FineMark National Bank & Trust Sells 83 Shares of ServiceNow, Inc. (NYSE:NOW)

FineMark National Bank & Trust reduced its stake in ServiceNow, Inc. (NYSE:NOW) by 0.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,277 shares of the information technology services provider’s stock after selling 83 shares during the quarter. FineMark National Bank & Trust’s holdings in ServiceNow were worth $7,261,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NOW. AdvisorNet Financial Inc increased its stake in ServiceNow by 266.7% in the 4th quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock worth $31,000 after buying an additional 32 shares in the last quarter. Disciplined Equity Management Inc. purchased a new stake in ServiceNow in the 4th quarter worth $35,000. Sachetta LLC purchased a new stake in ServiceNow in the 4th quarter worth $35,000. Fortitude Family Office LLC purchased a new stake in ServiceNow in the 4th quarter worth $41,000. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in ServiceNow by 30.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock worth $42,000 after buying an additional 14 shares in the last quarter. 87.18% of the stock is owned by institutional investors.

Analyst Ratings Changes

NOW has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Mizuho raised their price objective on ServiceNow from $750.00 to $820.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. The Goldman Sachs Group raised their price objective on ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. William Blair reiterated an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 7th. Finally, Piper Sandler lifted their price target on ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $808.73.

ServiceNow Stock Down 1.3 %

NYSE:NOW traded down $10.32 during trading hours on Thursday, reaching $760.51. The company’s stock had a trading volume of 602,026 shares, compared to its average volume of 1,194,460. The company has a market capitalization of $155.90 billion, a P/E ratio of 82.22, a price-to-earnings-growth ratio of 4.87 and a beta of 0.98. ServiceNow, Inc. has a 12 month low of $494.13 and a 12 month high of $815.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day moving average price of $747.63 and a two-hundred day moving average price of $730.35.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 24th. The information technology services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.41. The company had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a net margin of 20.34% and a return on equity of 13.59%. Equities analysts predict that ServiceNow, Inc. will post 6.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other ServiceNow news, insider Paul John Smith sold 602 shares of ServiceNow stock in a transaction on Monday, May 20th. The shares were sold at an average price of $769.75, for a total value of $463,389.50. Following the transaction, the insider now directly owns 3,619 shares of the company’s stock, valued at $2,785,725.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 917 shares of company stock valued at $690,880. 0.25% of the stock is currently owned by insiders.

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.