ServiceNow, Inc. (NYSE: NOW – Get Rating) Director Frederic B. Luddy sold 707 shares of stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $ 501.92, for a total value of $ 354,857.44. The transaction was disclosed in a filing with the SEC, available through the SEC website.
Shares of ServiceNow stock traded down $ 13.20 on Thursday, reaching $ 492.22. The company’s 952,403 shares traded hands, compared to its average volume of 1,810,026. The stock’s 50-day average moving price is $ 481.48 and its 200-day average price is $ 549.72. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. ServiceNow, Inc. has a 52 -week low of $ 406.47 and a 52 -week high of $ 707.60. The company has a market cap of $ 98.67 billion, a PE ratio of 447.47, a PEG ratio of 10.27 and a beta of 1.09.
ServiceNow (NYSE: NOW – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 0.34 by $ 0.13. The company had revenue of $ 1.72 billion for the quarter, compared to analyst estimates of $ 1.70 billion. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. ServiceNow’s revenue rose 26.6% compared to the same quarter last year. In the same period last year, the company posted $ 0.50 profit per share. As a group, research analysts expect ServiceNow, Inc. will post 1.73 EPS for the current financial year.
NOW has been the subject of several recent research reports. Exane BNP Paribas cut ServiceNow from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 29th. Deutsche Bank Aktiengesellschaft reduced their target price on ServiceNow from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. Stifel Nicolaus reduced their target price on ServiceNow from $ 650.00 to $ 550.00 in a report on Wednesday, May 25th. Citigroup raised their price target on ServiceNow from $ 623.00 to $ 656.00 in a report on Thursday, April 28th. Finally, Wells Fargo & Company launched coverage on ServiceNow in a research note on Wednesday, May 18th. They released an “overweight” rating and a $ 600.00 target price for the company. Two analysts rated the stock with a sell rating, three assigned a hold rating and twenty-six gave a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $ 639.84.
Some hedge funds have recently changed their stock holdings. Cavalier Investments LLC grew its holdings in ServiceNow by 0.7% in the fourth quarter. Cavalier Investments LLC now owns 2,475 shares of the information technology services provider’s stock worth $ 1,607,000 after buying an additional 18 shares in the last quarter. SevenOneSeven Capital Management increased its holdings in ServiceNow by 3.0% in the fourth quarter. SevenOneSeven Capital Management now owns 621 shares of the information technology services provider’s stock worth $ 403,000 after buying an additional 18 shares last quarter. Means Investment CO. Inc. grew its holdings in ServiceNow by 0.6% in the fourth quarter. Means Investment CO. Inc. now owns 2,842 shares of the information technology services provider’s stock worth $ 1,845,000 after buying an additional 18 shares last quarter. Rehmann Capital Advisory Group increased its holdings in ServiceNow by 1.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,316 shares of the information technology services provider’s stock worth $ 854,000 after buying an additional 18 shares in the last quarter. Finally, Financial Architects Inc increased its holdings in ServiceNow by 5.9% in the first quarter. Financial Architects Inc. now owns 378 shares of the information technology services provider’s stock worth $ 211,000 after buying an additional 21 shares last quarter. 87.20% of the stock is currently 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.
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