ServiceNow, Inc. (NYSE: NOW)-Summit Insights published their third quarter 2021 earnings per share forecast for ServiceNow stock in a report sent to investors on Sunday, September 26. Summit Insights analyst S. Nandury expects this information technology service provider to earn $0.39 per share this quarter. Summit Insights currently has a “buy” rating on the stock. Summit Insights also released estimates for ServiceNow’s earnings per share for the fourth quarter of 2021 of US$0.43 and fiscal year 2021 earnings of US$1.61.
Other analysts have recently released research reports on the stock. In a research report on Thursday, July 29, Goldman Sachs raised its target price for ServiceNow stock from US$695.00 to US$725.00. Truist Securities raised the target price of ServiceNow stock from $575.00 to $640.00 and gave the company a “Buy” rating in its research report on Thursday, July 29. Robert W. Baird (Robert W. Baird) raised the target price of ServiceNow stock from US$340.00 to US$390.00, and gave the company a “Outperform” rating in a research report on Thursday, July 29. Mizuho raised the target price of ServiceNow stock from $640.00 to $650.00 and gave the company a “Buy” rating in its research report on Thursday, July 29. Finally, Royal Bank of Canada raised the target price of ServiceNow stock from $640.00 to $670.00, and gave the company an “outperform” rating in its research report on Thursday, July 29. Two stock research analysts have a hold rating on the stock, 31 have a buy rating, and one has a strong buy rating on the stock. According to data from MarketBeat.com, ServiceNow’s average rating is “Buy” and the consensus target price is US$648.74.
NOW stock opened at $612.52 on Wednesday. The company’s debt-to-equity ratio is 0.45, current ratio is 1.08, and quick ratio is 1.08. The company’s 50-day moving average price is $618.52, and the 200-day moving average price is $548.91. ServiceNow has a 52-week low of $448.27 and a 52-week high of $681.10. The stock has a market value of 121.34 billion U.S. dollars, a P/E ratio of 729.20, a P/E ratio of 17.05, and a beta of 0.92. ServiceNow (NYSE: NOW) last released quarterly earnings data on Wednesday, July 28. The information technology service provider reported earnings per share for the quarter of $1.42, which was $1.26 higher than the consensus estimate of $0.16. ServiceNow’s net profit margin is 3.30%, and the return on equity is 9.10%. The company’s revenue for the quarter was $1.41 billion, while analysts expected it to be $1.36 billion.
In other news, insider Fay Sien Goon sold 979 shares in trading on Friday, August 20. The stock was sold at an average price of US$599.36, with a total trading volume of US$586,773.44. After the transaction is completed, insiders now directly own 4,498 shares of the company, valued at approximately US$2,695,921.28. The transaction has been disclosed in a document submitted to the US Securities and Exchange Commission, which can be found at this link. In addition, director Susan L. Bostrom sold 4,500 shares in trading on Tuesday, August 3. The stock was sold at an average price of US$461.40, with a total trading volume of US$2,076,300.00. After the transaction is completed, the directors now own 1,780 shares of the company’s shares, valued at US$821,292. The disclosure of this sale can be found here. In the past ninety days, insiders sold 31,208 shares of the company’s stock worth $17,359,693. Company insiders hold 0.35% of the company’s shares.
Several hedge funds have recently revised their holdings in NOW. Principal Financial Group Inc. increased its holdings of ServiceNow shares by 3.1% in the first quarter. After purchasing an additional 9,348 shares during this period, Principal Financial Group Inc. now owns 311,238 shares of the information technology service provider, valued at $155,653,000. Jaffetilchin Investment Partners LLC purchased new shares of ServiceNow stock in the first quarter, valued at approximately $219,000. The Financial Planning Center increased its holdings of ServiceNow shares by 56.6% in the first quarter. During this period, the Financial Planning Center Company now owns 83 shares of this information technology service provider, valued at $42,000, and has purchased 30 shares during this period. Vestmark Advisory Solutions Inc. increased its holdings of ServiceNow shares by 103.8% in the first quarter. During this period, Vestmark Advisory Solutions Inc. now owns 6,323 shares of the information technology service provider, valued at US$3,162,000, and purchased an additional 3,220 shares during this period. Finally, Mission Wealth Management LP increased its holdings of ServiceNow shares by 37.8% in the first quarter. After purchasing an additional 832 shares during this period, Mission Wealth Management LP now owns 3,033 shares of this information technology service provider, valued at US$1,517,000. 85.42% of stocks are currently held by institutional investors.
About current service
ServiceNow, Inc is engaged in providing enterprise cloud computing solutions. The company provides digital workflows on a single enterprise cloud platform called Now Platform. Its product portfolio focuses on providing information technology, employee and customer workflows. It provides solutions for industries such as government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer goods.
Recommended story: How to use the MarketBeat retirement calculator
This instant news alert is generated by MarketBeat’s narrative science and technology and financial data, and aims to provide readers with the fastest and most accurate reports. This story was reviewed by the editorial team of MarketBeat before it was published.Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in ServiceNow now?
Before you consider ServiceNow, you will want to hear about this.
MarketBeat tracks the top and best performing research analysts on Wall Street and the stocks they recommend to customers every day. MarketBeat has identified five stocks that top analysts quietly told their customers to buy now before the market became popular… and ServiceNow is not on the list.
Although ServiceNow is currently rated as “Buy” among analysts, analysts with the highest ratings believe these five stocks are better buys.
View 5 stocks here
.
#ServiceNow #announce #earnings #share #quarter #Summit #Insights #forecast #NYSE
More from Source