Tompkins Financial Corp lessened its stake in ServiceNow Inc (NYSE:NOW) by 25.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 99 shares of the information technology services provider’s stock after selling 33 shares during the quarter. Tompkins Financial Corp’s holdings in ServiceNow were worth $40,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in ServiceNow by 31.2% during the first quarter. Capital Research Global Investors now owns 5,013,893 shares of the information technology services provider’s stock valued at $1,436,881,000 after purchasing an additional 1,190,890 shares during the period. Polen Capital Management LLC boosted its holdings in shares of ServiceNow by 61.1% in the 1st quarter. Polen Capital Management LLC now owns 3,125,270 shares of the information technology services provider’s stock valued at $895,640,000 after buying an additional 1,184,844 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in ServiceNow by 74.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,512,450 shares of the information technology services provider’s stock worth $433,439,000 after acquiring an additional 647,674 shares during the last quarter. Macquarie Group Ltd. boosted its stake in ServiceNow by 462.9% in the fourth quarter. Macquarie Group Ltd. now owns 378,637 shares of the information technology services provider’s stock valued at $106,897,000 after acquiring an additional 311,371 shares during the period. Finally, Ensign Peak Advisors Inc grew its holdings in shares of ServiceNow by 242.5% during the first quarter. Ensign Peak Advisors Inc now owns 410,738 shares of the information technology services provider’s stock valued at $117,710,000 after purchasing an additional 290,801 shares during the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Shares of ServiceNow stock opened at $439.20 on Friday. ServiceNow Inc has a 12-month low of $213.99 and a 12-month high of $454.70. The firm has a market capitalization of $82.27 billion, a PE ratio of 119.35, a price-to-earnings-growth ratio of 15.19 and a beta of 1.34. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.46. The stock’s fifty day moving average is $413.30 and its 200-day moving average is $348.33.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 29th. The information technology services provider reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $1.03. ServiceNow had a return on equity of 11.09% and a net margin of 18.42%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. Analysts expect that ServiceNow Inc will post 1.01 EPS for the current year.

Several equities research analysts have weighed in on the company. Citigroup increased their target price on ServiceNow from $365.00 to $388.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Bank of America lifted their price objective on shares of ServiceNow from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Morgan Stanley upped their target price on shares of ServiceNow from $336.00 to $467.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Zacks Investment Research cut ServiceNow from a “strong-buy” rating to a “hold” rating and set a $465.00 price target on the stock. in a report on Wednesday, July 1st. Finally, Canaccord Genuity boosted their price objective on ServiceNow from $375.00 to $475.00 and gave the stock a “buy” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $433.85.

In related news, Director Teresa Briggs sold 546 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $378.20, for a total transaction of $206,497.20. Following the transaction, the director now directly owns 999 shares of the company’s stock, valued at $377,821.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Russell S. Elmer sold 1,400 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $354.94, for a total value of $496,916.00. Following the completion of the sale, the general counsel now directly owns 5,982 shares of the company’s stock, valued at $2,123,251.08. The disclosure for this sale can be found here. Insiders have sold 125,794 shares of company stock worth $48,071,718 in the last 90 days. 1.00% of the stock is owned by company insiders.

ServiceNow Company Profile

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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