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

Sivia Capital Partners LLC purchased a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 345 shares of the information technology services provider’s stock, valued at approximately $244,000.

Other hedge funds have also recently made changes to their positions in the company. Sandbox Financial Partners LLC boosted its stake in shares of ServiceNow by 8.6% during the fourth quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock valued at $590,000 after purchasing an additional 66 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of ServiceNow by 19.8% in the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock worth $212,033,000 after acquiring an additional 49,631 shares during the period. Raymond James & Associates lifted its stake in shares of ServiceNow by 5.9% in the fourth quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock worth $234,135,000 after acquiring an additional 18,442 shares during the period. Smithfield Trust Co lifted its stake in shares of ServiceNow by 36.4% in the fourth quarter. Smithfield Trust Co now owns 981 shares of the information technology services provider’s stock worth $691,000 after acquiring an additional 262 shares during the period. Finally, Dohj LLC acquired a new position in shares of ServiceNow in the fourth quarter worth approximately $913,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on NOW shares. Wolfe Research reaffirmed an “outperform” rating and issued a $830.00 price objective on shares of ServiceNow in a research note on Friday, May 10th. Morgan Stanley lifted their price objective on ServiceNow from $814.00 to $830.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. UBS Group cut their price objective on ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Jefferies Financial Group boosted their price target on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, BMO Capital Markets dropped their price target on ServiceNow from $850.00 to $830.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $814.48.

ServiceNow Trading Down 0.4 %

NYSE NOW opened at $725.36 on Tuesday. The business has a 50 day moving average price of $726.49 and a 200-day moving average price of $737.87. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $815.32. The company has a market cap of $148.70 billion, a price-to-earnings ratio of 77.58, a P/E/G ratio of 4.57 and a beta of 0.96. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling

In related news, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total transaction of $150,500.00. Following the completion of the sale, the insider now owns 15,892 shares in the company, valued at $11,124,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other ServiceNow news, insider Paul John Smith sold 190 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total value of $136,568.20. Following the completion of the transaction, the insider now owns 3,010 shares in the company, valued at approximately $2,163,527.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Bedi sold 215 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were 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 of the company’s stock, valued at approximately $11,124,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,530 shares of company stock worth $3,997,012. 0.25% of the stock is owned by corporate insiders.

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.