ServiceNow, Inc. (NYSE:NOW) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co lessened its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 20.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 910 shares of the information technology services provider’s stock after selling 227 shares during the quarter. Heartland Bank & Trust Co’s holdings in ServiceNow were worth $716,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Creekmur Asset Management LLC acquired a new position in shares of ServiceNow during the 1st quarter valued at $25,000. Versant Capital Management Inc boosted its position in shares of ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock worth $27,000 after buying an additional 28 shares during the period. University of Texas Texas AM Investment Managment Co. acquired a new stake in shares of ServiceNow in the fourth quarter valued at about $29,000. EntryPoint Capital LLC grew its stake in shares of ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 39 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of ServiceNow during the 2nd quarter valued at about $32,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $825.00, for a total value of $1,485,000.00. Following the completion of the sale, the chief financial officer now owns 11,490 shares of the company’s stock, valued at $9,479,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Nicholas Tzitzon sold 1,857 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $829.68, for a total transaction of $1,540,715.76. Following the transaction, the insider now owns 3,649 shares in the company, valued at $3,027,502.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gina Mastantuono sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $825.00, for a total value of $1,485,000.00. Following the completion of the sale, the chief financial officer now owns 11,490 shares of the company’s stock, valued at $9,479,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,914 shares of company stock valued at $5,608,936. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NOW. Royal Bank of Canada increased their price objective on shares of ServiceNow from $850.00 to $880.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. JMP Securities raised their price target on shares of ServiceNow from $825.00 to $850.00 and gave the company a “market outperform” rating in a report on Thursday, July 25th. Citigroup lifted their price target on shares of ServiceNow from $909.00 to $911.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Truist Financial upped their price objective on shares of ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird raised their target price on ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, ServiceNow has a consensus rating of “Moderate Buy” and a consensus target price of $855.44.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $894.40 on Tuesday. The firm’s 50 day moving average is $840.35 and its two-hundred day moving average is $777.10. The firm has a market capitalization of $183.35 billion, a P/E ratio of 95.66, a PEG ratio of 5.55 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. ServiceNow, Inc. has a 52 week low of $527.24 and a 52 week high of $945.46.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, beating the consensus estimate of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The firm had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the firm earned $0.77 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. Analysts anticipate that ServiceNow, Inc. will post 6.78 earnings per share for the current 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.