ServiceNow (NYSE: NOW – Get a Rating) Truist Financial lowered its price target from $ 700.00 to $ 600.00 in a research report published Tuesday morning, The Fly reports.
Some other analysts have also weighed in recently on NOW. Robert W. Baird lowered their price target on ServiceNow from $ 650.00 to $ 600.00 in a research report on Thursday, January 27th. Bank of America lowered their price target on ServiceNow from $ 725.00 to $ 680.00 and set a buy rating for the company in a research report on Thursday, January 27th. TheStreet cut ServiceNow from a b-rating to a c+ rating in a research report on Tuesday, April 26th. Deutsche Bank Aktiengesellschaft lowered their price target on ServiceNow from $ 700.00 to $ 680.00 in a research report on Thursday, April 28th. Finally, KeyCorp lowered their price target on ServiceNow from $ 692.00 to $ 613.00 and set an overweight rating for the company in a research report on Monday, April 25th. Two research analysts rated the stock with a sell rating, three gave a hold rating and twenty-seven assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average Buy rating and an average target price of $ 664.74.
NYSE NOW shares opened at $ 425.87 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $ 85.37 billion, a PE ratio of 387.15, a price-to-earnings-growth ratio of 8.94 and a beta of 1.09. The stock’s fifty-day simple moving average is $ 525.81 and its two-hundred-day simple moving average is $ 583.32. ServiceNow has a 12-month low of $ 422.61 and a 12-month high of $ 707.60.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The information technology service provider reported $ 1.73 revenue per share for the quarter, ahead of analysts ’consensus estimates of $ 1.70 of $ 0.03. The company had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow has a return on equity of 8.66% and a net margin of 3.56%. Business revenue in the quarterly rose 26.6% on a year-over-year basis. In the same quarter last year, the company earned $ 0.50 EPS. On average, equities analysts predict that ServiceNow will post 1.8 earnings per share for the current financial year.
In other news, insider Christopher Bedi sold 158 shares of the company’s stock in a transaction that took place on Monday, February 14th. The stock was sold at an average price of $ 578.87, for a total value of $ 91,461.46. The transaction was disclosed in a filing with the SEC, available on the SEC website. Also, CFO Gina Mastantuono sold 193 shares of the business’s stock in a transaction that took place on Tuesday, April 12th. The stock was sold at an average price of $ 525.00, for a total value of $ 101,325.00. Following the sale, the chief financial officer now owns 4,011 shares of the company’s stock, valued at $ 2,105,775. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,427 shares of the company’s stock worth $ 12,082,344. 0.35% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Chilton Capital Management LLC acquired a new position in ServiceNow in the 4th quarter valued at $ 25,000. Eagle Bay Advisors LLC raised its stake in ServiceNow by 75.0% in the 3rd quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after buying an additional 18 shares in the last quarter. Raised by MV Capital Management Inc. its stake in ServiceNow was 96.2% in the 3rd quarter. MV Capital Management Inc. now owns 51 shares of the information technology services provider’s stock worth $ 32,000 after buying an additional 25 shares last quarter. AHL Investment Management Inc. acquired a new position in ServiceNow in the 4th quarter worth $ 35,000. Finally, Lee Financial Co raised its stake in ServiceNow by 671.4% in the 4th quarter. Lee Financial Co. now owns 54 shares of the information technology services provider’s stock worth $ 35,000 after buying an additional 47 shares last quarter. 87.20% of the stock is owned by hedge funds and other institutional investors.
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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