UMB Bank n.a. Sells 991 Shares of ServiceNow, Inc. (NYSE:NOW)

UMB Bank n.a. cut its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,174 shares of the information technology services provider's stock after selling 991 shares during the quarter. UMB Bank n.a.'s holdings in ServiceNow were worth $10,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in ServiceNow by 1.1% in the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock worth $2,919,000 after buying an additional 30 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of ServiceNow in the 4th quarter worth approximately $48,802,000. GHP Investment Advisors Inc. boosted its stake in shares of ServiceNow by 9.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 210 shares of the information technology services provider's stock valued at $223,000 after purchasing an additional 18 shares in the last quarter. Leo Wealth LLC grew its holdings in shares of ServiceNow by 7.8% during the 4th quarter. Leo Wealth LLC now owns 275 shares of the information technology services provider's stock valued at $292,000 after purchasing an additional 20 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in ServiceNow in the 4th quarter worth $621,000. Institutional investors own 87.18% of the company's stock.

ServiceNow Price Performance

NOW opened at $1,030.70 on Friday. The firm has a market cap of $213.34 billion, a PE ratio of 150.91, a P/E/G ratio of 4.51 and a beta of 0.95. The stock has a 50-day moving average price of $919.44 and a 200-day moving average price of $974.63. ServiceNow, Inc. has a 1 year low of $678.66 and a 1 year high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10.

ServiceNow (NYSE:NOW - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share (EPS) 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 firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. The business's revenue was up 18.6% on a year-over-year basis. Sell-side analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $1,020.00, for a total value of $1,194,420.00. Following the sale, the insider now owns 3,000 shares in the company, valued at approximately $3,060,000. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anita M. Sands sold 248 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $1,009.14, for a total transaction of $250,266.72. Following the sale, the director now owns 10,643 shares of the company's stock, valued at approximately $10,740,277.02. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,716 shares of company stock valued at $6,611,245. Corporate insiders own 0.38% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NOW. Redburn Atlantic assumed coverage on ServiceNow in a research note on Wednesday, February 19th. They set a "buy" rating on the stock. Royal Bank of Canada lifted their price target on ServiceNow from $1,060.00 to $1,100.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Scotiabank set a $1,100.00 price objective on ServiceNow and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Mizuho cut their target price on shares of ServiceNow from $1,210.00 to $1,100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Finally, William Blair reaffirmed an "outperform" rating on shares of ServiceNow in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ServiceNow presently has an average rating of "Moderate Buy" and a consensus target price of $1,062.50.

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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