Security National Bank Has $4.23 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Security National Bank raised its stake in ServiceNow, Inc. (NYSE:NOW) by 20.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,316 shares of the information technology services provider’s stock after buying an additional 912 shares during the period. Security National Bank’s holdings in ServiceNow were worth $4,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in ServiceNow by 1.1% during the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock worth $2,919,000 after acquiring an additional 30 shares during the last quarter. IFP Advisors Inc increased its stake in shares of ServiceNow by 11.8% during the fourth quarter. IFP Advisors Inc now owns 1,949 shares of the information technology services provider’s stock worth $2,065,000 after purchasing an additional 206 shares during the period. Rothschild Investment LLC lifted its holdings in ServiceNow by 7.1% during the 4th quarter. Rothschild Investment LLC now owns 348 shares of the information technology services provider’s stock worth $369,000 after purchasing an additional 23 shares during the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in ServiceNow in the 4th quarter valued at $219,000. Finally, FFT Wealth Management LLC increased its position in ServiceNow by 10.1% during the 4th quarter. FFT Wealth Management LLC now owns 1,109 shares of the information technology services provider’s stock worth $1,176,000 after buying an additional 102 shares during the period. 87.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. William Blair reissued an “outperform” rating on shares of ServiceNow in a research report on Friday, March 7th. Scotiabank set a $1,100.00 price objective on shares of ServiceNow and gave the company an “outperform” rating in a report on Wednesday, May 7th. Piper Sandler decreased their target price on shares of ServiceNow from $1,200.00 to $1,120.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Evercore ISI lifted their price target on shares of ServiceNow from $925.00 to $1,000.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, BMO Capital Markets boosted their price target on ServiceNow from $1,025.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,065.32.

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $1,005.95 on Thursday. The company’s 50 day moving average price is $975.77 and its two-hundred day moving average price is $968.70. The firm has a market capitalization of $208.21 billion, a P/E ratio of 136.68, a P/E/G ratio of 4.58 and a beta of 0.95. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. ServiceNow’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the business posted $3.41 EPS. On average, equities analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In related news, Director Jonathan Chadwick sold 770 shares of the stock in a transaction on Monday, April 28th. The stock was sold at an average price of $931.62, for a total value of $717,347.40. Following the completion of the sale, the director now directly owns 3,205 shares in the company, valued at $2,985,842.10. This represents a 19.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 66 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $1,023.00, for a total value of $67,518.00. Following the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at approximately $3,096,621. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,716 shares of company stock worth $6,611,245. 0.38% of the stock is currently owned by 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.