ServiceNow, Inc. (NYSE: NOW – Get Rating) was assigned a consensus “Buy” recommendation from the thirty -six brokerages currently covering the company, MarketBeat.com reports. Two research analysts rated the stock with a sell rating, two gave a hold rating and fifteen gave a buy rating to the company. The average 12 -month price target among brokerages that covered the stock last year was $ 638.59.
A number of equities research analysts have recently commented on the company. Piper Sandler cut their price target on ServiceNow from $ 650.00 to $ 600.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. Royal Bank of Canada reduced their price target on ServiceNow from $ 700.00 to $ 660.00 and set an “outperform” rating for the company in a report on Monday, April 25th. Exane BNP Paribas downgraded ServiceNow from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 29th. Cowen cut their price target on ServiceNow from $ 725.00 to $ 695.00 in a report on Thursday, April 28th. Finally, Oppenheimer lowered their target price on ServiceNow shares from $ 660.00 to $ 600.00 in a research report on Thursday, April 28th.
NYSE NOW shares opened at $ 476.29 on Tuesday. The stock has a fifty-day average turnover price of $ 493.67 and a two-hundred-day average turnover price of $ 557.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $ 95.48 billion, a P/E ratio of 432.99, a PEG ratio of 9.62 and a beta of 1.09. ServiceNow has a 1 year low of $ 406.47 and a 1 year high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 0.47 EPS for the quarter, beating analysts ’consensus estimates of $ 0.34 by $ 0.13. 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 the agreed $ 1.70 billion. In the same quarter last year, the company earned $ 0.50 EPS. The company’s quarterly revenue rose 26.6% compared to the same quarter last year. On average, research analysts predict that ServiceNow will post 1.73 revenue per share for the current financial year.
In other ServiceNow news, insider Christopher Bedi sold 700 shares of the company’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of $ 581.04, for a total transaction of $ 406,728.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available through this hyperlink. Also, Director Frederic B. Luddy sold 6,600 shares of the company’s stock in a transaction on Tuesday, April 5th. The stock was sold at an average price of $ 556.81, for a total value of $ 3,674,946.00. Following the sale, the director now owns 707 shares of the company’s stock, valued at $ 393,664.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,370 shares of the company’s stock worth $ 5,559,728. 0.28% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Chilton Capital Management LLC acquired a new position in shares of ServiceNow in the fourth quarter valued at $ 25,000. Eagle Bay Advisors LLC increased its holdings in ServiceNow by 75.0% in the third 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. OLD Second National Bank of Aurora acquired a new stake in ServiceNow in the first quarter worth $ 28,000. High Net Worth Advisory Group LLC acquired a new stake in ServiceNow in the first quarter worth $ 29,000. Finally, AHL Investment Management Inc. acquired a new stake in ServiceNow in the fourth quarter worth $ 35,000. Institutional investors own 87.20% of the company’s stock.
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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