ServiceNow, Inc. (NYSE:NOW) Shares Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. lifted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 132.0% during the fourth quarter, HoldingsChannel reports. The fund owned 849 shares of the information technology services provider’s stock after acquiring an additional 483 shares during the quarter. Wesbanco Bank Inc.’s holdings in ServiceNow were worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Marino Stram & Associates LLC raised its stake in shares of ServiceNow by 14.1% during the 4th quarter. Marino Stram & Associates LLC now owns 316 shares of the information technology services provider’s stock worth $335,000 after buying an additional 39 shares in the last quarter. Magnus Financial Group LLC raised its position in ServiceNow by 6.0% in the fourth quarter. Magnus Financial Group LLC now owns 513 shares of the information technology services provider’s stock worth $544,000 after acquiring an additional 29 shares in the last quarter. Advisory Alpha LLC lifted its holdings in ServiceNow by 7.3% in the fourth quarter. Advisory Alpha LLC now owns 250 shares of the information technology services provider’s stock valued at $265,000 after acquiring an additional 17 shares during the period. West Branch Capital LLC boosted its position in shares of ServiceNow by 286.1% during the 4th quarter. West Branch Capital LLC now owns 417 shares of the information technology services provider’s stock worth $442,000 after purchasing an additional 309 shares in the last quarter. Finally, Braun Bostich & Associates Inc. acquired a new position in ServiceNow during the fourth quarter worth about $216,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Stock Up 0.6 %

NYSE NOW opened at $1,132.30 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.16. ServiceNow, Inc. has a fifty-two week low of $637.99 and a fifty-two week high of $1,157.90. The business has a 50 day moving average price of $1,072.95 and a two-hundred day moving average price of $938.64. The stock has a market cap of $233.25 billion, a PE ratio of 176.10, a P/E/G ratio of 4.98 and a beta of 0.99.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.46 by $0.26. ServiceNow had a net margin of 12.77% and a return on equity of 16.03%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. As a group, sell-side analysts predict that ServiceNow, Inc. will post 7.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group increased their target price on ServiceNow from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, December 2nd. BMO Capital Markets lifted their price target on shares of ServiceNow from $860.00 to $1,025.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Needham & Company LLC upped their price objective on shares of ServiceNow from $1,075.00 to $1,150.00 and gave the company a “buy” rating in a research note on Monday, November 25th. StockNews.com raised shares of ServiceNow from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Mizuho increased their price target on ServiceNow from $1,070.00 to $1,210.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,093.34.

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 76 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the completion of the transaction, the insider now directly owns 3,027 shares in the company, valued at approximately $3,060,115.38. This represents a 2.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin Thomas Mcbride sold 100 shares of ServiceNow stock in a transaction on Friday, November 15th. The stock was sold at an average price of $1,023.97, for a total transaction of $102,397.00. Following the completion of the sale, the insider now owns 3,457 shares of the company’s stock, valued at approximately $3,539,864.29. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,731 shares of company stock valued at $21,016,751 in the last ninety days. Insiders own 0.25% of the company’s stock.

ServiceNow 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.