The Shares of ServiceNow, Inc. (NYSE:NOW – Get Rating) has been assigned an average rating of “Moderate Buy” by the thirty-six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and twenty have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $564.82.
Several research firms recently commented on NOW. Cowen boosted their price objective on ServiceNow from $510.00 to $520.00 in a research note on Thursday. Guggenheim dropped their price target on ServiceNow to $500.00 in a report on Thursday. Barclays dropped their price target on ServiceNow to $496.00 in a report on Thursday. Wolfe Research dropped their price target on ServiceNow from $600.00 to $475.00 and set an “outperform” rating for the company in a report on Thursday. Finally, BMO Capital Markets lowered their price target on ServiceNow from $497.00 to $430.00 and set an “outperform” rating for the company in a report on Monday.
Stock ServiceNow 13.4 %
NYSE NOW opened at $415.67 on Friday. The business has a fifty day moving average price of $409.78 and a 200 day moving average price of $448.85. ServiceNow has a one year low of $337.00 and a one year high of $707.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $83.97 billion, a P/E ratio of 456.78, a P/E/G ratio of 7.52 and a beta of 0.98.
ServiceNow (NYSE:NOW – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The information technology services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.12 by $0.08. ServiceNow had a return on equity of 7.22% and a net margin of 2.79%. The firm had revenue of $1.75 billion in the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the company earned $0.38 EPS. The company’s revenue increased by 24.3% compared to the same quarter last year. research analysts anticipate that ServiceNow will post 1.71 EPS for the current fiscal year.
Insider Buying and Selling at ServiceNow
In related news, Director Frederic B. Luddy sold 6,600 shares of ServiceNow stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $385.46, for a total value of $2,544,036.00. Following the sale, the director now directly owns 31,800 shares in the company, valued at $12,257,628. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Paul John Smith sold 130 shares of ServiceNow stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $502.81, for a total value of $65,365.30. Following the sale, the insider now directly owns 2,157 shares in the company, valued at $1,084,561.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederic B. Luddy sold 6,600 shares of ServiceNow stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $385.46, for a total value of $2,544,036.00. Following the completion of the sale, the director now owns 31,800 shares in the company, valued at $12,257,628. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,393 shares of company stock valued at $12,856,570. 0.28% of the stock is currently owned by insiders.
Institutional Trading Services Today
A number of institutional investors have recently modified their holdings of the business. Edgewood Management LLC acquired a new position in ServiceNow during the first quarter valued at $1,515,281,000. Fisher Asset Management LLC lifted its holdings in ServiceNow by 57.9% during the first quarter. Fisher Asset Management LLC now owns 1,413,079 shares of the information technology services provider’s stock valued at $786,930,000 after purchasing an additional 518,349 shares during the last quarter. Capital International Investors lifted its holdings in ServiceNow by 18.1% in the first quarter. Capital International Investors now owns 3,207,748 shares of the information technology services provider’s stock valued at $1,786,783,000 after buying an additional 491,835 shares during the last quarter. Raised by Vanguard Group Inc. its holdings in ServiceNow by 1.9% during the first quarter. The Vanguard Group Inc. now owns 16,295,607 shares of the information technology services provider’s stock valued at $9,074,862,000 after buying an additional 306,106 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in ServiceNow by 37.9% during the second quarter. Ontario Teachers Pension Plan Board now owns 890,775 shares of the information technology services provider’s stock valued at $423,581,000 after purchasing an additional 244,958 shares during the last quarter. 87.49% of the stock is currently owned by hedge funds and other institutional investors.
About ServiceNow
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ServiceNow, Inc provides enterprise cloud computing solutions that define, build, integrate, manage, and automate services for businesses worldwide. It powers 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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