ServiceNow, Inc. (NYSE:NOW) Shares Bought by Citizens & Northern Corp

Citizens & Northern Corp lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 14.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,693 shares of the information technology services provider’s stock after acquiring an additional 211 shares during the period. Citizens & Northern Corp’s holdings in ServiceNow were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in shares of ServiceNow by 0.3% during the third quarter. Commonwealth Equity Services LLC now owns 52,343 shares of the information technology services provider’s stock valued at $46,815,000 after purchasing an additional 139 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in ServiceNow by 15.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 539 shares of the information technology services provider’s stock valued at $482,000 after buying an additional 71 shares during the period. OLD National Bancorp IN raised its position in shares of ServiceNow by 2.8% during the 3rd quarter. OLD National Bancorp IN now owns 597 shares of the information technology services provider’s stock worth $534,000 after buying an additional 16 shares in the last quarter. Vest Financial LLC lifted its stake in shares of ServiceNow by 205.8% in the 3rd quarter. Vest Financial LLC now owns 994 shares of the information technology services provider’s stock worth $889,000 after acquiring an additional 669 shares during the period. Finally, Calton & Associates Inc. bought a new position in shares of ServiceNow in the third quarter valued at approximately $30,520,000. 87.18% of the stock is owned by institutional investors.

Insider Activity at ServiceNow

In related news, insider Nicholas Tzitzon sold 313 shares of ServiceNow stock in a transaction on Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total value of $333,219.80. Following the completion of the sale, the insider now owns 3,649 shares of the company’s stock, valued at approximately $3,884,725.40. The trade was a 7.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anita M. Sands sold 2,229 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $1,064.60, for a total value of $2,372,993.40. Following the transaction, the director now owns 11,000 shares in the company, valued at approximately $11,710,600. This trade represents a 16.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,811 shares of company stock valued at $11,159,073. 0.25% of the stock is owned by corporate insiders.

ServiceNow Trading Down 0.4 %

Shares of NYSE:NOW opened at $985.67 on Tuesday. ServiceNow, Inc. has a 12-month low of $637.99 and a 12-month high of $1,198.09. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $203.05 billion, a P/E ratio of 144.31, a price-to-earnings-growth ratio of 4.76 and a beta of 0.99. The firm has a fifty day moving average of $1,070.53 and a two-hundred day moving average of $973.32.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 EPS for the quarter, meeting analysts’ consensus estimates of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%. On average, equities analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

ServiceNow announced that its board has authorized a stock buyback program on Wednesday, January 29th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the information technology services provider to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their price target on ServiceNow from $980.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Mizuho lifted their target price on ServiceNow from $1,070.00 to $1,210.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Piper Sandler upped their price target on shares of ServiceNow from $1,000.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, January 6th. StockNews.com cut shares of ServiceNow from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,210.00 price target on shares of ServiceNow in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and an average price target of $1,129.72.

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.