ServiceNow, Inc. (NYSE: NOW) – KeyCorp released their estimates of Q1 2023 earnings per share for ServiceNow in a research report released on Thursday, January 27th. KeyCorp analyst M. Turits expects the information technology service provider to post earnings per share of $ 0.70 for the quarter. KeyCorp has an “Overweight” rating and a $ 765.00 stock price target. KeyCorp also released estimates for ServiceNow revenues in Q2 2023 at $ 0.56 EPS, revenues in Q3 2023 at $ 0.93 EPS and revenues in Q4 2023 at $ 0.91 EPS.
Several other equities research analysts have also released reports on the company. Argus raised their target price on ServiceNow from $ 760.00 to $ 805.00 and gave the company a “buy” rating in a report on Tuesday, November 2nd. Piper Sandler upgraded ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 target price for the company in a report on Thursday. Credit Suisse Group reduced their price target on ServiceNow from $ 850.00 to $ 800.00 and set an “outperform” rating for the company in a report on Thursday. Canaccord Genuity Group lowered their price target on ServiceNow from $ 715.00 to $ 615.00 in a research report on Thursday. Finally, Oppenheimer lowered their target price on ServiceNow from $ 775.00 to $ 660.00 and set an “outperform” rating on the stock in a research report on Thursday. Two research analysts rated the stock with a hold rating and twenty-eight gave the stock a buy rating. According to MarketBeat.com, the company currently has an average “Buy” rating and a consensus target price of $ 694.07.
NYSE: NOW opened at $ 561.08 on Monday. The company has a debt-to-equity ratio of 0.42, current ratio of 1.13 and quick ratio of 1.13. ServiceNow has a fifty -two -week low of $ 448.27 and a fifty -two -week high of $ 707.60. The stock’s 50-day moving average is $ 603.09 and its two-hundred-day moving average is $ 624.15. The stock has a market cap of $ 111.65 billion, a PE ratio of 514.75, a price-to-earnings-growth ratio of 9.60 and a beta of 1.01. ServiceNow (NYSE: NOW) last released its quarterly earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 revenue per share for the quarter, ahead of Zacks ’consensus estimate of $ 1.43 of $ 0.03. ServiceNow had a return on equity of 9.31% and a net margin of 3.99%. In the same period last year, the company posted $ 0.16 EPS.
Large investors have recently increased or decreased their stakes in the business. Heritage Investors Management Corp. bought a new stake in shares of ServiceNow in the fourth quarter worth approximately $ 1,096,000. Moloney Securities Asset Management LLC bought a new position in shares of ServiceNow in the fourth quarter worth approximately $ 1,120,000. RPG Investment Advisory LLC increased its holdings in shares of ServiceNow by 0.3% in the fourth quarter. RPG Investment Advisory LLC now owns 10,418 shares of the information technology services provider’s stock worth $ 6,762,000 after buying an additional 35 shares in the last quarter. Expanded by Avantax Planning Partners Inc. its holdings in ServiceNow shares of 2.5% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,029 shares of the information technology services provider’s stock worth $ 668,000 after buying an additional 25 shares in the last quarter. Finally, Congress Asset Management Co. MA held its shares in ServiceNow by 5.3% in the fourth quarter. Congress Asset Management Co. MA now owns 2,870 shares of the information technology services provider’s stock worth $ 1,863,000 after buying an additional 145 shares in the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.
In other ServiceNow news, Director Frederic B. Luddy sold 1,355 shares of stock in a transaction dated Tuesday, Dec. 7th. The stock was sold at an average price of $ 657.40, for a total value of $ 890,777.00. The transaction was disclosed in a document filed with the SEC, available at this hyperlink. Also, Director Dennis Woodside bought 2,861 shares of business stock in a transaction on Monday, November 8th. The stock was purchased at an average value of $ 694.58 per share, for a total transaction of $ 1,987,193.38. The disclosure for this purchase can be found here. Insiders have sold 19,655 shares of the company’s stock worth $ 11,696,731 over the past ninety days. 0.35% of the stock is currently owned by insiders.
ServiceNow Company Profile
ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. The company delivers digital workflows on an enterprise cloud platform called Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products. .
See also: Preferred Stock
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