Blue Trust Inc. Increases Stock Position in ServiceNow, Inc. (NYSE:NOW)

Blue Trust Inc. lifted its stake in ServiceNow, Inc. (NYSE:NOWFree Report) by 53.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 472 shares of the information technology services provider’s stock after purchasing an additional 165 shares during the period. Blue Trust Inc.’s holdings in ServiceNow were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Wealth Management Partners LLC grew its stake in shares of ServiceNow by 2.7% in the fourth quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 14 shares during the period. Trust Co. of Vermont boosted its holdings in shares of ServiceNow by 8.6% in the third quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock worth $106,000 after buying an additional 15 shares during the last quarter. Nemes Rush Group LLC boosted its holdings in shares of ServiceNow by 16.3% in the third quarter. Nemes Rush Group LLC now owns 121 shares of the information technology services provider’s stock worth $68,000 after buying an additional 17 shares during the last quarter. Mayflower Financial Advisors LLC boosted its holdings in shares of ServiceNow by 1.4% in the third quarter. Mayflower Financial Advisors LLC now owns 1,271 shares of the information technology services provider’s stock worth $710,000 after buying an additional 18 shares during the last quarter. Finally, SWS Partners boosted its holdings in shares of ServiceNow by 0.5% in the third quarter. SWS Partners now owns 3,521 shares of the information technology services provider’s stock worth $1,968,000 after buying an additional 18 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Trading Up 0.4 %

Shares of NOW opened at $762.40 on Friday. ServiceNow, Inc. has a twelve month low of $427.68 and a twelve month high of $815.32. The company has a market cap of $156.29 billion, a P/E ratio of 90.65, a P/E/G ratio of 4.86 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $770.19 and its 200-day simple moving average is $681.81.

ServiceNow (NYSE:NOWGet Free Report) last announced its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, analysts expect that ServiceNow, Inc. will post 6.11 EPS for the current year.

Insider Activity

In related news, insider Paul John Smith sold 1,795 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the transaction, the insider now owns 994 shares of the company’s stock, valued at approximately $776,373.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Paul John Smith sold 1,795 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the transaction, the insider now owns 994 shares of the company’s stock, valued at approximately $776,373.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the transaction, the chief executive officer now directly owns 17,177 shares in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,164 shares of company stock valued at $9,940,303. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NOW. BMO Capital Markets raised their price objective on shares of ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Robert W. Baird lifted their price target on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. TheStreet raised shares of ServiceNow from a “c+” rating to a “b-” rating in a report on Friday, December 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $820.00 price target on shares of ServiceNow in a report on Wednesday, March 20th. Finally, UBS Group lifted their price target on shares of ServiceNow from $865.00 to $885.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $762.96.

View Our Latest Research Report on NOW

About ServiceNow

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOWFree Report).

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter.