Cambridge Trust Co. Buys 520 Shares of ServiceNow, Inc. (NYSE:NOW)

Cambridge Trust Co. grew its stake in ServiceNow, Inc. (NYSE:NOW) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,992 shares of the information technology services provider’s stock after acquiring an additional 520 shares during the period. Cambridge Trust Co.’s holdings in ServiceNow were worth $24,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group raised its position in shares of ServiceNow by 30.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 14 shares during the period. Dock Street Asset Management Inc. raised its position in shares of ServiceNow by 1.6% in the fourth quarter. Dock Street Asset Management Inc. now owns 17,723 shares of the information technology services provider’s stock valued at $12,521,000 after purchasing an additional 279 shares during the period. Federated Hermes Inc. raised its position in shares of ServiceNow by 19.8% in the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock valued at $212,033,000 after purchasing an additional 49,631 shares during the period. Roman Butler Fullerton & Co. bought a new position in ServiceNow during the fourth quarter worth about $1,600,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in ServiceNow by 82.9% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 470 shares of the information technology services provider’s stock worth $332,000 after acquiring an additional 213 shares during the period. 87.18% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of ServiceNow from $885.00 to $900.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. UBS Group raised their price target on shares of ServiceNow from $885.00 to $920.00 and gave the stock a “buy” rating in a research report on Monday. Barclays raised their price target on shares of ServiceNow from $765.00 to $870.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada raised their price target on shares of ServiceNow from $840.00 to $850.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $820.00 price target on shares of ServiceNow in a research report on Wednesday, March 20th. Three analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $780.37.

ServiceNow Trading Down 0.8 %

NYSE:NOW traded down $6.12 during mid-day trading on Thursday, hitting $730.33. 454,207 shares of the company’s stock were exchanged, compared to its average volume of 1,166,635. The company has a 50 day simple moving average of $767.53 and a 200-day simple moving average of $700.42. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. ServiceNow, Inc. has a fifty-two week low of $427.68 and a fifty-two week high of $815.32. The firm has a market capitalization of $150.00 billion, a P/E ratio of 87.68, a PEG ratio of 4.71 and a beta of 0.97.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, topping the consensus estimate of $2.77 by $0.34. ServiceNow had a net margin of 19.30% and a return on equity of 11.85%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. As a group, research analysts expect that ServiceNow, Inc. will post 6.16 earnings per share for the current year.

Insiders Place Their Bets

In other ServiceNow news, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the transaction, the chief executive officer now owns 17,177 shares in the company, valued at approximately $12,935,655.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Paul John Smith sold 1,795 shares of ServiceNow stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total value of $1,402,002.70. Following the completion of the sale, the insider now owns 994 shares in the company, valued at approximately $776,373.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William R. Mcdermott sold 5,030 shares of ServiceNow stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the sale, the chief executive officer now owns 17,177 shares of the company’s stock, valued at approximately $12,935,655.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,164 shares of company stock worth $9,940,303. 0.25% of the stock is currently owned by insiders.

ServiceNow Company 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.