Whittier Trust Co. of Nevada Inc. Purchases 7,393 Shares of ServiceNow, Inc. (NYSE:NOW)

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 23.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,375 shares of the information technology services provider's stock after acquiring an additional 7,393 shares during the quarter. ServiceNow accounts for about 0.8% of Whittier Trust Co. of Nevada Inc.'s investment portfolio, making the stock its 23rd largest holding. Whittier Trust Co. of Nevada Inc.'s holdings in ServiceNow were worth $31,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NOW. Quarry LP purchased a new stake in ServiceNow in the 4th quarter worth approximately $27,000. Bogart Wealth LLC lifted its holdings in ServiceNow by 113.3% in the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider's stock worth $25,000 after buying an additional 17 shares during the period. Graybill Wealth Management LTD. purchased a new stake in ServiceNow in the 1st quarter worth approximately $26,000. Heck Capital Advisors LLC purchased a new stake in ServiceNow in the 4th quarter worth approximately $37,000. Finally, Cassady Schiller Wealth Management LLC lifted its holdings in ServiceNow by 44.0% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 36 shares of the information technology services provider's stock worth $38,000 after buying an additional 11 shares during the period. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Stock Performance

NYSE:NOW opened at $961.88 on Tuesday. The firm has a market capitalization of $199.09 billion, a PE ratio of 130.69, a P/E/G ratio of 4.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a 50-day simple moving average of $1,007.75 and a two-hundred day simple moving average of $957.77. ServiceNow, Inc. has a 52-week low of $678.66 and a 52-week high of $1,198.09.

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

Insider Transactions at ServiceNow

In related news, Vice Chairman Nicholas Tzitzon sold 1,171 shares of the 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 completion of the transaction, the insider directly owned 3,000 shares of the company's stock, valued at approximately $3,060,000. This represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deborah Black sold 598 shares of the company'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 value of $562,257.54. Following the sale, the director owned 428 shares in the company, valued at approximately $402,418.44. This trade represents a 58.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Sanford C. Bernstein restated an "outperform" rating and issued a $1,003.00 target price on shares of ServiceNow in a research note on Thursday, April 24th. DA Davidson began coverage on ServiceNow in a research note on Wednesday, June 25th. They issued a "buy" rating and a $1,150.00 target price for the company. UBS Group restated a "buy" rating and issued a $1,025.00 target price (up previously from $900.00) on shares of ServiceNow in a research note on Thursday, April 24th. Erste Group Bank upgraded ServiceNow from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada raised their target price on ServiceNow from $1,060.00 to $1,100.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,068.23.

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.

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