ServiceNow, Inc. (NYSE:NOW) Shares Bought by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC increased its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 31.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,440 shares of the information technology services provider's stock after buying an additional 348 shares during the quarter. Kesler Norman & Wride LLC's holdings in ServiceNow were worth $1,146,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Quarry LP acquired a new stake in ServiceNow during the 4th quarter valued at $27,000. Atala Financial Inc acquired a new stake in ServiceNow during the 4th quarter valued at approximately $28,000. WASHINGTON TRUST Co grew its stake in ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 31 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in ServiceNow during the 4th quarter worth approximately $32,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of ServiceNow in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 87.18% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on NOW. Sanford C. Bernstein reiterated an "outperform" rating and set a $1,003.00 price objective on shares of ServiceNow in a research note on Thursday, April 24th. Robert W. Baird increased their price target on shares of ServiceNow from $1,010.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Truist Financial raised ServiceNow from a "hold" rating to a "buy" rating and boosted their price objective for the company from $950.00 to $1,200.00 in a report on Thursday, May 1st. Evercore ISI increased 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. Finally, Wells Fargo & Company boosted their price target on ServiceNow from $1,100.00 to $1,150.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $1,068.23.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $968.29 on Friday. The stock has a market cap of $200.42 billion, a price-to-earnings ratio of 131.56, a PEG ratio of 4.66 and a beta of 0.94. 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 12 month low of $678.66 and a 12 month high of $1,198.09. The stock's 50 day moving average price is $1,008.88 and its 200 day moving average price is $961.75.

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

Insider Transactions at ServiceNow

In related news, CEO William R. Mcdermott sold 2,050 shares of the firm's stock in a transaction that occurred on 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 directly owned 6,614 shares in the company, valued at approximately $6,693,434.14. This trade represents a 23.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $1,194,420.00. Following the completion of the transaction, the insider directly owned 3,000 shares in the company, valued at $3,060,000. This represents a 28.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,955 shares of company stock valued at $6,862,195 in the last quarter. 0.38% of the stock is owned by company 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.

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