ServiceNow, Inc. (NYSE: NOW) General Counsel Russell S. Elmer sold 2,092 shares of stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $ 577.99, for a total value of $ 1,209,155.08. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
NYSE NOW shares opened at $ 613.97 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. The company has a market cap of $ 122.18 billion, a price-to-earnings ratio of 538.57, a PEG ratio of 10.36 and a beta of 1.01. ServiceNow, Inc. has a 12 -month low of $ 448.27 and a 12 -month high of $ 707.60. The stock has a 50-day moving average price of $ 593.26 and a two-hundred-day moving average price of $ 624.71.
ServiceNow (NYSE: NOW) last released its earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 EPS for the quarter, ahead of Thomson Reuters ’consensus estimate of $ 1.43 of $ 0.03. ServiceNow had a return on equity of 9.43% and a net margin of 3.90%. In the same quarter last year, the business earned $ 0.16 revenue per share. On average, sell-side analysts predict that ServiceNow, Inc. will post 1.93 earnings per share for the current year.
Several research companies have recently weighed in on NOW. BMO Capital Markets raised their price target on ServiceNow from $ 600.00 to $ 635.00 and gave the stock an “outperform” rating in a research report on Thursday, January 27th. Royal Bank of Canada reduced their price target on ServiceNow from $ 785.00 to $ 700.00 in a research report on Monday, January 24th. 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. Robert W. Baird reduced their price target on ServiceNow from $ 650.00 to $ 600.00 in a research report on Thursday, January 27th. Finally, Bank of America reduced its 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. Two analysts rated the stock with a hold rating and twenty-eight assigned a buy rating to the company. According to data from MarketBeat, ServiceNow currently has an average “Buy” rating and a consensus target price of $ 694.07.
Several institutional investors have recently increased or decreased their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position on ServiceNow by 13.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp. now owns 36,300 shares of the information technology services provider’s stock worth $ 19,949,000 after purchasing an additional 4,284 shares during the period. Liberty Wealth Management LLC raised its holdings in ServiceNow by 289,326.7% in the second quarter. Liberty Wealth Management LLC now owns 43,414 shares of the information technology services provider’s stock worth $ 79,000 after purchasing an additional 43,399 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in ServiceNow by 17.7% in the second quarter. Moneta Group Investment Advisors LLC now owns 772 shares of the information technology services provider’s stock worth $ 424,000 after purchasing an additional 116 shares during the period. LPL Financial LLC lifted its holdings in ServiceNow by 13.5% in the second quarter. LPL Financial LLC now owns 127,265 shares of the information technology services provider’s stock worth $ 69,938,000 after purchasing an additional 15,116 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in ServiceNow by 12.7% in the second quarter. Clearbridge Investments LLC now owns 168,093 shares of the information technology services provider’s stock worth $ 92,376,000 after purchasing an additional 18,977 shares during the period. 86.14% of the stock is owned by institutional investors.
ServiceNow Company Profile
ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. The company delivers digital workflows on an enterprise cloud platform called Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products. .
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