First National Bank of Hutchinson Has $709,000 Holdings in ServiceNow, Inc. (NYSE:NOW)

First National Bank of Hutchinson cut its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 48.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 891 shares of the information technology services provider's stock after selling 849 shares during the quarter. First National Bank of Hutchinson's holdings in ServiceNow were worth $709,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Edgemoor Investment Advisors Inc. boosted its holdings in ServiceNow by 2.5% during the first quarter. Edgemoor Investment Advisors Inc. now owns 459 shares of the information technology services provider's stock worth $366,000 after buying an additional 11 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in ServiceNow by 2.1% in the 1st quarter. Capital Investment Advisory Services LLC now owns 577 shares of the information technology services provider's stock valued at $459,000 after purchasing an additional 12 shares in the last quarter. Kesler Norman & Wride LLC boosted its position in ServiceNow by 1.2% during the fourth quarter. Kesler Norman & Wride LLC now owns 1,092 shares of the information technology services provider's stock worth $1,157,000 after acquiring an additional 13 shares during the last quarter. Sepio Capital LP boosted its holdings in shares of ServiceNow by 3.8% during the fourth quarter. Sepio Capital LP now owns 359 shares of the information technology services provider's stock worth $381,000 after purchasing an additional 13 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. grew its holdings in ServiceNow by 0.5% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 2,392 shares of the information technology services provider's stock valued at $2,536,000 after buying an additional 13 shares during the period. Hedge funds and other institutional investors own 87.18% of the company's stock.

ServiceNow Stock Up 4.4%

Shares of ServiceNow stock traded up $41.69 during trading on Thursday, hitting $998.12. 4,060,791 shares of the stock traded hands, compared to its average volume of 1,286,154. The stock has a market cap of $206.59 billion, a P/E ratio of 125.71, a PEG ratio of 4.39 and a beta of 0.94. The company has a fifty day moving average price of $1,002.51 and a two-hundred day moving average price of $954.31. ServiceNow, Inc. has a twelve month low of $678.66 and a twelve month high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12.

ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, topping the consensus estimate of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.62%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.12 billion. During the same period in the prior year, the business posted $3.13 earnings per share. The business's quarterly revenue was up 22.4% on a year-over-year basis. Equities research analysts predict that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NOW shares. Raymond James Financial increased their target price on ServiceNow from $1,000.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Thursday. Mizuho boosted their target price on shares of ServiceNow from $1,050.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Thursday, June 12th. DA Davidson raised their price objective on ServiceNow from $1,150.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating on shares of ServiceNow in a report on Thursday, April 24th. Finally, FBN Securities raised ServiceNow to a "strong-buy" rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,107.94.

Insider Activity at ServiceNow

In related news, insider Jacqueline P. Canney sold 145 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total transaction of $147,900.00. Following the completion of the transaction, the insider owned 3,027 shares of the company's stock, valued at approximately $3,087,540. The trade was a 4.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Russell S. Elmer sold 62 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total transaction of $63,426.00. Following the transaction, the general counsel owned 4,332 shares of the company's stock, valued at approximately $4,431,636. The trade was a 1.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,601 shares of company stock valued at $6,577,363. 0.38% of the stock is owned by corporate insiders.

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.