Bank of Hawaii Has $1.41 Million Position in ServiceNow, Inc. (NYSE:NOW)

Bank of Hawaii increased its position in shares of ServiceNow, Inc. (NYSE:NOW) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,578 shares of the information technology services provider’s stock after buying an additional 41 shares during the quarter. Bank of Hawaii’s holdings in ServiceNow were worth $1,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC lifted its position in shares of ServiceNow by 3.5% in the third quarter. Fisher Asset Management LLC now owns 1,662,968 shares of the information technology services provider’s stock worth $1,487,343,000 after purchasing an additional 56,830 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in ServiceNow by 11.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,620,298 shares of the information technology services provider’s stock worth $1,449,178,000 after buying an additional 167,847 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of ServiceNow by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,529,430 shares of the information technology services provider’s stock worth $1,203,157,000 after buying an additional 34,855 shares during the last quarter. Swedbank AB grew its holdings in shares of ServiceNow by 10.3% in the 2nd quarter. Swedbank AB now owns 1,298,722 shares of the information technology services provider’s stock valued at $1,021,666,000 after acquiring an additional 120,983 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of ServiceNow by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,236,337 shares of the information technology services provider’s stock valued at $1,105,767,000 after acquiring an additional 31,702 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In related news, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total value of $12,242,408.57. Following the transaction, the chief executive officer now directly owns 2,595 shares of the company’s stock, valued at $2,588,953.65. This trade represents a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 66 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $1,048.29, for a total value of $69,187.14. Following the sale, the insider now owns 3,027 shares of the company’s stock, valued at $3,173,173.83. The trade was a 2.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,787 shares of company stock valued at $17,841,028 over the last quarter. 0.25% of the stock is owned by corporate insiders.

ServiceNow Stock Up 1.3 %

Shares of NOW opened at $1,060.60 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $218.48 billion, a PE ratio of 164.95, a P/E/G ratio of 6.09 and a beta of 0.98. The firm’s 50 day moving average is $948.53 and its 200-day moving average is $836.29. ServiceNow, Inc. has a 12 month low of $637.99 and a 12 month high of $1,064.59.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.26. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The company’s revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. Equities research analysts forecast that ServiceNow, Inc. will post 7.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Scotiabank started coverage on ServiceNow in a research report on Tuesday, November 19th. They set a “sector outperform” rating and a $1,230.00 price target for the company. JMP Securities increased their price objective on ServiceNow from $850.00 to $1,000.00 and gave the company a “market outperform” rating in a report on Thursday, October 17th. TD Cowen boosted their target price on shares of ServiceNow from $900.00 to $1,000.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein increased their price target on shares of ServiceNow from $906.00 to $913.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ServiceNow from $820.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $986.39.

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.