ServiceNow, Inc. (NYSE: NOW) was given an average “Buy” recommendation by thirty -two rating companies covering the stock, MarketBeat.com reports. A research analyst rated the stock with a hold rating and twenty-six gave the company a buy rating. The average 12 -month price target at brokers that released stock ratings last year was $ 694.07.
A number of equities analysts have recently weighed in on the company. Mizuho boosted their price target on ServiceNow from $ 615.00 to $ 650.00 and gave the stock a “buy” rating in a research note on Thursday, January 27th. KeyCorp raised their price target on ServiceNow from $ 718.00 to $ 765.00 and gave the company an “overweight” rating in a research note on Thursday, October 28th. Credit Suisse Group lowered their price target on ServiceNow from $ 850.00 to $ 800.00 and set an “outperform” rating on the stock in a research note on Thursday, January 27th. BMO Capital Markets raised their price target on ServiceNow from $ 600.00 to $ 635.00 and gave the company an “outperform” rating in a research note on Thursday, January 27th. Finally, Needham & Company LLC raised their price target on ServiceNow from $ 641.00 to $ 780.00 and gave the company a “buy” rating in a research note on Monday, November 1st.
NOW shares opened at $ 556.01 on Friday. ServiceNow has a 52 week low of $ 448.27 and a 52 week high of $ 707.60. The stock has a 50-day moving average price of $ 585.40 and a two-hundred-day moving average price of $ 624.61. The company has a market capitalization of $ 111.20 billion, a P/E ratio of 487.73, a P/E/G ratio of 10.36 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.05.
ServiceNow (NYSE: NOW) last announced its earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 revenue per share for the quarter, topping analysts ’consensus estimates 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 period last year, the company posted $ 0.16 EPS. On average, equities analysts predict that ServiceNow will post 1.93 earnings per share for the current year.
In other news, insider Christopher Bedi sold 158 shares of the business’s stock in a transaction that took place on Monday, February 14th. The stock was sold at an average price of $ 578.87, for a total transaction of $ 91,461.46. The transaction was disclosed in a legal filing with the SEC, available through the SEC website. Also, CFO Gina Mastantuono sold 738 shares of the business’s stock in a transaction that took place on Monday, January 10th. The shares were sold at an average price of $ 550.10, for a total value of $ 405,973.80. The disclosure for this sale can be found here. Insiders sold 32,392 shares of the company’s stock worth $ 18,756,532 in the last quarter. Corporate insiders own 0.35% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. The Public Sector Pension Investment Board increased its stake in ServiceNow by 7.9% in the third quarter. The Public Sector Pension Investment Board now owns 33,410 shares of the information technology services provider’s stock worth $ 20,790,000 after purchasing an additional 2,460 shares during the period. ING Groep NV grew its position on ServiceNow by 3.7% in the third quarter. ING Groep NV now owns 16,822 shares of the information technology services provider’s stock worth $ 10,468,000 after purchasing an additional 605 shares during the period. Metropolitan Life Insurance Co NY grew its position on ServiceNow by 97,629.4% in the second quarter. Metropolitan Life Insurance Co NY now owns 33,228 shares of the information technology services provider’s stock worth $ 18,260,000 after purchasing an additional 33,194 shares during the period. Zacks Investment Management grew its position on ServiceNow by 1,453.0% in the third quarter. Zacks Investment Management now owns 13,511 shares of the information technology services provider’s stock worth $ 8,408,000 after purchasing an additional 12,641 shares during the period. Finally, Kestra Private Wealth Services LLC strengthened its position in ServiceNow shares by 47.1% in the third quarter. Kestra Private Wealth Services LLC now owns 909 shares of the information technology services provider’s stock worth $ 566,000 after purchasing an additional 291 shares during the period. 86.14% of the stock is currently owned by hedge funds and other 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. .
Featured Stories
This instant news alert is generated with narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in ServiceNow today?
Before you consider ServiceNow, you’ll want to hear it.
MarketBeat tracks the highest rated and best performing Wall Street research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before catching up with the broader market … and ServiceNow is not on the list.
While ServiceNow currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See The 5 Stock Here
.