ServiceNow (NYSE:NOW – Get Rating) investment analysts at Mizuho cut their price objective from $550.00 to $520.00 in a report issued on Tuesday, The Fly reports. The firm currently has a “buy” rating on the information technology services provider’s stock. Mizuho’s price target would suggest a potential upside of 13.82% from the company’s current price.
A number of other analysts also recently issued reports on NOW. KeyCorp dropped their price target on shares of ServiceNow from $692.00 to $613.00 and set an “overweight” rating on the stock in a report on Monday, April 25th. Barclays dropped their price objective on shares of ServiceNow from $613.00 to $560.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group dropped their price objective on shares of ServiceNow from $570.00 to $540.00 and set a “buy” rating on the stock in a research note on Monday. Stifel Nicolaus dropped their price objective on shares of ServiceNow from $650.00 to $550.00 in a research note on Wednesday, May 25th. Finally, Citigroup upped their price objective on shares of ServiceNow from $623.00 to $656.00 in a research note on Thursday, April 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $633.39.
ServiceNow Stock Performance
Shares of NYSE NOW opened at $456.85 on Tuesday. The company’s 50-day moving average price is $462.05 and its 200-day moving average price is $512.82. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.37. The company has a market cap of $91.58 billion, a PE ratio of 415.32, a PEG ratio of 8.72 and a beta of 1.03. ServiceNow has a 52-week low of $406.47 and a 52-week high of $707.60.
ServiceNow (NYSE:NOW – Get Rating) last announced its quarterly earnings results on Wednesday, April 27th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.13. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. In the same quarter last year, the company posted $0.50 EPS. As a group, analysts expect that ServiceNow will post 1.71 EPS for the current year.
Internal Activity
In other news, insider Christopher Bedi sold 495 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $489.18, for a total transaction of $242,144.10. Following the completion of the sale, the insider now directly owns 12,977 shares of the company’s stock, valued at $6,348,088.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher Bedi sold 495 shares of the business’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $489.18, for a total transaction of $242,144.10. Following the completion of the sale, the insider now directly owns 12,977 shares of the company’s stock, valued at $6,348,088.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 932 shares of ServiceNow stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $490.26, for a total amount of $456,922.32. Following the completion of the sale, the director now owns 707 shares of the company’s stock, valued at $346,613.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,577 shares of company stock valued at $8,503,327. 0.28% of the stock is currently owned by company insiders.
Institutional Trading Services Today
Institutional investors and hedge funds have recently made changes to their positions in the company. Chilton Capital Management LLC bought a new position in ServiceNow in the fourth quarter valued at approximately $25,000. OLD Second National Bank of Aurora bought a new position in ServiceNow in the first quarter valued at approximately $28,000. High Net Worth Advisory Group LLC bought a new position in ServiceNow in the first quarter valued at approximately $29,000. AHL Investment Management Inc. purchased a new position in ServiceNow in the fourth quarter valued at about $35,000. Finally, Lee Financial Co lifted its holdings in ServiceNow by 671.4% in the fourth quarter. Lee Financial Co now owns 54 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 47 shares in the last quarter. 87.20% of the stock is currently owned by institutional investors.
ServiceNow Company Profile
(Get 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.
Featured Stories
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.
.