Bank of New Hampshire Boosts Position in ServiceNow, Inc. (NYSE:NOW)

Bank of New Hampshire grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 9,280.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,407 shares of the information technology services provider's stock after buying an additional 1,392 shares during the period. Bank of New Hampshire's holdings in ServiceNow were worth $1,120,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in ServiceNow by 1.1% in the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock worth $2,919,000 after purchasing an additional 30 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in ServiceNow in the fourth quarter worth $48,802,000. GHP Investment Advisors Inc. grew its stake in ServiceNow by 9.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 210 shares of the information technology services provider's stock worth $223,000 after purchasing an additional 18 shares during the period. Leo Wealth LLC grew its stake in ServiceNow by 7.8% in the fourth quarter. Leo Wealth LLC now owns 275 shares of the information technology services provider's stock worth $292,000 after purchasing an additional 20 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in ServiceNow in the fourth quarter worth $621,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Stock Up 1.3%

NOW stock opened at $1,030.70 on Friday. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The business's 50-day moving average is $919.44 and its two-hundred day moving average is $974.63. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $213.34 billion, a price-to-earnings ratio of 150.91, a P/E/G ratio of 4.51 and a beta of 0.95.

ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company earned $3.41 earnings per share. ServiceNow's revenue was up 18.6% on a year-over-year basis. As a group, analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NOW. Erste Group Bank raised ServiceNow from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Canaccord Genuity Group reduced their price target on ServiceNow from $1,275.00 to $900.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI boosted their target price on ServiceNow from $925.00 to $1,000.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen raised ServiceNow from a "hold" rating to a "buy" rating in a report on Sunday, June 1st. Finally, Robert W. Baird boosted their target price on ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and an average price target of $1,062.50.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 66 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the completion of the transaction, the insider now directly owns 3,000 shares in the company, valued at approximately $3,060,000. This represents a 28.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is owned by company 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.

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