ServiceNow (NYSE: NOW) its price target was lowered by equities research analysts at Canaccord Genuity Group from $ 715.00 to $ 615.00 in a report released Thursday, The Fly reports. Canaccord Genuity Group’s price target suggests a potential increase of 26.96% from the company’s previous closure.
NOW has been the subject of several other reports. Citigroup boosted their price target on ServiceNow from $ 657.00 to $ 675.00 in a research report on Thursday. Truist Financial raised their target price on ServiceNow from $ 640.00 to $ 700.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. BMO Capital Markets raised their target price on ServiceNow from $ 600.00 to $ 635.00 in a research report on Thursday. Credit Suisse Group reduced their target price on ServiceNow from $ 850.00 to $ 800.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, UBS Group raised their target price on ServiceNow from $ 650.00 to $ 716.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Two research analysts rated the stock with a hold rating, twenty-eight assigned a buy rating and one gave the company a strong buy rating. According to data from MarketBeat.com, the stock currently has an average “Buy” rating and an average target price of $ 701.13.
NYSE NOW shares opened at $ 484.42 on Thursday. The company has a market cap of $ 96.40 billion, a PE ratio of 444.42, a price-to-earnings-growth ratio of 9.60 and a beta of 1.01. The company has a fast ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.42. ServiceNow has a twelve -month low of $ 448.27 and a twelve -month high of $ 707.60. The business has a fifty day simple moving average of $ 608.33 and a two-hundred day simple moving average of $ 623.94.
ServiceNow (NYSE: NOW) last released its quarterly earnings results on Wednesday, January 26th. The information technology service provider reported $ 1.46 EPS for the quarter, ahead of Thomson Reuters ’consensus estimate of $ 0.22 of $ 1.24. ServiceNow had a return on equity of 9.31% and a net margin of 3.99%. In the same period last year, the business posted $ 0.16 revenue per share. On average, research analysts expect ServiceNow to post 1.39 revenue per share for the current year.
In other ServiceNow news, CFO Gina Mastantuono sold 738 shares of stock in a transaction that took place on Monday, January 10th. The stock was sold at an average price of $ 550.10, for a total transaction of $ 405,973.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Also, Director Frederic B. Luddy sold 15,000 shares of stock in a transaction that occurred on Wednesday, January 12th. The shares were sold at an average price of $ 577.36, for a total value of $ 8,660,400.00. The disclosure for this sale can be found here. Insiders have sold 24,655 shares of the company’s stock worth $ 15,161,081 over the past three months. Insiders own 0.35% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC increased its holdings in shares of ServiceNow by 3.9% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 431 shares of the information technology services provider’s stock worth $ 268,000 after buying an additional 16 shares in the last quarter. Newfound Research LLC increased its holdings in shares of ServiceNow by 22.7% in the third quarter. Newfound Research LLC now owns 92 shares of the information technology services provider’s stock worth $ 57,000 after buying an additional 17 shares in the last quarter. Farmers & Merchants Investments Pvt. increased its holdings in ServiceNow shares by 15.7% in the third quarter. Farmers & Merchants Investments Pvt. now owns 133 shares of the information technology services provider’s stock worth $ 83,000 after buying an additional 18 shares last quarter. Spearhead Capital Advisors LLC increased its holdings in shares of ServiceNow by 2.1% in the third quarter. Spearhead Capital Advisors LLC now owns 861 shares of the information technology services provider’s stock worth $ 536,000 after buying an additional 18 shares in the last quarter. Finally, Nwam LLC increased its holdings in ServiceNow shares by 4.5% in the third quarter. Nwam LLC now owns 415 shares of the information technology services provider’s stock worth $ 258,000 after buying an additional 18 shares in the last quarter. 86.14% of the stock is owned by hedge funds and other institutional investors.
About ServiceNow
ServiceNow, Inc. is engaged in providing enterprise cloud computing solutions. The company delivers digital workflows on an enterprise cloud platform called Now Platform. Its product portfolio is focused on providing Information Technology, Employee and Customer workflows. It offers its solutions for industries under the categories of government, financial services, healthcare, telecommunications, manufacturing, IT services, technology, oil and gas, education, and consumer products. .
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