West Bancorporation Inc. Purchases 49 Shares of ServiceNow, Inc. $NOW

West Bancorporation Inc. boosted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 18.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 310 shares of the information technology services provider’s stock after purchasing an additional 49 shares during the period. West Bancorporation Inc.’s holdings in ServiceNow were worth $319,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NOW. Bogart Wealth LLC lifted its holdings in ServiceNow by 113.3% during the 1st quarter. Bogart Wealth LLC now owns 32 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 17 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in ServiceNow during the 1st quarter valued at about $26,000. WASHINGTON TRUST Co lifted its holdings in ServiceNow by 620.0% during the 1st quarter. WASHINGTON TRUST Co now owns 36 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 31 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in ServiceNow during the 2nd quarter valued at about $30,000. Finally, Dagco Inc. bought a new position in shares of ServiceNow in the first quarter worth about $33,000. 87.18% of the stock is owned by institutional investors.

ServiceNow Stock Down 3.2%

Shares of NYSE:NOW opened at $888.63 on Friday. ServiceNow, Inc. has a one year low of $678.66 and a one year high of $1,198.09. The company has a 50 day moving average of $909.21 and a 200-day moving average of $931.62. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $184.84 billion, a price-to-earnings ratio of 111.92, a P/E/G ratio of 4.13 and a beta of 0.92.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 EPS for the quarter, topping the consensus estimate of $3.57 by $0.52. ServiceNow had a net margin of 13.78% and a return on equity of 18.04%. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same quarter in the previous year, the company earned $3.13 EPS. ServiceNow’s revenue was up 22.4% on a year-over-year basis. On average, sell-side analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Guggenheim reaffirmed a “sell” rating and issued a $724.00 target price on shares of ServiceNow in a research note on Thursday, July 17th. Erste Group Bank reaffirmed a “hold” rating on shares of ServiceNow in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ServiceNow in a research note on Wednesday. Wall Street Zen downgraded shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Barclays set a $1,210.00 target price on shares of ServiceNow in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,122.20.

Insider Transactions at ServiceNow

In other ServiceNow news, CEO William R. Mcdermott sold 5,825 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $916.63, for a total value of $5,339,369.75. Following the sale, the chief executive officer directly owned 6,614 shares in the company, valued at approximately $6,062,590.82. This trade represents a 46.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anita M. Sands sold 1,097 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $915.11, for a total transaction of $1,003,875.67. Following the completion of the sale, the director owned 9,307 shares in the company, valued at approximately $8,516,928.77. This trade represents a 10.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,737 shares of company stock valued at $16,798,825. Corporate insiders own 0.38% 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.