Cora Capital Advisors LLC Makes New $213,000 Investment in ServiceNow, Inc. (NYSE:NOW)

Cora Capital Advisors LLC acquired a new position in ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 301 shares of the information technology services provider’s stock, valued at approximately $213,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Silver Oak Securities Incorporated grew its stake in ServiceNow by 2,391.5% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,171 shares of the information technology services provider’s stock valued at $827,000 after acquiring an additional 1,124 shares in the last quarter. Stonebrook Private Inc. purchased a new position in ServiceNow in the 4th quarter worth approximately $339,000. PGGM Investments purchased a new position in ServiceNow in the 4th quarter worth approximately $500,000. Intact Investment Management Inc. boosted its stake in shares of ServiceNow by 4.7% in the 4th quarter. Intact Investment Management Inc. now owns 1,340 shares of the information technology services provider’s stock valued at $947,000 after purchasing an additional 60 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its stake in shares of ServiceNow by 0.7% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 7,774 shares of the information technology services provider’s stock valued at $5,492,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Up 1.0 %

NYSE:NOW traded up $7.30 on Friday, reaching $723.55. 1,445,884 shares of the stock traded hands, compared to its average volume of 1,087,368. The company has a market capitalization of $148.60 billion, a price-to-earnings ratio of 77.39, a PEG ratio of 4.57 and a beta of 0.97. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 0.18. ServiceNow, Inc. has a 12 month low of $427.68 and a 12 month high of $815.32. The company’s fifty day simple moving average is $759.21 and its 200 day simple moving average is $710.01.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the business earned $0.88 EPS. ServiceNow’s revenue was up 25.6% compared to the same quarter last year. Equities analysts predict that ServiceNow, Inc. will post 6.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group upped their price target on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $900.00 target price on shares of ServiceNow in a research report on Thursday. Finally, Barclays raised their target price on shares of ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $792.00.

Insider Transactions at ServiceNow

In other news, insider Paul John Smith sold 1,180 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total value of $905,201.60. Following the completion of the sale, the insider now directly owns 1,392 shares in the company, valued at $1,067,831.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO William R. Mcdermott sold 5,030 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now directly owns 17,177 shares in the company, valued at $12,935,655.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The disclosure for this sale can be found here. Insiders sold 13,164 shares of company stock worth $9,940,303 over the last three months. 0.25% of the stock is currently owned by company insiders.

ServiceNow 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.