ServiceNow Inc (NYSE:NOW) director Frederic B. Luddy sold 28,600 ServiceNow shares in trading on Thursday, October 15. The average price of the stock is US$515.38 and the total trading volume is US$14,739,868.00. After the transaction, the directors now directly own 811 shares of the company’s stock, valued at US$417,973.18. The transaction has been disclosed in the legal documents of the US Securities and Exchange Commission and can be accessed through the SEC website.
In trading at noon on Monday, NOW’s stock price fell by $2.92 to $521.95. The company has a total of 891,751 shares traded, while the average trading volume is 1,969,729 shares. ServiceNow Inc’s 1-year low is $213.99, and its 1-year high is $533.37. The company’s quick ratio is 1.17, current ratio is 1.17, and debt-to-equity ratio is 0.28. The company’s market capitalization is US$100.67 billion, a P/E ratio of 144.10, a P/E ratio of 17.81, and a beta of 1.27. The 50-day moving average of this business is US$477.78 and the 200-day moving average is US$405.20.
ServiceNow (NYSE:NOW) recently released quarterly earnings data on Wednesday, July 29. The information technology service provider reported earnings per share (EPS) of $1.23 for the quarter, which was $1.03 higher than Thomson Reuters’ consensus estimate of $0.20. The company’s revenue this quarter was 1.07 billion U.S. dollars, while the market generally expected it to be 1.05 billion U.S. dollars. ServiceNow’s net profit margin was 18.42%, and the return on net assets was 11.09%. The company’s revenue for the quarter increased by 28.4% over the same period last year. In the same quarter of the same period last year, the company reported earnings per share of $0.71. As a whole, research analysts expect ServiceNow Inc to release 0.99 EPS in the current fiscal year.
Many hedge funds and other institutional investors have recently revised their stock holdings. Dowling & Yahnke LLC increased its position in ServiceNow by 86.3% in the third quarter. Dowling & Yahnke LLC now owns 1,910 shares of an information technology service provider with a total value of US$926,000. The company purchased another 885 shares in the previous quarter. YorkBridge Wealth Partners LLC increased its position in ServiceNow by 6.6% in the third quarter. YorkBridge Wealth Partners LLC now owns 6,844 shares of the information technology service provider, valued at $3,319,000. The company purchased an additional 426 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in ServiceNow by 20.8% in the third quarter. Vestmark Advisory Solutions Inc. now owns 2,674 shares of the information technology service provider worth $1,297,000. The company purchased 461 shares in the last quarter. The Louisiana Employee Retirement System increased its position in ServiceNow by 18.3% in the third quarter. The Louisiana Employees Retirement System now owns 9,700 shares of information technology service providers worth $4,705,000, and purchased another 1,500 shares in the previous quarter. Finally, the wealth advisory firm increased its position in ServiceNow by 8.7% in the third quarter. Wealth Advisors Inc. now owns 1,254 shares of the information technology service provider with a total value of $623,000 and purchased another 100 shares in the previous quarter. Hedge funds and other institutional investors own 90.05% of the company’s shares.
Many analysts have recently released reports on the stock. Stifel Nicolaus raised the target price of ServiceNow stock from US$460.00 to US$500.00 and rated the company as “Buy” in a research report on Friday, September 25. Needham & Company LLC raised the target price of ServiceNow from US$440.00 to US$481.00 in its research report on Monday, July 27, and gave the company a “Buy” rating. Morgan Stanley raised its target price for ServiceNow stock from $336.00 to $467.00, and rated the company’s stock as “equal weight” in its research report on Wednesday, July 22. BMO Capital Markets raised the target price of ServiceNow stock from US$475.00 to US$562.00 and rated the company as “outperform” in a research report on Thursday. In the end, Jefferies Financial Group raised the target price of ServiceNow stock from $465.00 to $515.00 and rated the company as “Buy” in a research report on Thursday, July 30. Seven investment analysts gave the stock a hold rating, 22 gave a buy rating, and one gave a strong buy rating. The stock’s current average rating is “Buy” and the average target price is $465.42.
ServiceNow company profile
ServiceNow, Inc provides enterprise cloud computing solutions that define, organize, manage and automate services for global enterprises. The company provides information technology (IT) service management applications and digital workflow products for customer service, human resources, security operations, integrated risk management, and other corporate departments.
See also: bonds
This instant news alert is generated by narrative science and technology and MarketBeat’s financial data, and aims to provide readers with the fastest and most accurate reports. Before publishing, this story has been reviewed by MarketBeat’s editorial team.Please send any questions or comments about this story to [email protected]
7 gold stocks to buy before the Fed changes its mind
Just when investors believed that the price of gold could not go higher, the Fed added fuel to the fire. The Federal Reserve stated on July 29 that there were not enough signs of economic recovery to change its current policy. This not only means that interest rates will remain at zero or not, but it also means that the Fed may also take other actions. Fed Chairman Jerome Powell (Jerome Powell) said in a speech after the Fed meeting that the Fed “has not even considered raising interest rates.” Although the new coronavirus is definitely a factor, it is not the only factor. The Fed is paying close attention to the collateral damage caused by the lock-in measures in March and April. More than 14 million Americans were unemployed in February. And many of these jobs will not come back.
This creates the perfect solution for gold and gold stocks. The price of gold has soared by more than 25% in 2020. At the time of writing, its price is $1,953 per ounce. Of course, once the price of gold starts to approach $2,000, it ends the call for a rebound.
Are they right again? Maybe, but I doubt it. In uncertain times, gold will always climb. Today is more correct than ever. There are still months before the presidential election. We are learning how to live with a new virus without a vaccine. Our social unrest has turned into riots in many major cities.
With this in mind, you can buy the 7 best gold stocks immediately.
Check out “7 gold stocks to buy before the Fed changes its mind.”
.
#Frederic #Luddy #sells #shares #ServiceNow #NYSENOW
More from Source