205 Shares in ServiceNow, Inc. (NYSE:NOW) Acquired by Cora Capital Advisors LLC

Cora Capital Advisors LLC purchased a new stake in ServiceNow, Inc. (NYSE:NOW) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 205 shares of the information technology services provider’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NOW. Daymark Wealth Partners LLC boosted its position in ServiceNow by 27.4% during the 2nd quarter. Daymark Wealth Partners LLC now owns 563 shares of the information technology services provider’s stock worth $443,000 after acquiring an additional 121 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in ServiceNow by 88.8% during the second quarter. Maverick Capital Ltd. now owns 638 shares of the information technology services provider’s stock worth $502,000 after purchasing an additional 300 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in ServiceNow by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 180,410 shares of the information technology services provider’s stock valued at $141,907,000 after purchasing an additional 2,257 shares in the last quarter. Ninepoint Partners LP acquired a new stake in ServiceNow in the 2nd quarter valued at $769,000. Finally, Goodman Advisory Group LLC bought a new stake in ServiceNow during the 2nd quarter worth about $3,305,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 2,229 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $2,372,993.40. Following the completion of the sale, the director now directly owns 11,000 shares in the company, valued at $11,710,600. This represents a 16.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jacqueline P. Canney sold 455 shares of ServiceNow stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $1,058.54, for a total value of $481,635.70. Following the completion of the transaction, the insider now owns 3,027 shares in the company, valued at approximately $3,204,200.58. The trade was a 13.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,731 shares of company stock valued at $21,016,751. 0.25% of the stock is owned by corporate insiders.

ServiceNow Stock Performance

Shares of NYSE:NOW opened at $1,124.64 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,157.90. The company’s 50 day moving average price is $1,077.07 and its two-hundred day moving average price is $942.47. The firm has a market cap of $231.68 billion, a PE ratio of 174.91, a PEG ratio of 5.11 and a beta of 0.99.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.26. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The company’s revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. Equities research analysts predict that ServiceNow, Inc. will post 7.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOW has been the topic of several analyst reports. Jefferies Financial Group upped their target price on ServiceNow from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Scotiabank began coverage on ServiceNow in a report on Tuesday, November 19th. They issued a “sector outperform” rating and a $1,230.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of ServiceNow in a research note on Friday, January 17th. They issued an “overweight” rating and a $1,332.00 target price for the company. Evercore ISI upped their price target on shares of ServiceNow from $950.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, KeyCorp downgraded shares of ServiceNow from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, ServiceNow has an average rating of “Moderate Buy” and an average price target of $1,093.34.

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.