NBT Bank N A NY Acquires 353 Shares of ServiceNow, Inc. (NYSE:NOW)

NBT Bank N A NY increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,442 shares of the information technology services provider's stock after acquiring an additional 353 shares during the quarter. NBT Bank N A NY's holdings in ServiceNow were worth $1,148,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP acquired a new stake in shares of ServiceNow in the fourth quarter valued at approximately $27,000. Atala Financial Inc bought a new position in ServiceNow during the 4th quarter worth $28,000. LFA Lugano Financial Advisors SA acquired a new position in ServiceNow in the 4th quarter valued at $32,000. Noble Wealth Management PBC bought a new stake in shares of ServiceNow during the 4th quarter valued at $34,000. Finally, FPC Investment Advisory Inc. lifted its position in shares of ServiceNow by 725.0% during the 4th quarter. FPC Investment Advisory Inc. now owns 33 shares of the information technology services provider's stock valued at $34,000 after acquiring an additional 29 shares during the period. Institutional investors and hedge funds own 87.18% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $1,300.00 price target on shares of ServiceNow in a research note on Tuesday, May 6th. Royal Bank Of Canada boosted their target price on shares of ServiceNow from $1,060.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $1,050.00 price objective on shares of ServiceNow in a research report on Tuesday, May 6th. Finally, Barclays set a $1,085.00 target price on ServiceNow in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,062.50.

Insider Activity

In other ServiceNow news, Director Anita M. Sands sold 248 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,009.14, for a total value of $250,266.72. Following the transaction, the director now directly owns 10,643 shares of the company's stock, valued at approximately $10,740,277.02. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William R. Mcdermott sold 2,050 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the sale, the chief executive officer now directly owns 6,614 shares of the company's stock, valued at approximately $6,693,434.14. This trade represents a 23.66% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,716 shares of company stock valued at $6,611,245. 0.38% of the stock is currently owned by insiders.

ServiceNow Trading Down 0.1%

NYSE NOW opened at $1,003.83 on Wednesday. The firm has a market capitalization of $207.77 billion, a PE ratio of 136.39, a price-to-earnings-growth ratio of 4.63 and a beta of 0.95. The business's 50-day moving average price is $953.73 and its two-hundred day moving average price is $972.40. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.15. 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 posted its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $3.78 by $0.26. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.09 billion. ServiceNow had a return on equity of 17.34% and a net margin of 13.41%. The firm's quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.41 earnings per share. On average, analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.

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