ServiceNow (NYSE: NOW – Get a Rating) the target price was lowered by research analysts at UBS Group to $ 570.00 in a research note released on Wednesday, the Stock Target Advisor reports. UBS Group’s price target would indicate a potential increase of 25.93% from the company’s previous closure.
A number of other research analysts also weighed in on the company. Barclays reduced their price target on ServiceNow from $ 652.00 to $ 613.00 in a report on Thursday, April 28th. Mizuho lowered their target price on ServiceNow from $ 650.00 to $ 550.00 and set a “buy” rating on the stock in a report on Wednesday. KeyCorp reduced their target price on ServiceNow from $ 692.00 to $ 613.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. StockNews.com assumed coverage on ServiceNow in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on ServiceNow from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. Two research analysts rated the stock with a sell rating, three assigned a hold rating and twenty-seven gave the company a buy rating. According to MarketBeat, the company currently has an average “Buy” rating and a consensus target price of $ 638.59.
NYSE: NOW shares traded $ 32.97 during trading on Wednesday, reaching $ 452.62. 106,671 shares of the company’s stock traded hands, compared to its average volume of 1,824,006. ServiceNow has a 52 week low of $ 406.47 and a 52 week high of $ 707.60. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The company has a market cap of $ 90.73 billion, a price-to-earnings ratio of 411.43, a price-to-earnings-growth ratio of 8.35 and a beta of 1.09. The company has a 50-day moving average price of $ 502.40 and a 200-day moving average price of $ 564.28.
ServiceNow (NYSE: NOW-Get Rating) last released its earnings results on Wednesday, April 27th. The information technology service provider reported $ 1.73 EPS for the quarter, beating the consensus estimate of $ 1.70 by $ 0.03. The company had revenue of $ 1.72 billion for the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. Business quarterly revenue rose 26.6% compared to the same quarter last year. In the same quarter last year, the business posted $ 0.50 EPS. On average, analysts predict that ServiceNow will post 1.8 revenue per share for the current financial year.
In other ServiceNow news, insider Paul John Smith sold 125 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $ 446.04, for a total value of $ 55,755.00. Following the completion of the transaction, the insider now owns 1,446 shares of the company’s stock, valued at approximately $ 644,973.84. The sale was disclosed in a legal filing with the SEC, available through the SEC website. Also, CFO Gina Mastantuono sold 193 shares of the company’s stock in a transaction dated Tuesday, April 12th. The stock was sold at an average price of $ 525.00, for a total value of $ 101,325.00. Following the completion of the transaction, the chief financial officer now directly owns 4,011 shares of the company’s stock, valued at approximately $ 2,105,775. The disclosure for this sale can be found here. Over the past 90 days, insiders have sold 18,428 shares of the company’s stock worth $ 10,195,278. 0.35% of the stock is owned by corporate insiders.
Hedge funds have recently changed their holdings of the company. Chilton Capital Management LLC acquired a new stake in shares of ServiceNow in the fourth quarter worth approximately $ 25,000. Eagle Bay Advisors LLC raised its stake in ServiceNow shares by 75.0% in the third quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after purchasing an additional 18 shares during the period. OLD Second National Bank of Aurora acquired a new stake in shares of ServiceNow in the first quarter worth approximately $ 28,000. High Net Worth Advisory Group LLC acquired a new stake in ServiceNow in the first quarter worth approximately $ 29,000. Finally, AHL Investment Management Inc. acquired a new stake in ServiceNow in the fourth quarter worth approximately $ 35,000. 87.20% of the stock is owned by institutional investors.
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.
See also
Want More Great Investment Ideas?
Receive News and Ratings for ServiceNow Daily -Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for ServiceNow and related companies with a FREE daily email newsletter of MarketBeat.com.
.