Amalgamated Bank Purchases 847 Shares of ServiceNow, Inc. (NYSE:NOW)

Amalgamated Bank increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,262 shares of the information technology services provider's stock after purchasing an additional 847 shares during the period. Amalgamated Bank's holdings in ServiceNow were worth $36,035,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NOW. Cassady Schiller Wealth Management LLC increased its position in shares of ServiceNow by 44.0% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock worth $38,000 after purchasing an additional 11 shares in the last quarter. Plancorp LLC grew its stake in ServiceNow by 4.1% during the 4th quarter. Plancorp LLC now owns 308 shares of the information technology services provider's stock worth $327,000 after buying an additional 12 shares during the last quarter. Kesler Norman & Wride LLC increased its position in ServiceNow by 1.2% during the 4th quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider's stock valued at $1,157,000 after buying an additional 13 shares in the last quarter. Sepio Capital LP raised its stake in ServiceNow by 3.8% in the fourth quarter. Sepio Capital LP now owns 359 shares of the information technology services provider's stock valued at $381,000 after buying an additional 13 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its holdings in ServiceNow by 0.5% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 2,392 shares of the information technology services provider's stock worth $2,536,000 after acquiring an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

ServiceNow Stock Up 1.2%

ServiceNow stock opened at $1,023.56 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $211.86 billion, a PE ratio of 139.07, a price-to-earnings-growth ratio of 4.70 and a beta of 0.96. The business has a 50 day simple moving average of $985.61 and a 200-day simple moving average of $964.70. ServiceNow, Inc. has a 12 month low of $678.66 and a 12 month high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.78 by $0.26. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The firm's revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.41 EPS. On average, analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Russell S. Elmer sold 62 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total value of $63,426.00. Following the transaction, the general counsel now directly owns 4,332 shares of the company's stock, valued at approximately $4,431,636. This trade represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Anita M. Sands sold 248 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $1,009.14, for a total transaction of $250,266.72. Following the transaction, the director now owns 10,643 shares in the company, valued at $10,740,277.02. The trade was a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,716 shares of company stock worth $6,611,245 in the last 90 days. Insiders own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Raymond James Financial decreased their price objective on shares of ServiceNow from $1,200.00 to $1,000.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Evercore ISI lifted their price objective on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Sanford C. Bernstein reissued an "outperform" rating and issued a $1,003.00 target price on shares of ServiceNow in a research report on Thursday, April 24th. Finally, Guggenheim lifted their price target on ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,065.32.

ServiceNow 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.

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