First Bank & Trust Sells 33 Shares of ServiceNow, Inc. (NYSE:NOW)

First Bank & Trust reduced its stake in ServiceNow, Inc. (NYSE:NOW) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,616 shares of the information technology services provider’s stock after selling 33 shares during the period. ServiceNow makes up about 0.8% of First Bank & Trust’s holdings, making the stock its 24th largest holding. First Bank & Trust’s holdings in ServiceNow were worth $4,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Independence Bank of Kentucky boosted its holdings in ServiceNow by 27.2% in the 1st quarter. Independence Bank of Kentucky now owns 117 shares of the information technology services provider’s stock valued at $89,000 after purchasing an additional 25 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in ServiceNow by 45.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 2,389 shares of the information technology services provider’s stock worth $1,821,000 after acquiring an additional 743 shares during the last quarter. Chemung Canal Trust Co. boosted its position in shares of ServiceNow by 85.1% during the 1st quarter. Chemung Canal Trust Co. now owns 670 shares of the information technology services provider’s stock valued at $511,000 after acquiring an additional 308 shares during the last quarter. Vicus Capital bought a new stake in shares of ServiceNow during the 1st quarter valued at about $306,000. Finally, Fox Hill Wealth Management bought a new position in shares of ServiceNow in the first quarter worth approximately $505,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 353 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total value of $326,510.88. Following the transaction, the insider now owns 3,027 shares of the company’s stock, valued at approximately $2,799,853.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the transaction, the insider now directly owns 3,649 shares of the company’s stock, valued at $3,027,502.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline P. Canney sold 353 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the sale, the insider now owns 3,027 shares in the company, valued at approximately $2,799,853.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,467 shares of company stock valued at $4,450,447. Company insiders own 0.25% of the company’s stock.

Analyst Ratings Changes

NOW has been the subject of a number of research analyst reports. Mizuho lifted their price objective on shares of ServiceNow from $850.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. KeyCorp boosted their price objective on shares of ServiceNow from $1,020.00 to $1,040.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley cut ServiceNow from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $900.00 to $960.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on ServiceNow from $820.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, UBS Group raised their target price on shares of ServiceNow from $900.00 to $1,055.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $970.33.

ServiceNow Stock Performance

Shares of NYSE:NOW traded down $5.73 during midday trading on Friday, reaching $950.85. 1,494,753 shares of the company’s stock traded hands, compared to its average volume of 1,286,547. ServiceNow, Inc. has a one year low of $548.44 and a one year high of $979.78. The stock has a 50 day moving average of $885.56 and a 200 day moving average of $797.35. The company has a market cap of $195.88 billion, a price-to-earnings ratio of 171.94, a P/E/G ratio of 5.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.12.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. ServiceNow had a net margin of 11.51% and a return on equity of 14.52%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the firm posted $1.21 EPS. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. As a group, equities research analysts anticipate that ServiceNow, Inc. will post 7.41 EPS for the current fiscal year.

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.