Sapient Capital LLC Takes Position in ServiceNow, Inc. (NYSE:NOW)

Sapient Capital LLC bought a new position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,933 shares of the information technology services provider's stock, valued at approximately $4,898,000.

Several other hedge funds have also recently modified their holdings of NOW. Cerity Partners LLC increased its stake in shares of ServiceNow by 1,073.7% during the 4th quarter. Cerity Partners LLC now owns 406,262 shares of the information technology services provider's stock worth $287,020,000 after purchasing an additional 371,648 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new stake in shares of ServiceNow during the 4th quarter worth approximately $68,000. Sandy Spring Bank increased its stake in shares of ServiceNow by 9.4% during the 4th quarter. Sandy Spring Bank now owns 5,236 shares of the information technology services provider's stock worth $3,699,000 after purchasing an additional 451 shares during the last quarter. Financial Counselors Inc. increased its stake in shares of ServiceNow by 6.3% during the 4th quarter. Financial Counselors Inc. now owns 23,171 shares of the information technology services provider's stock worth $16,370,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in shares of ServiceNow by 9.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 648 shares of the information technology services provider's stock worth $458,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

Insiders Place Their Bets

In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the business's 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 sale, the chief executive officer now directly owns 17,177 shares of the company's stock, valued at $12,935,655.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ServiceNow 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 transaction, the chief executive officer now owns 17,177 shares in the company, valued at $12,935,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul John Smith sold 1,180 shares of the business's stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the completion of the transaction, the insider now owns 1,392 shares in the company, valued at approximately $1,067,831.04. The disclosure for this sale can be found here. Insiders sold 13,164 shares of company stock valued at $9,940,303 over the last three months. Insiders own 0.28% of the company's stock.

ServiceNow Trading Up 0.2 %

ServiceNow stock traded up $1.68 during mid-day trading on Thursday, hitting $770.87. The company's stock had a trading volume of 747,683 shares, compared to its average volume of 1,187,339. 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 stock has a market cap of $158.32 billion, a price-to-earnings ratio of 91.26, a price-to-earnings-growth ratio of 4.96 and a beta of 0.97. The business has a 50 day moving average price of $770.52 and a 200-day moving average price of $693.48. ServiceNow, Inc. has a 12 month low of $427.68 and a 12 month high of $815.32.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.34. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.40 billion. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The firm's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. As a group, analysts forecast that ServiceNow, Inc. will post 6.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NOW shares. Oppenheimer raised their price target on shares of ServiceNow from $750.00 to $800.00 and gave the stock an "outperform" rating in a research note on Thursday, January 18th. Barclays lifted their price objective on shares of ServiceNow from $765.00 to $870.00 and gave the company an "overweight" rating in a research note on Tuesday, January 23rd. Needham & Company LLC lifted their price objective on shares of ServiceNow from $660.00 to $900.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. The Goldman Sachs Group lifted their price objective on shares of ServiceNow from $800.00 to $910.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Finally, Mizuho lifted their price objective on shares of ServiceNow from $750.00 to $820.00 and gave the company a "buy" rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $772.22.

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.