ServiceNow, Inc. (NYSE:NOW) Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. lifted its stake in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 14.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,689 shares of the information technology services provider’s stock after purchasing an additional 212 shares during the period. Fulton Bank N.A.’s holdings in ServiceNow were worth $1,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creekmur Asset Management LLC acquired a new position in ServiceNow in the first quarter valued at approximately $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 during the last quarter. EntryPoint Capital LLC lifted its stake in 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 during the last quarter. University of Texas Texas AM Investment Managment Co. purchased a new stake in ServiceNow in the fourth quarter valued at approximately $29,000. Finally, AdvisorNet Financial Inc lifted its stake in ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 32 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com cut ServiceNow from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Morgan Stanley boosted their price objective on ServiceNow from $814.00 to $830.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Wells Fargo & Company boosted their price objective on ServiceNow from $920.00 to $935.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets boosted their price objective on ServiceNow from $830.00 to $860.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird upped their price target on ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $842.22.

Read Our Latest Stock Analysis on ServiceNow

ServiceNow Trading Up 1.4 %

NYSE:NOW traded up $11.22 during mid-day trading on Tuesday, reaching $792.49. The company’s stock had a trading volume of 1,545,509 shares, compared to its average volume of 1,343,316. The company’s fifty day simple moving average is $748.83 and its two-hundred day simple moving average is $754.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. ServiceNow, Inc. has a twelve month low of $527.24 and a twelve month high of $850.33. The stock has a market cap of $162.46 billion, a P/E ratio of 84.76, a P/E/G ratio of 4.82 and a beta of 0.99.

ServiceNow (NYSE:NOWGet Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share (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 firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the company earned $0.77 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities analysts predict that ServiceNow, Inc. will post 6.84 EPS for the current year.

Insiders Place Their Bets

In other ServiceNow news, insider Christopher Bedi sold 215 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the sale, the insider now directly owns 15,892 shares of the company’s stock, valued at approximately $11,124,400. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, General Counsel Russell S. Elmer sold 1,937 shares of the firm’s stock in a transaction dated 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 transaction, the general counsel now directly owns 6,736 shares in the company, valued at approximately $5,252,800.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Bedi sold 215 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the transaction, the insider now owns 15,892 shares in the company, valued at $11,124,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,267 shares of company stock valued at $6,992,504. Insiders own 0.25% of the company’s stock.

ServiceNow Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOWFree Report).

Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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