ServiceNow (NYSE:NOW – Get Rating ) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 27th. Analysts expect ServiceNow to post earnings of $1.53 per share for the quarter. Individuals interested in registering for the company’s earnings conference call can do so using this link.
ServiceNow (NYSE:NOW – Get Rating) last posted its earnings results on Wednesday, April 27th. The information technology services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.13. ServiceNow has a net margin of 3.56% and a return on equity of 8.66%. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.70 billion. In the same quarter last year, the business posted $0.50 EPS. The business’s revenue increased by 26.6% compared to the same quarter last year. On average, analysts expect ServiceNow to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
ServiceNow Stock Performance
NYSE NOW opened at $440.00 on Tuesday. ServiceNow has a 1 year low of $406.47 and a 1 year high of $707.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $88.20 billion, a price-to-earnings ratio of 400.00, a PEG ratio of 9.08 and a beta of 1.03. The company has a fifty-day moving average price of $462.62 and a 200-day moving average price of $508.77.
ServiceNow Insider Activity
In related news, insider Christopher Bedi sold 495 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $489.18, for a total value of $242,144.10. Following the sale, the insider now directly owns 12,977 shares of the company’s stock, valued at $6,348,088.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. In related news, insider Christopher Bedi sold 495 shares of the firm’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $489.18, for a total value of $242,144.10. Following the sale, the insider now directly owns 12,977 shares of the company’s stock, valued at $6,348,088.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. Also, insider Jacqueline P. Canney sold 580 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $431.51, for a total transaction of $250,275.80. Following the completion of the sale, the insider now directly owns 189 shares in the company, valued at $81,555.39. The disclosure for this sale can be found here. Insiders sold 17,577 shares of company stock valued at $8,503,327 over the last three months. 0.28% of the stock is owned by corporate insiders.
Institutional Entry and Exit
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its position in ServiceNow by 9.0% during the first quarter. Parkside Financial Bank & Trust now owns 350 shares of the information technology services provider’s stock valued at $195,000 after acquiring an additional 29 shares in the last quarter. KB Financial Partners LLC boosted its position in ServiceNow by 14.6% during the first quarter. KB Financial Partners LLC now owns 236 shares of the information technology services provider’s stock valued at $131,000 after acquiring an additional 30 shares during the last quarter. SVB Wealth LLC grew its position in ServiceNow by 2.1% during the first quarter. SVB Wealth LLC now owns 1,833 shares of the information technology services provider’s stock valued at $1,021,000 after acquiring an additional 38 shares during the last quarter. Kinneret Advisory LLC boosted its holdings in shares of ServiceNow by 2.3% in the first quarter. Kinneret Advisory LLC now owns 2,011 shares of the information technology services provider’s stock valued at $1,120,000 after buying an additional 45 shares in the last quarter. Finally, High Net Worth Advisory Group LLC bought a new position in shares of ServiceNow in the first quarter valued at approximately $29,000. 87.20% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Barclays reduced their price target on shares of ServiceNow from $613.00 to $560.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. BNP Paribas downgraded shares of ServiceNow from a “neutral” rating to an “underperform” rating and set a $460.00 target price for the company. in a research report on Tuesday, March 29th. Mizuho reduced their price target on shares of ServiceNow from $550.00 to $520.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Morgan Stanley reduced their price target on shares of ServiceNow from $594.00 to $575.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. Finally, Cowen reduced their price target on shares of ServiceNow from $695.00 to $590.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $623.19.
ServiceNow Company Profile
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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.
Further Reading
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