Sava Infond d.o.o. Boosts Holdings in ServiceNow, Inc. (NYSE:NOW)

Sava Infond d.o.o. lifted its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,440 shares of the information technology services provider's stock after purchasing an additional 1,165 shares during the period. ServiceNow comprises approximately 3.9% of Sava Infond d.o.o.'s portfolio, making the stock its 7th largest position. Sava Infond d.o.o.'s holdings in ServiceNow were worth $20,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP acquired a new position in shares of ServiceNow in the 4th quarter valued at $27,000. Atala Financial Inc acquired a new position in ServiceNow during the fourth quarter worth about $28,000. LFA Lugano Financial Advisors SA acquired a new position in ServiceNow in the 4th quarter valued at about $32,000. Noble Wealth Management PBC acquired a new stake in ServiceNow during the fourth quarter worth approximately $34,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of ServiceNow during the fourth quarter worth $37,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ServiceNow

In other news, General Counsel Russell S. Elmer sold 62 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total transaction of $63,426.00. Following the completion of the transaction, the general counsel now directly owns 4,332 shares in the company, valued at $4,431,636. This represents a 1.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anita M. Sands sold 428 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $1,013.61, for a total value of $433,825.08. Following the transaction, the director now directly owns 10,891 shares of the company's stock, valued at $11,039,226.51. This trade represents a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,716 shares of company stock valued at $6,611,245 over the last quarter. Corporate insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

NOW has been the topic of several research analyst reports. Citigroup raised their target price on shares of ServiceNow from $1,128.00 to $1,160.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Truist Financial raised ServiceNow from a "hold" rating to a "buy" rating and boosted their price objective for the company from $950.00 to $1,200.00 in a report on Thursday, May 1st. Sanford C. Bernstein restated an "outperform" rating and issued a $1,003.00 price target on shares of ServiceNow in a research report on Thursday, April 24th. Erste Group Bank upgraded shares of ServiceNow from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $1,050.00 price target on shares of ServiceNow in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,065.32.

ServiceNow Trading Up 0.6%

Shares of NYSE:NOW traded up $5.99 during trading on Wednesday, hitting $1,002.31. 241,058 shares of the company's stock were exchanged, compared to its average volume of 1,720,737. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. The firm has a market cap of $207.46 billion, a P/E ratio of 136.10, a PEG ratio of 4.52 and a beta of 0.95. The firm has a 50-day moving average price of $971.58 and a two-hundred day moving average price of $968.44. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.78 by $0.26. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company earned $3.41 EPS. The firm's revenue was up 18.6% on a year-over-year basis. Equities analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

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.