ServiceNow (NYSE: NOW – Get Rating) will provide its quarterly earnings data after the market closes on Wednesday, July 27. Analysts expect the company to announce earnings of $ 1.53 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
ServiceNow (NYSE: NOW – Get Rating) last announced its earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 revenue per share for the quarter, beating analysts ’consensus estimates of $ 0.34 by $ 0.13. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The business had revenue of $ 1.72 billion in the quarter, compared to the agreed $ 1.70 billion. In the same quarter last year, the company earned $ 0.50 profit per share. Business revenue for the quarter rose 26.6% on a year-over-year basis. On average, analysts expect ServiceNow to post $ 2 EPS for the current fiscal year and $ 3 EPS for the next fiscal year.
ServiceNow Price Performance
NYSE NOW shares opened at $ 435.94 on Wednesday. ServiceNow has a fifty -two week low of $ 406.47 and a fifty -two week high of $ 707.60. The company has a 50-day simple moving average of $ 461.32 and a two-hundred-day simple moving average of $ 513.21. The company has a market capitalization of $ 87.39 billion, a price-to-earnings ratio of 396.31, a P/E/G ratio of 8.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 1.12.
Changes in Analyst Ratings
A number of brokerages are weighed in NOW. Cowen reduced their target price on ServiceNow shares from $ 725.00 to $ 695.00 in a research note on Thursday, April 28th. Mizuho reduced their target price on ServiceNow shares from $ 550.00 to $ 520.00 and set a “buy” rating for the company in a research note on Tuesday. BNP Paribas downgraded ServiceNow shares from a “neutral” rating to an “underperform” rating and set a $ 460.00 target price for the company. in a research note on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft cut their target price on ServiceNow shares from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. Finally, Oppenheimer cut their target price on ServiceNow shares from $ 660.00 to $ 600.00 in a report on Thursday, April 28th. Two analysts rated the stock with a sell rating, two gave a hold rating and twenty-seven assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and an average target price of $ 632.97.
ServiceNow Insider Transactions
In other news, Director Teresa Briggs sold 932 shares of ServiceNow stock in a transaction on Friday, April 29th. The shares were sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the transaction, the director now owns 707 shares in the company, valued at approximately $ 346,613.82. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this hyperlink. In other news, Director Teresa Briggs sold 932 shares of the company’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $ 490.26, for a total transaction of $ 456,922.32. Following the sale, the director now directly owns 707 shares in the company, valued at approximately $ 346,613.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul John Smith sold 125 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $ 446.04, for a total transaction of $ 55,755.00. Following the sale, the insider now owns 1,446 shares in the company, valued at $ 644,973.84. The disclosure for this sale can be found here. Insiders have sold 17,577 shares of the company’s stock worth $ 8,503,327 over the past 90 days. 0.28% of the stock is currently owned by insiders.
Institutional Service Trade Today
Several institutional investors and hedge funds have recently modified their holdings in the company. EP Wealth Advisors LLC raised its position in ServiceNow shares by 56.5% in the 1st quarter. EP Wealth Advisors LLC now owns 1,077 shares of the information technology services provider’s stock worth $ 600,000 after purchasing an additional 389 shares during the period. Golden State Wealth Management LLC increased its holdings in ServiceNow by 41.4% in the 1st quarter. Golden State Wealth Management LLC now owns 605 shares of the information technology services provider’s stock worth $ 337,000 after acquiring an additional 177 shares last quarter. Worldquant Millennium Advisors LLC increased its holdings in ServiceNow by 64.5% in the 1st quarter. Worldquant Millennium Advisors LLC now owns 26,486 shares of the information technology services provider’s stock worth $ 14,750,000 after acquiring an additional 10,383 shares last quarter. Wealthfront Advisers LLC increased its holdings in ServiceNow by 3.1% in the 1st quarter. Wealthfront Advisers LLC now owns 17,499 shares of the information technology services provider’s stock worth $ 9,746,000 after acquiring an additional 527 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC increased its holdings in ServiceNow by 112.9% in the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 35,332 shares of the information technology services provider’s stock worth $ 19,676,000 after acquiring an additional 18,734 shares in the last quarter. 87.20% of the stock is currently owned by institutional investors.
About ServiceNow
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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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