Heartland Bank & Trust Co Decreases Stock Holdings in ServiceNow, Inc. (NYSE:NOW)

Heartland Bank & Trust Co lowered its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 872 shares of the information technology services provider’s stock after selling 38 shares during the quarter. Heartland Bank & Trust Co’s holdings in ServiceNow were worth $780,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sterling Investment Counsel LLC raised its holdings in ServiceNow by 5.6% during the 3rd quarter. Sterling Investment Counsel LLC now owns 1,603 shares of the information technology services provider’s stock valued at $1,434,000 after buying an additional 85 shares during the period. Greenleaf Trust raised its position in ServiceNow by 3.1% in the 3rd quarter. Greenleaf Trust now owns 3,700 shares of the information technology services provider’s stock worth $3,309,000 after purchasing an additional 110 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake in ServiceNow by 44.0% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 1,076 shares of the information technology services provider’s stock worth $963,000 after purchasing an additional 329 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of ServiceNow during the third quarter valued at approximately $214,000. Finally, Weaver Capital Management LLC lifted its stake in shares of ServiceNow by 54.0% during the 3rd quarter. Weaver Capital Management LLC now owns 1,491 shares of the information technology services provider’s stock worth $1,334,000 after acquiring an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Transactions at ServiceNow

In related news, insider Jacqueline P. Canney sold 94 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $825.92, for a total value of $77,636.48. Following the completion of the transaction, the insider now directly owns 4,019 shares in the company, valued at $3,319,372.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Jacqueline P. Canney sold 353 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $924.96, for a total transaction of $326,510.88. Following the completion of the transaction, the insider now directly owns 3,027 shares of the company’s stock, valued at $2,799,853.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 94 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $825.92, for a total value of $77,636.48. Following the transaction, the insider now owns 4,019 shares in the company, valued at $3,319,372.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,467 shares of company stock valued at $4,450,447 in the last 90 days. 0.25% of the stock is currently owned by company insiders.

ServiceNow Stock Down 1.1 %

NOW stock opened at $907.68 on Thursday. The company has a market capitalization of $186.07 billion, a P/E ratio of 97.08, a price-to-earnings-growth ratio of 5.63 and a beta of 0.99. ServiceNow, Inc. has a 12 month low of $527.24 and a 12 month high of $949.59. The firm’s fifty day simple moving average is $880.60 and its 200-day simple moving average is $795.09. 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 (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported $3.13 earnings per share 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 company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business earned $0.77 earnings per share. ServiceNow’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, equities research analysts forecast that ServiceNow, Inc. will post 6.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on ServiceNow from $780.00 to $820.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their price target on shares of ServiceNow from $885.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Citigroup upped their target price on ServiceNow from $915.00 to $1,068.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Morgan Stanley lowered shares of ServiceNow from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $900.00 to $960.00 in a research note on Monday. Finally, TD Cowen raised their target price on shares of ServiceNow from $900.00 to $1,000.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and a consensus target price of $927.62.

ServiceNow 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.