ServiceNow, Inc. (NYSE:NOW) Shares Purchased by Washington Trust Bank

Washington Trust Bank boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,098 shares of the information technology services provider's stock after purchasing an additional 386 shares during the period. ServiceNow makes up about 1.9% of Washington Trust Bank's portfolio, making the stock its 14th biggest position. Washington Trust Bank's holdings in ServiceNow were worth $19,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of NOW. Quarry LP acquired a new stake in ServiceNow during the 4th quarter valued at approximately $27,000. Atala Financial Inc purchased a new stake in ServiceNow during the fourth quarter worth $28,000. WASHINGTON TRUST Co boosted its holdings in ServiceNow by 620.0% during the first quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider's stock worth $29,000 after buying an additional 31 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in ServiceNow during the fourth quarter worth $32,000. Finally, Heck Capital Advisors LLC purchased a new stake in ServiceNow during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NOW shares. Royal Bank Of Canada increased their price target on shares of ServiceNow from $1,060.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. DA Davidson initiated coverage on shares of ServiceNow in a research report on Wednesday, June 25th. They set a "buy" rating and a $1,150.00 price objective for the company. BMO Capital Markets increased their target price on shares of ServiceNow from $1,025.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Stifel Nicolaus increased their target price on shares of ServiceNow from $975.00 to $1,050.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, UBS Group reiterated a "buy" rating and issued a $1,025.00 target price (up from $900.00) on shares of ServiceNow in a research report on Thursday, April 24th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,068.23.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Deborah Black sold 598 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $940.23, for a total transaction of $562,257.54. Following the completion of the transaction, the director owned 428 shares in the company, valued at $402,418.44. The trade was a 58.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $1,020.00, for a total transaction of $1,194,420.00. Following the transaction, the insider owned 3,000 shares of the company's stock, valued at $3,060,000. This trade represents a 28.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,955 shares of company stock valued at $6,862,195. 0.38% of the stock is owned by corporate insiders.

ServiceNow Stock Down 1.0%

Shares of NOW stock traded down $10.59 during trading on Wednesday, reaching $1,012.39. The company's stock had a trading volume of 559,385 shares, compared to its average volume of 1,479,866. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $209.54 billion, a price-to-earnings ratio of 137.53, a P/E/G ratio of 4.75 and a beta of 0.94. The stock's 50-day moving average price is $1,007.49 and its 200 day moving average price is $962.22. ServiceNow, Inc. has a 1-year low of $678.66 and a 1-year high of $1,198.09.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The information technology services provider reported $4.04 earnings per share for the quarter, beating analysts' consensus estimates of $3.78 by $0.26. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.09 billion. ServiceNow had a net margin of 13.41% and a return on equity of 17.34%. The business's quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.41 earnings per share. On average, research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current year.

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.