Huntington National Bank Acquires 74 Shares of ServiceNow Inc (NOW)

Huntington National Bank lifted its holdings in ServiceNow Inc (NYSE:NOW) by 27.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 343 shares of the information technology services provider’s stock after buying an additional 74 shares during the quarter. Huntington National Bank’s holdings in ServiceNow were worth $85,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Berkshire Capital Holdings Inc. lifted its position in shares of ServiceNow by 889.5% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 41,460 shares of the information technology services provider’s stock worth $7,382,000 after buying an additional 37,270 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in ServiceNow by 17.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,134 shares of the information technology services provider’s stock valued at $3,941,000 after purchasing an additional 3,259 shares during the last quarter. Next Capital Management LLC bought a new stake in ServiceNow in the 4th quarter valued at about $32,000. Advisors Asset Management Inc. lifted its position in ServiceNow by 26.6% in the 4th quarter. Advisors Asset Management Inc. now owns 20,609 shares of the information technology services provider’s stock valued at $3,669,000 after purchasing an additional 4,325 shares during the last quarter. Finally, Roman Butler Fullerton & Co. bought a new stake in ServiceNow in the 4th quarter valued at about $518,000. Institutional investors own 97.32% of the company’s stock.

NOW has been the topic of several recent research reports. Atlantic Securities initiated coverage on shares of ServiceNow in a research report on Wednesday, January 9th. They issued a “neutral” rating and a $199.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $243.00 price objective (up from $224.00) on shares of ServiceNow in a research report on Thursday, January 31st. UBS Group reiterated a “buy” rating and issued a $230.00 price objective (up from $214.00) on shares of ServiceNow in a research report on Thursday, January 31st. Goldman Sachs Group reiterated a “buy” rating and issued a $260.00 price objective on shares of ServiceNow in a research report on Friday, February 1st. Finally, KeyCorp reiterated an “overweight” rating and issued a $250.00 price objective (up from $210.00) on shares of ServiceNow in a research report on Thursday, January 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. ServiceNow has a consensus rating of “Buy” and an average target price of $233.04.

Shares of NOW opened at $239.81 on Wednesday. The company has a market capitalization of $44.00 billion, a PE ratio of 1,199.05, a price-to-earnings-growth ratio of 24.98 and a beta of 1.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.16. ServiceNow Inc has a 12-month low of $147.63 and a 12-month high of $251.65.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 30th. The information technology services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.14. The company had revenue of $715.44 million for the quarter, compared to analysts’ expectations of $717.73 million. ServiceNow had a negative net margin of 1.02% and a positive return on equity of 3.95%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. As a group, research analysts forecast that ServiceNow Inc will post 0.35 EPS for the current fiscal year.

In other news, Director Anita M. Sands sold 1,304 shares of ServiceNow stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $235.00, for a total value of $306,440.00. Following the transaction, the director now directly owns 9,571 shares of the company’s stock, valued at $2,249,185. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Scarpelli sold 29,553 shares of ServiceNow stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $237.88, for a total transaction of $7,030,067.64. Following the completion of the transaction, the chief financial officer now directly owns 31,971 shares in the company, valued at $7,605,261.48. The disclosure for this sale can be found here. Insiders sold a total of 262,157 shares of company stock worth $58,617,658 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

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ServiceNow Company Profile

ServiceNow, Inc provides enterprise cloud computing solutions that define, structure, manage, and automate services for enterprises worldwide. The company offers service management solutions for customer service, human resources, security operations, and other enterprise departments. It operates ServiceNow platform that provides workflow automation, electronic service catalogs and portals, configuration management systems, data benchmarking, performance analytics, encryption, and collaboration and development tools.

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Institutional Ownership by Quarter for ServiceNow (NYSE:NOW)

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