First Bank & Trust has increased its stake in ServiceNow, Inc. (NYSE: NOW – Get Rating) by 22.0% in the first quarter, HoldingsChannel reports. The fund owns 2,875 shares of the information technology services provider’s stock after purchasing an additional 519 shares during the period. First Bank & Trust’s holdings in ServiceNow were worth $ 1,601,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC bought a new position in ServiceNow in the 4th quarter worth approximately $ 25,000. AHL Investment Management Inc. bought a new position in ServiceNow in the 4th quarter worth approximately $ 35,000. Lee Financial Co increased its holdings in ServiceNow by 671.4% in the 4th quarter. Lee Financial Co. now owns 54 shares of the information technology services provider’s stock worth $ 35,000 after buying an additional 47 shares during the period. Delos Wealth Advisors LLC bought a new position in ServiceNow in the 4th quarter worth approximately $ 40,000. Finally, Maryland Capital Advisors Inc. bought a new position in ServiceNow in the 4th quarter worth approximately $ 53,000. Hedge funds and other institutional investors own 87.20% of the company’s stock.
Changes in Analyst Ratings
A number of research analysts have weighed in on the shares of NOW. Cowen reduced their target price on ServiceNow from $ 725.00 to $ 695.00 in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft reduced their target price on ServiceNow from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. Barclays reduced their price target on ServiceNow from $ 652.00 to $ 613.00 in a report on Thursday, April 28th. Credit Suisse Group reduced their target price on ServiceNow from $ 800.00 to $ 700.00 in a report on Thursday, April 28th. Finally, Wells Fargo & Company launched coverage on ServiceNow in a report on Wednesday, May 18th. They set an “overweight” rating and a $ 600.00 target price on the stock. Two analysts rated the stock with a sell rating, two assigned a hold rating and twenty-six gave a buy rating to the company. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $ 638.40.
ServiceNow Price Performance
Shares of ServiceNow stock traded $ 18.17 on Friday, reaching $ 439.14. 29,190 shares of the stock traded hands, compared to its average volume of 1,809,000. The company has a market capitalization of $ 88.03 billion, a price-to-earnings ratio of 382.70, a P/E/G ratio of 10.00 and a beta of 1.03. The business has a fifty day simple moving average of $ 461.66 and a two-hundred day simple moving average of $ 518.77. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12. ServiceNow, Inc. has a 52-week low of $ 406.47 and a 52-week high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 EPS for the quarter, beating analysts ’consensus estimates of $ 0.34 by $ 0.13. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The company had revenue of $ 1.72 billion in the quarter, compared to the agreed $ 1.70 billion. In the same quarter last year, the company earned $ 0.50 EPS. The company’s revenue for the quarter rose 26.6% compared to the same quarter last year. Sell-side analysts expect ServiceNow, Inc. will post 1.73 EPS for the current year.
Insiders Place Their Bets
In other ServiceNow news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $ 446.04, for a total value of $ 55,755.00. Following the completion of the sale, the insider now owns 1,446 shares of the company’s stock, valued at $ 644,973.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Teresa Briggs sold 932 shares of the company’s stock in a transaction that took place on Friday, April 29th. The shares were sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the transaction, the director now directly owns 707 shares of the company’s stock, valued at $ 346,613.82. The sale was disclosed in a filing with the SEC, which is accessible via this hyperlink. Also, insider Paul John Smith sold 125 shares of the company’s stock in a transaction that took place on Friday, May 13th. The stock was sold at an average price of $ 446.04, for a total transaction of $ 55,755.00. Following the transaction, the insider now directly owns 1,446 shares in the company, valued at $ 644,973.84. The disclosure for this sale can be found here. Insiders have sold a total of 17,577 shares of the company’s stock worth $ 8,503,327 over the past 90 days. Insiders own 0.28% of the company’s stock.
ServiceNow profile
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ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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