Trust Co. of Vermont Has $363,000 Stock Position in ServiceNow, Inc. (NYSE:NOW)

Trust Co. of Vermont raised its holdings in ServiceNow, Inc. (NYSE:NOW) by 64.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 462 shares of the information technology services provider’s stock after buying an additional 181 shares during the quarter. Trust Co. of Vermont’s holdings in ServiceNow were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOW. Norges Bank acquired a new stake in ServiceNow in the 4th quarter valued at approximately $1,648,259,000. Swedbank AB acquired a new stake in ServiceNow in the 1st quarter valued at approximately $897,908,000. Global Assets Advisory LLC acquired a new stake in ServiceNow in the 1st quarter valued at approximately $403,034,000. Cerity Partners LLC grew its holdings in shares of ServiceNow by 1,073.7% during the 4th quarter. Cerity Partners LLC now owns 406,262 shares of the information technology services provider’s stock worth $287,020,000 after purchasing an additional 371,648 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of ServiceNow by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 18,450,570 shares of the information technology services provider’s stock worth $14,066,715,000 after purchasing an additional 331,797 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul John Smith sold 125 shares of ServiceNow stock in a transaction on Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at $2,263,606.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other ServiceNow news, insider Paul John Smith sold 125 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total value of $90,922.50. Following the completion of the transaction, the insider now directly owns 3,112 shares of the company’s stock, valued at $2,263,606.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Russell S. Elmer sold 1,937 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $779.81, for a total value of $1,510,491.97. Following the completion of the transaction, the general counsel now directly owns 6,736 shares of the company’s stock, valued at $5,252,800.16. The disclosure for this sale can be found here. Insiders sold a total of 9,267 shares of company stock valued at $6,992,504 over the last three months. Company insiders own 0.25% of the company’s stock.

ServiceNow Trading Up 1.4 %

Shares of NOW stock traded up $11.22 on Tuesday, reaching $792.49. 1,545,509 shares of the stock were exchanged, compared to its average volume of 1,343,316. The stock has a market cap of $162.46 billion, a PE ratio of 84.76, a P/E/G ratio of 4.82 and a beta of 0.99. ServiceNow, Inc. has a one year low of $527.24 and a one year high of $850.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a 50 day moving average price of $748.83 and a 200 day moving average price of $754.44.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 24th. The information technology services provider reported $3.13 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.28. ServiceNow had a return on equity of 14.52% and a net margin of 11.51%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Equities research analysts forecast that ServiceNow, Inc. will post 6.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on NOW shares. Robert W. Baird lifted their price objective on ServiceNow from $885.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Needham & Company LLC reissued a “buy” rating and set a $900.00 price objective on shares of ServiceNow in a report on Thursday, July 25th. Wolfe Research reissued an “outperform” rating and set a $830.00 price objective on shares of ServiceNow in a report on Friday, May 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on ServiceNow from $875.00 to $900.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Truist Financial boosted their price target on ServiceNow from $750.00 to $780.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $842.22.

About ServiceNow

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.