio of 4.86 and a beta of 0.97. ServiceNow, Inc. has a 1-year low of $427.68 and a 1-year high of $815.32.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. ServiceNow’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. Sell-side analysts predict that ServiceNow, Inc. will post 6.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Mizuho boosted their price target on ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Robert W. Baird lifted their price objective on ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. KeyCorp initiated coverage on ServiceNow in a research report on Thursday, March 21st. They issued an “overweight” rating and a $1,000.00 price objective for the company. Guggenheim reiterated a “neutral” rating on shares of ServiceNow in a research report on Monday. Finally, Oppenheimer lifted their price objective on ServiceNow from $750.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and an average target price of $780.00.

About ServiceNow

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.