Quintet Private Bank Europe S.A. Acquires 413 Shares of ServiceNow, Inc. (NYSE:NOW)

Quintet Private Bank Europe S.A. increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,276 shares of the information technology services provider’s stock after purchasing an additional 413 shares during the quarter. ServiceNow accounts for 1.1% of Quintet Private Bank Europe S.A.’s holdings, making the stock its 29th biggest position. Quintet Private Bank Europe S.A.’s holdings in ServiceNow were worth $17,151,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in NOW. Fiera Capital Corp grew its stake in shares of ServiceNow by 1.4% during the 3rd quarter. Fiera Capital Corp now owns 2,983 shares of the information technology services provider’s stock worth $1,667,000 after acquiring an additional 41 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of ServiceNow by 1.9% in the third quarter. PNC Financial Services Group Inc. now owns 144,926 shares of the information technology services provider’s stock valued at $81,008,000 after buying an additional 2,714 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of ServiceNow by 164.4% in the third quarter. Johnson Investment Counsel Inc. now owns 6,629 shares of the information technology services provider’s stock valued at $3,705,000 after buying an additional 4,122 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of ServiceNow by 3.1% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 24,267 shares of the information technology services provider’s stock valued at $13,564,000 after buying an additional 738 shares in the last quarter. Finally, Keystone Investors PTE Ltd. bought a new position in shares of ServiceNow in the third quarter valued at $41,340,000. 87.18% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Paul John Smith sold 190 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $718.78, for a total value of $136,568.20. Following the transaction, the insider now owns 3,010 shares in the company, valued at $2,163,527.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ServiceNow news, insider Christopher Bedi sold 215 shares of ServiceNow 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 transaction, the insider now owns 15,892 shares in the company, valued at $11,124,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul John Smith sold 190 shares of ServiceNow stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $718.78, for a total value of $136,568.20. Following the completion of the transaction, the insider now owns 3,010 shares in the company, valued at approximately $2,163,527.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,530 shares of company stock worth $3,997,012. Company insiders own 0.25% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE NOW traded up $18.82 during mid-day trading on Friday, reaching $728.58. The company had a trading volume of 958,030 shares, compared to its average volume of 1,571,690. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. ServiceNow, Inc. has a one year low of $527.24 and a one year high of $815.32. The firm has a market cap of $149.36 billion, a price-to-earnings ratio of 77.92, a PEG ratio of 4.57 and a beta of 0.96. The business’s 50-day simple moving average is $727.71 and its 200 day simple moving average is $737.18.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results 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. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. The company had revenue of $2.60 billion for the quarter, compared to analysts’ expectations of $2.59 billion. On average, research analysts predict that ServiceNow, Inc. will post 6.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Guggenheim reissued a “neutral” rating on shares of ServiceNow in a research note on Monday, April 15th. Jefferies Financial Group raised their target price on shares of ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. KeyCorp decreased their target price on shares of ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. William Blair reissued an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 7th. Finally, BMO Capital Markets cut their price target on ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $814.48.

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.