Field & Main Bank Purchases 130 Shares of ServiceNow, Inc. (NYSE:NOW)

Field & Main Bank grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,918 shares of the information technology services provider’s stock after purchasing an additional 130 shares during the quarter. Field & Main Bank’s holdings in ServiceNow were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in ServiceNow by 9.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,561 shares of the information technology services provider’s stock valued at $13,027,000 after acquiring an additional 1,484 shares in the last quarter. Invst LLC purchased a new stake in shares of ServiceNow in the second quarter worth approximately $282,000. Regal Investment Advisors LLC boosted its position in shares of ServiceNow by 8.3% during the second quarter. Regal Investment Advisors LLC now owns 865 shares of the information technology services provider’s stock valued at $681,000 after buying an additional 66 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in ServiceNow by 9.2% during the second quarter. EP Wealth Advisors LLC now owns 2,206 shares of the information technology services provider’s stock worth $1,736,000 after buying an additional 186 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its position in ServiceNow by 6.9% in the 2nd quarter. Pathway Financial Advisers LLC now owns 639 shares of the information technology services provider’s stock worth $499,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of ServiceNow stock opened at $1,146.61 on Wednesday. ServiceNow, Inc. has a one year low of $637.99 and a one year high of $1,198.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $236.20 billion, a P/E ratio of 179.29, a P/E/G ratio of 5.11 and a beta of 0.99. The stock’s fifty day moving average is $1,082.77 and its 200 day moving average is $950.94.

Wall Street Analysts Forecast Growth

NOW has been the topic of several research analyst reports. Cantor Fitzgerald initiated coverage on ServiceNow in a research note on Friday, January 17th. They issued an “overweight” rating and a $1,332.00 price objective on the stock. Raymond James assumed coverage on ServiceNow in a report on Tuesday, December 24th. They issued an “outperform” rating and a $1,200.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of ServiceNow from $1,050.00 to $1,200.00 and gave the company a “buy” rating in a report on Friday, January 10th. Mizuho upped their price target on shares of ServiceNow from $1,070.00 to $1,210.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Royal Bank of Canada lifted their price objective on shares of ServiceNow from $1,045.00 to $1,210.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,116.14.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 66 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $1,048.29, for a total value of $69,187.14. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at $3,173,173.83. This trade represents a 2.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 300 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,047.95, for a total value of $314,385.00. Following the sale, the director now directly owns 10,467 shares in the company, valued at $10,968,892.65. This represents a 2.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,731 shares of company stock worth $21,016,751 over the last ninety days. Company insiders own 0.25% of the company’s stock.

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.