ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Thomasville National Bank

Thomasville National Bank boosted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,952 shares of the information technology services provider's stock after acquiring an additional 472 shares during the period. Thomasville National Bank's holdings in ServiceNow were worth $12,700,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position 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 valued at $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 valued at approximately $48,802,000. Stonebridge Financial Group LLC purchased a new stake in ServiceNow in the fourth quarter valued at approximately $37,000. Leavell Investment Management Inc. purchased a new stake in ServiceNow in the fourth quarter valued at approximately $246,000. Finally, Certuity LLC raised its position in ServiceNow by 13.0% in the fourth quarter. Certuity LLC now owns 668 shares of the information technology services provider's stock valued at $708,000 after purchasing an additional 77 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

ServiceNow Stock Performance

NYSE NOW traded up $16.61 during trading hours on Monday, hitting $1,005.27. The company had a trading volume of 1,229,665 shares, compared to its average volume of 1,482,389. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09. The company has a market cap of $208.07 billion, a PE ratio of 147.19, a price-to-earnings-growth ratio of 4.51 and a beta of 0.95. The business has a 50 day moving average of $950.17 and a 200-day moving average of $972.18.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.26. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm earned $3.41 earnings per share. The business'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 EPS for the current year.

Wall Street Analysts Forecast Growth

NOW has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $1,050.00 target price on shares of ServiceNow in a research report on Tuesday, May 6th. Wall Street Zen lowered ServiceNow from a "buy" rating to a "hold" rating in a research report on Monday, June 9th. BMO Capital Markets upped their price objective on ServiceNow from $1,025.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. UBS Group reaffirmed a "buy" rating and set a $1,025.00 price objective (up previously from $900.00) on shares of ServiceNow in a research report on Thursday, April 24th. Finally, Raymond James cut their price objective on ServiceNow from $1,200.00 to $1,000.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,062.50.

Insider Transactions at ServiceNow

In related news, General Counsel Russell S. Elmer sold 62 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $1,023.00, for a total value of $63,426.00. Following the completion of the sale, the general counsel now owns 4,332 shares in the company, valued at $4,431,636. This trade represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jacqueline P. Canney sold 354 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $804.61, for a total transaction of $284,831.94. Following the completion of the sale, the insider now owns 3,027 shares of the company's stock, valued at approximately $2,435,554.47. The trade was a 10.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,716 shares of company stock worth $6,611,245. Company insiders own 0.38% of the company's stock.

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.