Shares of ServiceNow, Inc. (NYSE: NOW – Get Rating) got a consensus recommendation of “Buy” from thirty -four analysts currently covering the stock, MarketBeat reports. Two research analysts rated the stock with a sell rating, two assigned a hold rating and twenty-five gave a buy rating to the company. The average twelve -month price target among brokers who released a stock report last year was $ 686.73.
Some brokerages have recently released reports on NOW. Bank of America lowered their price target on ServiceNow from $ 725.00 to $ 680.00 and set a “buy” rating for the company in a research note on Thursday, January 27th. Jefferies Financial Group reduced their price target on ServiceNow from $ 765.00 to $ 700.00 and set a “buy” rating for the company in a research report on Thursday, January 27th. Citigroup raised their price target on ServiceNow from $ 657.00 to $ 675.00 and gave the company a “buy” rating in a research report on Thursday, January 27th. Piper Sandler upgraded ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 price target for the company in a research report on Thursday, January 27th. Finally, Canaccord Genuity Group reduced their price target on ServiceNow from $ 715.00 to $ 615.00 and set a “buy” rating for the company in a research report on Thursday, January 27th.
In other ServiceNow news, insider Lara Caimi sold 3,058 shares of the business’s stock in a transaction on Thursday, February 24th. The stock was sold at an average price of $ 575.00, for a total transaction of $ 1,758,350.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher Bedi sold 700 shares of the business’s stock in a transaction on Friday, January 28th. The stock was sold at an average price of $ 528.69, for a total value of $ 370,083.00. The disclosure for this sale can be found here. Insiders have sold 32,141 shares of the company’s stock worth $ 18,355,758 over the past three months. 0.35% of the stock is currently owned by corporate insiders.
Some large investors have recently bought and sold shares of the business. Raised by BlackRock Inc. its position in ServiceNow by 0.4% in the fourth quarter. BlackRock Inc. now owns 16,190,700 shares of the information technology services provider’s stock worth $ 10,509,544,000 after purchasing an additional 65,623 shares during the period. State Street Corp raised its position on ServiceNow by 3.2% in the fourth quarter. State Street Corp. now owns 7,870,165 shares of the information technology services provider’s stock worth $ 5,108,603,000 after purchasing an additional 241,296 shares during the period. Morgan Stanley raised its position on ServiceNow by 1.2% in the second quarter. Morgan Stanley now owns 7,277,395 shares of the information technology services provider’s stock worth $ 3,999,292,000 after buying an additional 86,441 shares during the period. Geode Capital Management LLC raised its position on ServiceNow by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 3,082,765 shares of the information technology services provider’s stock worth $ 1,995,048,000 after purchasing an additional 106,519 shares during the period. Finally, Nuveen Asset Management LLC raised its position in ServiceNow by 11.7% in the fourth quarter. Nuveen Asset Management LLC now owns 2,925,155 shares of the information technology services provider’s stock worth $ 1,898,748,000 after purchasing an additional 305,908 shares during the period. Institutional investors own 86.63% of the company’s stock.
NYSE: NOW shares traded down $ 18.74 during trading on Monday, reaching $ 507.33. The stock had a trading volume of 1,209,007 shares, compared to its average volume of 1,454,861. ServiceNow has a 12-month low of $ 448.27 and a 12-month high of $ 707.60. The stock has a market capitalization of $ 101.47 billion, a price-to-earnings ratio of 445.03, a price-to-earnings-growth ratio of 9.72 and a beta of 1.04. The company has a fast ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $ 556.71 and a two-hundred day simple moving average of $ 602.55.
ServiceNow (NYSE: NOW-Get Rating) last announced its quarterly earnings data on Wednesday, January 26th. The information technology service provider reported $ 0.29 earnings per share (EPS) for the quarter, ahead of the consensus estimate of $ 0.22 of $ 0.07. ServiceNow had a return on equity of 9.43% and a net margin of 3.90%. The company had revenue of $ 1.61 billion in the quarter, compared to analysts ’expectations of $ 1.60 billion. In the same period last year, the business posted $ 0.16 revenue per share. As a group, sell-side analysts predict that ServiceNow will post 1.86 revenue per share for the current year.
ServiceNow Company Profile (Get a Rating)
ServiceNow, Inc. provides enterprise cloud computing solutions that define, develop, integrate, manage, and automate services for businesses around the world. It runs the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools.
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