Trust Co. of Vermont raised its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 133.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,091 shares of the information technology services provider's stock after buying an additional 624 shares during the period. Trust Co. of Vermont's holdings in ServiceNow were worth $1,157,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of NOW. Truvestments Capital LLC purchased a new stake in shares of ServiceNow during the third quarter worth approximately $30,000. DT Investment Partners LLC grew its holdings in ServiceNow by 77.3% during the 3rd quarter. DT Investment Partners LLC now owns 39 shares of the information technology services provider's stock worth $35,000 after acquiring an additional 17 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new stake in shares of ServiceNow in the 2nd quarter valued at approximately $39,000. Oakworth Capital Inc. raised its holdings in shares of ServiceNow by 46.7% in the 3rd quarter. Oakworth Capital Inc. now owns 44 shares of the information technology services provider's stock valued at $39,000 after purchasing an additional 14 shares in the last quarter. Finally, Dunhill Financial LLC lifted its position in shares of ServiceNow by 70.0% during the 3rd quarter. Dunhill Financial LLC now owns 51 shares of the information technology services provider's stock worth $46,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.
Insiders Place Their Bets
In other ServiceNow news, insider Jacqueline P. Canney sold 455 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $1,058.54, for a total transaction of $481,635.70. Following the sale, the insider now directly owns 3,027 shares of the company's stock, valued at $3,204,200.58. This trade represents a 13.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Mcdermott sold 12,271 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the completion of the transaction, the chief executive officer now directly owns 2,595 shares of the company's stock, valued at approximately $2,588,953.65. This represents a 82.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,731 shares of company stock valued at $21,016,751. Corporate insiders own 0.25% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on NOW. Piper Sandler raised their price target on ServiceNow from $1,000.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Canaccord Genuity Group boosted their target price on ServiceNow from $1,000.00 to $1,200.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. BMO Capital Markets raised their price objective on shares of ServiceNow from $860.00 to $1,025.00 and gave the stock an "outperform" rating in a report on Thursday, October 10th. Cantor Fitzgerald began coverage on shares of ServiceNow in a report on Friday. They issued an "overweight" rating and a $1,332.00 target price for the company. Finally, JMP Securities boosted their price target on shares of ServiceNow from $850.00 to $1,000.00 and gave the company a "market outperform" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and a consensus price target of $1,080.38.
View Our Latest Analysis on ServiceNow
ServiceNow Price Performance
NYSE NOW traded up $14.86 during trading hours on Friday, reaching $1,072.02. The company's stock had a trading volume of 1,079,535 shares, compared to its average volume of 944,889. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50-day moving average is $1,069.67 and its two-hundred day moving average is $932.23. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,157.90. The stock has a market cap of $220.84 billion, a PE ratio of 166.72, a PEG ratio of 4.65 and a beta of 0.99.
ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the business earned $1.21 earnings per share. The company's quarterly revenue was up 22.2% on a year-over-year basis. Analysts forecast that ServiceNow, Inc. will post 7.07 EPS for the current year.
ServiceNow Profile
(
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.
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