ServiceNow, Inc. (NYSE: NOW – Get Rating) received an average “Moderate Buy” recommendation from the thirty -four research firms currently covering the firm, MarketBeat.com reports. Two investment analysts rated the stock with a sell rating, one assigned a hold rating and fourteen assigned a buy rating to the company. The average 12 -month price target at brokers that released stock ratings last year was $ 640.70.
NOW has been the subject of several recent research reports. Barclays reduced their price target on ServiceNow from $ 652.00 to $ 613.00 in a report on Thursday, April 28th. UBS Group reduced their target price on ServiceNow to $ 570.00 in a report on Wednesday, May 25th. Cowen reduced their target price on ServiceNow from $ 725.00 to $ 695.00 in a report on Thursday, April 28th. Cowen reduced their target price on ServiceNow from $ 725.00 to $ 695.00 in a report on Thursday, April 28th. Finally, Exane BNP Paribas cut ServiceNow from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 29th.
NOW shares opened at $ 504.09 on Friday. The business’s fifty-day simple moving average is $ 464.80 and its two-hundred-day simple moving average is $ 534.84. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. ServiceNow has a 12 -month low of $ 406.47 and a 12 -month high of $ 707.60. The company has a market cap of $ 101.05 billion, a price-to-earnings ratio of 458.26, a P/E/G ratio of 9.30 and a beta of 1.09.
ServiceNow (NYSE: NOW – Get Rating) last released its earnings results on Wednesday, April 27th. The information technology service provider reported $ 0.47 EPS for the quarter, beating the consensus estimate of $ 0.34 by $ 0.13. The business had revenue of $ 1.72 billion for the quarter, compared to the consensus estimate of $ 1.70 billion. ServiceNow had a return on equity of 8.66% and a net margin of 3.56%. The company’s revenue rose 26.6% compared to the same quarter last year. In the same period last year, the business posted $ 0.50 EPS. As a group, research analysts predict that ServiceNow will post 1.73 EPS for the current year.
In other ServiceNow news, insider Paul John Smith sold 125 shares of ServiceNow stock in a transaction on Friday, May 13th. The shares were sold at an average price of $ 446.04, for a total value of $ 55,755.00. Following the transaction, the insider now directly owns 1,446 shares of the company’s stock, valued at $ 644,973.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, available through the SEC website. Also, Director Teresa Briggs sold 932 shares of ServiceNow stock in a transaction on Friday, April 29th. The stock was sold at an average price of $ 490.26, for a total transaction 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 17,770 shares of the company’s stock worth $ 8,999,332 over the past ninety days. Insiders own 0.28% of the company’s stock.
Some hedge funds and other institutional investors have recently added or reduced their stakes in the business. Expanded by Vanguard Group Inc. its holdings in ServiceNow were up 1.9% in the first quarter. Vanguard Group Inc. now owns 16,295,607 shares of the information technology services provider’s stock worth $ 9,074,862,000 after buying an additional 306,106 shares in the last quarter. Expanded by BlackRock Inc. its holdings in ServiceNow shares of 0.4% in the fourth quarter. BlackRock Inc. now owns 16,190,700 shares of the information technology services provider’s stock worth $ 10,509,544,000 after buying an additional 65,623 shares last quarter. State Street Corp increased its holdings in shares of ServiceNow by 3.2% in the fourth quarter. State Street Corp. now owns 7,870,165 shares of the information technology services provider’s stock worth $ 5,108,603,000 after buying an additional 241,296 shares last quarter. Polen Capital Management LLC increased its holdings in ServiceNow shares by 2.1% in the first quarter. Polen Capital Management LLC now owns 3,219,600 shares of the information technology services provider’s stock worth $ 1,792,963,000 after buying an additional 67,385 shares last quarter. Finally, Capital International Investors increased its holdings in ServiceNow shares by 18.1% in the first quarter. Capital International Investors now owns 3,207,748 shares of the information technology services provider’s stock worth $ 1,786,783,000 after buying an additional 491,835 shares last quarter. 87.20% of the stock is currently owned by institutional investors and hedge funds.
ServiceNow Company Profile (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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