Whittier Trust Co. of Nevada Inc. Purchases 917 Shares of ServiceNow, Inc. (NYSE:NOW)

Whittier Trust Co. of Nevada Inc. raised its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 3.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,185 shares of the information technology services provider's stock after acquiring an additional 917 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in ServiceNow were worth $26,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NOW. International Assets Investment Management LLC lifted its stake in shares of ServiceNow by 3.1% in the 1st quarter. International Assets Investment Management LLC now owns 1,199 shares of the information technology services provider's stock worth $921,000 after purchasing an additional 36 shares during the period. CHICAGO TRUST Co NA lifted its stake in shares of ServiceNow by 44.4% in the 1st quarter. CHICAGO TRUST Co NA now owns 618 shares of the information technology services provider's stock worth $471,000 after purchasing an additional 190 shares during the period. Traynor Capital Management Inc. lifted its stake in shares of ServiceNow by 7.9% in the 1st quarter. Traynor Capital Management Inc. now owns 327 shares of the information technology services provider's stock worth $249,000 after purchasing an additional 24 shares during the period. Harbor Investment Advisory LLC lifted its stake in shares of ServiceNow by 161.7% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,696 shares of the information technology services provider's stock worth $1,293,000 after purchasing an additional 1,048 shares during the period. Finally, Austin Private Wealth LLC lifted its stake in shares of ServiceNow by 14.0% in the 1st quarter. Austin Private Wealth LLC now owns 611 shares of the information technology services provider's stock worth $464,000 after purchasing an additional 75 shares during the period. Institutional investors own 87.18% of the company's stock.

ServiceNow Trading Down 0.4 %

NYSE NOW traded down $3.41 on Monday, hitting $918.34. 1,387,373 shares of the stock were exchanged, compared to its average volume of 1,272,999. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a fifty day moving average price of $876.85 and a two-hundred day moving average price of $793.35. The firm has a market capitalization of $188.26 billion, a P/E ratio of 98.22, a P/E/G ratio of 5.63 and a beta of 0.99. ServiceNow, Inc. has a 52-week low of $527.24 and a 52-week high of $949.59.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, topping the consensus estimate of $2.85 by $0.28. The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.61 billion. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. ServiceNow's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Research analysts forecast that ServiceNow, Inc. will post 6.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Mizuho raised their target price on shares of ServiceNow from $850.00 to $980.00 and gave the stock an "outperform" rating in a research note on Thursday. BMO Capital Markets raised their target price on shares of ServiceNow from $860.00 to $1,025.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. TD Cowen raised their target price on shares of ServiceNow from $900.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Monday. UBS Group raised their target price on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Finally, Truist Financial raised their target price on shares of ServiceNow from $750.00 to $780.00 and gave the stock a "hold" rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $923.00.

Insider Transactions at ServiceNow

In other news, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $2,799,853.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jacqueline P. Canney sold 353 shares of ServiceNow stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $2,799,853.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jacqueline P. Canney sold 94 shares of ServiceNow stock in a transaction on Monday, August 19th. The stock was sold at an average price of $825.92, for a total value of $77,636.48. Following the sale, the insider now owns 4,019 shares of the company's stock, valued at approximately $3,319,372.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,267 shares of company stock worth $5,935,447. 0.25% of the stock is currently owned by insiders.

ServiceNow Company 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.