ServiceNow (NYSE: NOW – Get a Rating) the price target was cut by equities researchers at Deutsche Bank Aktiengesellschaft from $ 700.00 to $ 680.00 in a report released on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target suggests a potential increase of 45.83% from the company’s current price.
A number of other research firms have also commented on NOW. Mizuho raised their target price on ServiceNow shares from $ 615.00 to $ 650.00 and gave the company a “buy” rating in a research report on Thursday, January 27th. StockNews.com began coverage of ServiceNow components in a research note on Thursday, March 31st. They gave a “hold” rating to the stock. Canaccord Genuity Group lowered their price target on ServiceNow shares from $ 715.00 to $ 615.00 in a research note on Thursday, January 27th. BMO Capital Markets lowered their price target on shares of ServiceNow from $ 635.00 to $ 570.00 in a research note on Wednesday. Finally, TheStreet downgraded ServiceNow shares from a “b-” rating to a “c+” rating in a research note on Tuesday. Two analysts rated the stock with a sell rating, three issued a hold rating and twenty-seven gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $ 674.57.
NYSE: NOW opened at $ 466.29 on Thursday. ServiceNow has a twelve -month low of $ 448.27 and a twelve -month high of $ 707.60. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $ 539.66 and a 200-day moving average of $ 594.68. The company has a market cap of $ 93.26 billion, a price-to-earnings ratio of 409.03, a price-to-earnings-growth ratio of 9.42 and a beta of 1.04.
ServiceNow (NYSE: NOW-Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The information technology service provider reported $ 1.73 EPS for the quarter, ahead of the consensus estimate of $ 1.70 of $ 0.03. The business had revenue of $ 1.72 billion in the quarter, compared to analysts ’expectations of $ 1.70 billion. ServiceNow has a net margin of 3.90% and a return on equity of 9.43%. The company’s quarterly revenue rose 26.6% compared to the same quarter last year. In the same period last year, the company posted $ 0.50 profit per share. On average, research analysts predict that ServiceNow will post 1.85 revenue per share for the current year.
In related news, CFO Gina Mastantuono sold 2,102 shares of ServiceNow stock in a transaction that took place on Tuesday, February 8th. The stock was sold at an average price of $ 564.20, for a total value of $ 1,185,948.40. The transaction was disclosed in a document filed with the SEC, which can be accessed via this link. Also, Director Frederic B. Luddy sold 6,600 shares of ServiceNow stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $ 582.16, for a total value of $ 3,842,256.00. The disclosure for this sale can be found here. Insiders have sold 32,141 shares of the company’s stock worth $ 18,355,758 over the past ninety days. 0.35% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently changed their holdings in the business. Chilton Capital Management LLC acquired a new position in ServiceNow in the fourth quarter worth approximately $ 25,000. Eagle Bay Advisors LLC raised its stake in ServiceNow by 75.0% in the third quarter. Eagle Bay Advisors LLC now owns 42 shares of the information technology services provider’s stock worth $ 27,000 after purchasing an additional 18 shares during the period. Baystate Wealth Management LLC raised its stake in ServiceNow by 60.0% in the third quarter. Baystate Wealth Management LLC now owns 48 shares of the information technology services provider’s stock worth $ 30,000 after purchasing an additional 18 shares during the period. Lifted by MV Capital Management Inc. its stake in ServiceNow was 96.2% in the third quarter. MV Capital Management Inc. now owns 51 shares of the information technology services provider’s stock worth $ 32,000 after purchasing an additional 25 shares during the period. Finally, AHL Investment Management Inc. acquired a new position at ServiceNow in the fourth quarter worth approximately $ 35,000. 86.63% of the stock is currently owned by hedge funds and other institutional investors.
ServiceNow Company Profile (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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