Vista Capital Partners Inc. Purchases New Holdings in ServiceNow, Inc. (NYSE:NOW)

Vista Capital Partners Inc. bought a new stake in ServiceNow, Inc. (NYSE:NOW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 318 shares of the information technology services provider's stock, valued at approximately $337,000.

Several other large investors have also made changes to their positions in NOW. Polymer Capital Management HK LTD raised its position in shares of ServiceNow by 57.0% during the 3rd quarter. Polymer Capital Management HK LTD now owns 2,701 shares of the information technology services provider's stock valued at $2,416,000 after acquiring an additional 981 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in ServiceNow in the fourth quarter valued at about $48,802,000. Dock Street Asset Management Inc. lifted its stake in ServiceNow by 3.4% in the fourth quarter. Dock Street Asset Management Inc. now owns 33,154 shares of the information technology services provider's stock valued at $35,147,000 after buying an additional 1,105 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in ServiceNow by 39.4% during the third quarter. Avidian Wealth Enterprises LLC now owns 488 shares of the information technology services provider's stock worth $436,000 after buying an additional 138 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of ServiceNow by 36.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,868 shares of the information technology services provider's stock worth $2,565,000 after buying an additional 765 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

Insider Transactions at ServiceNow

In other news, insider Nicholas Tzitzon sold 313 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $1,064.60, for a total transaction of $333,219.80. Following the completion of the sale, the insider now owns 3,649 shares in the company, valued at $3,884,725.40. The trade was a 7.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Paul John Smith sold 2,404 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $980.05, for a total value of $2,356,040.20. Following the transaction, the insider now owns 6,244 shares in the company, valued at approximately $6,119,432.20. This trade represents a 27.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,806 shares of company stock worth $16,065,122. 0.25% of the stock is owned by company insiders.

ServiceNow Stock Performance

Shares of ServiceNow stock traded down $30.19 during trading on Friday, hitting $937.79. 2,001,299 shares of the stock were exchanged, compared to its average volume of 1,645,842. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $1,054.69 and a 200-day moving average price of $977.09. The stock has a market capitalization of $193.18 billion, a price-to-earnings ratio of 137.30, a price-to-earnings-growth ratio of 4.60 and a beta of 0.99. ServiceNow, Inc. has a 1-year low of $637.99 and a 1-year high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 EPS for the quarter, hitting analysts' consensus estimates of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. As a group, equities analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

ServiceNow announced that its board has authorized a share buyback program on Wednesday, January 29th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of ServiceNow from $900.00 to $990.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price target on shares of ServiceNow from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Robert W. Baird dropped their price objective on ServiceNow from $1,250.00 to $1,200.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. Canaccord Genuity Group lifted their target price on ServiceNow from $1,200.00 to $1,275.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Finally, Mizuho increased their price target on ServiceNow from $1,070.00 to $1,210.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,129.72.

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.