Security National Bank Increases Stock Position in ServiceNow, Inc. (NYSE:NOW)

Security National Bank grew its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 20.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,316 shares of the information technology services provider's stock after buying an additional 912 shares during the quarter. Security National Bank's holdings in ServiceNow were worth $4,232,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC increased its position in ServiceNow by 8.7% during the 1st quarter. Perigon Wealth Management LLC now owns 5,248 shares of the information technology services provider's stock worth $4,178,000 after purchasing an additional 418 shares in the last quarter. Generate Investment Management Ltd acquired a new position in ServiceNow during the 1st quarter worth approximately $3,094,000. Alpine Bank Wealth Management acquired a new position in ServiceNow during the 1st quarter worth approximately $119,000. Financial Life Planners increased its position in ServiceNow by 10.0% during the 1st quarter. Financial Life Planners now owns 417 shares of the information technology services provider's stock worth $332,000 after purchasing an additional 38 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its position in ServiceNow by 76.6% during the 1st quarter. Golden State Wealth Management LLC now owns 1,035 shares of the information technology services provider's stock worth $824,000 after purchasing an additional 449 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada upped their price objective on shares of ServiceNow from $1,060.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Wells Fargo & Company upped their price objective on shares of ServiceNow from $1,100.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Needham & Company LLC reiterated a "buy" rating and set a $1,050.00 price objective on shares of ServiceNow in a research report on Tuesday, May 6th. Guggenheim boosted their target price on shares of ServiceNow from $716.00 to $724.00 and gave the stock a "sell" rating in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of ServiceNow from $1,200.00 to $970.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and an average price target of $1,065.32.

ServiceNow Stock Up 1.2%

Shares of ServiceNow stock traded up $12.12 during trading on Friday, reaching $1,023.56. 1,514,258 shares of the company traded hands, compared to its average volume of 1,486,132. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The company has a 50 day moving average price of $980.58 and a 200-day moving average price of $967.95. The firm has a market capitalization of $211.86 billion, a PE ratio of 139.07, a P/E/G ratio of 4.65 and a beta of 0.95.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. 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 previous year, the company earned $3.41 EPS. ServiceNow's quarterly revenue was up 18.6% compared to the same quarter last year. As a group, equities research analysts expect that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ServiceNow news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the transaction, the insider now owns 3,000 shares in the company, valued at approximately $3,060,000. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 2,050 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $1,012.01, for a total transaction of $2,074,620.50. Following the completion of the sale, the chief executive officer now owns 6,614 shares of the company's stock, valued at approximately $6,693,434.14. This represents a 23.66% 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 worth $6,611,245. Insiders own 0.38% of the company's stock.

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.