Security National Trust Co. Has $151,000 Stock Position in ServiceNow Inc (NYSE:NOW)

Security National Trust Co. lifted its position in ServiceNow Inc (NYSE:NOW) by 175.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 550 shares of the information technology services provider’s stock after buying an additional 350 shares during the quarter. Security National Trust Co.’s holdings in ServiceNow were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of NOW. Nuveen Asset Management LLC lifted its stake in shares of ServiceNow by 6,404.4% in the second quarter. Nuveen Asset Management LLC now owns 3,408,996 shares of the information technology services provider’s stock worth $936,008,000 after buying an additional 3,356,585 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of ServiceNow by 47.8% in the second quarter. Jennison Associates LLC now owns 4,489,468 shares of the information technology services provider’s stock worth $1,232,673,000 after buying an additional 1,452,900 shares during the last quarter. GQG Partners LLC lifted its stake in shares of ServiceNow by 444.8% in the first quarter. GQG Partners LLC now owns 985,385 shares of the information technology services provider’s stock worth $242,370,000 after buying an additional 804,514 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ServiceNow by 4.2% in the second quarter. Vanguard Group Inc. now owns 11,185,853 shares of the information technology services provider’s stock worth $3,071,300,000 after buying an additional 446,564 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of ServiceNow in the second quarter worth $69,741,000. Institutional investors and hedge funds own 90.83% of the company’s stock.

A number of brokerages have recently weighed in on NOW. JMP Securities boosted their price objective on shares of ServiceNow to $325.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Credit Suisse Group boosted their price objective on shares of ServiceNow from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Needham & Company LLC boosted their price objective on shares of ServiceNow from $276.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. They noted that the move was a valuation call. Canaccord Genuity boosted their price objective on shares of ServiceNow from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, William Blair restated an “outperform” rating on shares of ServiceNow in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. ServiceNow currently has a consensus rating of “Buy” and an average price target of $292.34.



ServiceNow stock traded up $1.85 on Wednesday, hitting $259.35. The company’s stock had a trading volume of 129,458 shares, compared to its average volume of 1,528,968. The firm has a market cap of $48.28 billion, a P/E ratio of 1,296.98, a price-to-earnings-growth ratio of 23.06 and a beta of 1.34. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $261.35 and a 200-day moving average price of $264.64. ServiceNow Inc has a one year low of $147.63 and a one year high of $303.17.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 24th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The firm had revenue of $833.90 million for the quarter, compared to analyst estimates of $831.50 million. ServiceNow had a net margin of 0.09% and a return on equity of 4.29%. The business’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Analysts anticipate that ServiceNow Inc will post 0.42 EPS for the current year.

In other ServiceNow news, insider Chirantan Jitendra Desai sold 1,563 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $302.30, for a total value of $472,494.90. Following the sale, the insider now owns 32,824 shares of the company’s stock, valued at approximately $9,922,695.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic B. Luddy sold 22,000 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $291.33, for a total transaction of $6,409,260.00. Following the completion of the sale, the director now directly owns 2,983 shares in the company, valued at approximately $869,037.39. The disclosure for this sale can be found here. Insiders sold a total of 91,598 shares of company stock worth $24,749,747 in the last three months. Insiders own 1.00% of the company’s stock.

About ServiceNow

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers information technology (IT) service management applications, as well as digital workflow products for customer service, human resources, security operations, integrated risk management, and other enterprise departments.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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