Security National Bank Has $1.66 Million Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Security National Bank grew its position in ServiceNow, Inc. (NYSE:NOW) by 820.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,860 shares of the information technology services provider’s stock after buying an additional 1,658 shares during the period. Security National Bank’s holdings in ServiceNow were worth $1,664,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new position in shares of ServiceNow during the 1st quarter valued at about $25,000. Versant Capital Management Inc lifted its stake in ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 28 shares in the last quarter. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of ServiceNow in the fourth quarter valued at approximately $29,000. EntryPoint Capital LLC increased its position in shares of ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 39 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of ServiceNow during the second quarter worth $32,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $835.00 price target on shares of ServiceNow in a research note on Tuesday, July 23rd. KeyCorp reduced their price target on ServiceNow from $950.00 to $920.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Guggenheim reaffirmed a “sell” rating and set a $640.00 price target on shares of ServiceNow in a research note on Monday, July 8th. BMO Capital Markets increased their target price on shares of ServiceNow from $830.00 to $860.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus lifted their price target on shares of ServiceNow from $820.00 to $900.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $859.04.

Insider Buying and Selling at ServiceNow

In related news, insider Nicholas Tzitzon sold 1,857 shares of the 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 sale, the insider now owns 3,649 shares in the company, valued at approximately $3,027,502.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Nicholas Tzitzon sold 1,857 shares of ServiceNow stock in a transaction on Monday, August 26th. The stock was sold at an average price of $829.68, for a total value of $1,540,715.76. Following the transaction, the insider now owns 3,649 shares in the company, valued at approximately $3,027,502.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Russell S. Elmer sold 1,937 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $779.81, for a total value of $1,510,491.97. Following the sale, the general counsel now owns 6,736 shares of the company’s stock, valued at approximately $5,252,800.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,914 shares of company stock valued at $5,608,936 in the last ninety days. 0.25% of the stock is currently owned by company insiders.

ServiceNow Trading Down 1.3 %

Shares of NOW stock opened at $905.94 on Tuesday. The stock has a 50 day simple moving average of $848.43 and a 200 day simple moving average of $780.85. ServiceNow, Inc. has a 1 year low of $527.24 and a 1 year high of $945.46. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. The stock has a market cap of $185.72 billion, a P/E ratio of 96.89, a price-to-earnings-growth ratio of 5.55 and a beta of 0.99.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the business earned $0.77 earnings per share. ServiceNow’s revenue was up 22.2% on a year-over-year basis. On average, research analysts predict that ServiceNow, Inc. will post 6.78 earnings per share for the current fiscal year.

About ServiceNow

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.