Shares of ServiceNow, Inc. (NYSE: NOW – Get Rating) was assigned an average “Buy” rating from the thirty -five rating companies currently covering the stock, Marketbeat reports. Two research analysts rated the stock with a sell rating, two gave a hold rating and eighteen gave a buy rating to the company. The average 1-year price target among brokers who updated their stock range last year was $ 667.97.
Several equities research analysts recently weighed in on the company. Piper Sandler raised ServiceNow from a “neutral” rating to an “overweight” rating and set a $ 650.00 price target for the company in a report on Thursday, January 27th. Credit Suisse Group reduced their price target on ServiceNow from $ 800.00 to $ 700.00 in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft reduced their price target on ServiceNow from $ 700.00 to $ 680.00 in a report on Thursday, April 28th. StockNews.com assumed coverage on ServiceNow in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Jefferies Financial Group cut their target price on ServiceNow from $ 765.00 to $ 700.00 and set a “buy” rating for the company in a research note on Thursday, January 27th.
In other ServiceNow news, insider Christopher Bedi sold 647 shares of ServiceNow stock in a transaction that took place on Tuesday, February 8th. The stock was sold at an average price of $ 564.20, for a total value of $ 365,037.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 932 shares of ServiceNow stock in a transaction that took place on Friday, April 29th. The stock was sold at an average price of $ 490.26, for a total value of $ 456,922.32. Following the completion of the transaction, the director now directly owns 707 shares in the company, valued at $ 346,613.82. The disclosure for this sale can be found here. Insiders have sold a total of 32,868 shares of the company’s stock worth $ 18,684,741 over the past 90 days. 0.35% of the stock is currently owned by corporate insiders.
Some institutional investors have recently made changes to their business positions. Eagle Bay Advisors LLC raised its stake in ServiceNow by 75.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after purchasing an additional 18 shares during the period. Cavalier Investments LLC raised its stake in ServiceNow by 0.7% in the 4th 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 during the period. SevenOneSeven Capital Management increased its stake in ServiceNow by 3.0% in the 4th quarter. SevenOneSeven Capital Management now owns 621 shares of the information technology services provider’s stock worth $ 403,000 after purchasing an additional 18 shares during the period. Means Investment CO. Inc. raised its stake in ServiceNow shares 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 during the period. Finally, Rehmann Capital Advisory Group increased its stake in shares of 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 during the period. 87.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of ServiceNow stock opened at $ 469.33 on Friday. ServiceNow has a 1 year low of $ 448.27 and a year high of $ 707.60. The company has a market cap of $ 94.08 billion, a PE ratio of 426.66, a P/E/G ratio of 9.48 and a beta of 1.09. The stock has a fifty-day moving average price of $ 531.18 and a 200-day moving average price of $ 588.08. The company has a debt-to-equity ratio of 0.37, current ratio of 1.12 and quick ratio of 1.12.
ServiceNow (NYSE: NOW – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 1.73 revenue per share for the quarter, ahead of the consensus estimate of $ 1.70 of $ 0.03. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. The company had revenue of $ 1.72 billion in the quarter, compared to analyst estimates of $ 1.70 billion. In the same quarter last year, the company posted $ 0.50 EPS. The company’s revenue for the quarter rose 26.6% on a year-over-year basis. As a group, equities analysts expect ServiceNow to post 1.8 EPS for the current financial year.
About ServiceNow (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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