Bank Hapoalim BM Lowers Position in ServiceNow, Inc. (NYSE:NOW)

Bank Hapoalim BM reduced its holdings in shares of ServiceNow, Inc. (NYSE:NOWFree Report) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,427 shares of the information technology services provider’s stock after selling 1,020 shares during the quarter. Bank Hapoalim BM’s holdings in ServiceNow were worth $4,540,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wealth Management Partners LLC grew its position in ServiceNow by 2.7% in the 4th quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock valued at $375,000 after buying an additional 14 shares in the last quarter. Trust Co. of Vermont boosted its position in shares of ServiceNow by 8.6% during the 3rd quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 15 shares in the last quarter. Nemes Rush Group LLC boosted its position in shares of ServiceNow by 16.3% during the 3rd quarter. Nemes Rush Group LLC now owns 121 shares of the information technology services provider’s stock valued at $68,000 after purchasing an additional 17 shares in the last quarter. Mayflower Financial Advisors LLC boosted its position in shares of ServiceNow by 1.4% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 1,271 shares of the information technology services provider’s stock valued at $710,000 after purchasing an additional 18 shares in the last quarter. Finally, SWS Partners boosted its position in shares of ServiceNow by 0.5% during the 3rd quarter. SWS Partners now owns 3,521 shares of the information technology services provider’s stock valued at $1,968,000 after purchasing an additional 18 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total value of $3,787,992.40. Following the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Paul John Smith sold 5,159 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $745.32, for a total value of $3,845,105.88. Following the sale, the insider now owns 5,453 shares in the company, valued at $4,064,229.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the sale, the chief executive officer now owns 17,177 shares in the company, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. Insiders have sold a total of 13,164 shares of company stock valued at $9,940,303 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

ServiceNow Price Performance

Shares of NOW opened at $762.40 on Monday. The firm has a market cap of $156.29 billion, a PE ratio of 90.65, a PEG ratio of 4.86 and a beta of 0.97. The firm’s 50 day moving average price is $770.19 and its 200 day moving average price is $682.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. ServiceNow, Inc. has a twelve month low of $427.68 and a twelve month high of $815.32.

ServiceNow (NYSE:NOWGet Free Report) last released its quarterly earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, research analysts expect that ServiceNow, Inc. will post 6.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of ServiceNow from $800.00 to $910.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Argus raised their price objective on shares of ServiceNow from $675.00 to $770.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. Piper Sandler raised their target price on shares of ServiceNow from $750.00 to $830.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Robert W. Baird boosted their price target on shares of ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays raised their price objective on shares of ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $762.96.

Check Out Our Latest Research Report on ServiceNow

ServiceNow Company 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.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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