Service Today (NYSE: NOW) recently received some price target changes and rating updates:
- 7/18/2022 – ServiceNow lowered the price target of analysts at Barclays PLC from $ 613.00 to $ 560.00. They already have an “overweight” rating on the stock.
- 7/18/2022 – ServiceNow lowered the price target of analysts at UBS Group AG from $ 570.00 to $ 540.00. They already have a “buy” rating on the stock.
- 7/18/2022 – ServiceNow was lowered by analysts at Royal Bank of Canada from $ 670.00 to $ 610.00.
- 7/15/2022 – ServiceNow was lowered by analysts at BMO Capital Markets from $ 595.00 to $ 520.00.
- 7/14/2022 – ServiceNow lowered analysts ’price target at Morgan Stanley from $ 594.00 to $ 575.00. They already have an “overweight” rating on the stock.
- 5/25/2022 – ServiceNow lowered analysts ’Piper Sandler price target from $ 650.00 to $ 600.00. They already have an “overweight” rating on the stock.
- 5/25/2022 – ServiceNow was lowered by analysts at Mizuho from $ 650.00 to $ 550.00. They already have a “buy” rating on the stock.
- 5/25/2022 – ServiceNow lowered the price target of analysts at UBS Group AG to $ 570.00.
- 5/25/2022 – ServiceNow was lowered by analysts at Stifel Nicolaus from $ 650.00 to $ 550.00.
- 5/23/2022 – ServiceNow was downgraded by analysts at Jefferies Financial Group Inc. from $ 700.00 to $ 550.00.
ServiceNow Stock is down 2.0%
NYSE NOW shares opened at $ 426.74 on Tuesday. ServiceNow, Inc. has a 12-month low of $ 406.47 and a 12-month high of $ 707.60. The company has a market capitalization of $ 85.54 billion, a PE ratio of 387.95, a price-to-earnings-growth ratio of 8.90 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12. The company’s 50-day moving average is $ 461.25 and its two-hundred-day moving average is $ 513.76.
ServiceNow (NYSE: NOW-Get Rating) last announced its quarterly earnings results 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. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The company had revenue of $ 1.72 billion for the quarter, compared to the consensus estimate of $ 1.70 billion. In the same quarter last year, the company earned $ 0.50 revenue per share. The company’s revenue for the quarter rose 26.6% compared to the same quarter last year. Equities analysts expect ServiceNow, Inc. will post 1.71 EPS for the current financial year.
Internal Activity
In other news, insider Christopher Bedi sold 495 shares of the business’s stock in a transaction that took place on Friday, April 29th. The shares were sold at an average price of $ 489.18, for a total value of $ 242,144.10. Following the completion of the transaction, the insider now owns 12,977 shares of the company’s stock, valued at $ 6,348,088.86. The transaction was disclosed in a document filed with the SEC, accessible via this link. In related news, insider Christopher Bedi sold 495 shares of the company’s stock in a transaction that took place 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 transaction, the insider now owns 12,977 shares of the company’s stock, valued at $ 6,348,088.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible through the SEC website. Also, COO Chirantan Jitendra Desai sold 7,000 shares of the company’s stock in a transaction that took place on Friday, May 27th. The stock was sold at an average price of $ 477.52, for a total transaction of $ 3,342,640.00. Following the transaction, the chief operating officer now directly owns 38,980 shares of the company’s stock, valued at approximately $ 18,613,729.60. The disclosure for this sale can be found here. Insiders have sold a total of 17,577 shares of the company’s stock worth $ 8,503,327 over the past 90 days. Insiders own 0.28% of the company’s stock.
Institutional Investors Are Weighing In Service Today
Large investors have recently made changes to their business positions. Chilton Capital Management LLC bought a new position in shares of ServiceNow in the fourth quarter worth $ 25,000. OLD Second National Bank of Aurora bought a new position in shares of ServiceNow in the first quarter worth $ 28,000. High Net Worth Advisory Group LLC bought a new position in shares of ServiceNow in the first quarter worth $ 29,000. AHL Investment Management Inc. bought a new position in shares of ServiceNow in the fourth quarter worth $ 35,000. Finally, Lee Financial Co increased its stake in ServiceNow shares by 671.4% in the fourth quarter. Lee Financial Co. now owns 54 shares of the information technology services provider’s stock worth $ 35,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 87.20% of the company’s stock.
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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