ServiceNow Inc (NYSE:NOW) has received an average rating of “Buy” from the thirty-nine ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-eight have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $155.93.
Several equities analysts have recently issued reports on NOW shares. Mizuho reiterated a “buy” rating and issued a $160.00 price objective (up previously from $140.00) on shares of ServiceNow in a research note on Monday, January 22nd. JPMorgan Chase lowered ServiceNow from an “overweight” rating to a “neutral” rating and set a $138.00 target price on the stock. in a research report on Tuesday, December 12th. BMO Capital Markets raised their target price on ServiceNow from $133.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Cowen reissued a “buy” rating and set a $160.00 target price on shares of ServiceNow in a research report on Monday, December 11th. Finally, Evercore ISI reissued a “buy” rating and set a $170.00 target price on shares of ServiceNow in a research report on Friday, February 2nd.
In other news, Director Frederic B. Luddy sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $135.37, for a total value of $13,537,000.00. Following the transaction, the director now owns 240,000 shares of the company’s stock, valued at $32,488,800. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic B. Luddy sold 32,500 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $173.95, for a total value of $5,653,375.00. Following the completion of the transaction, the director now directly owns 260,791 shares in the company, valued at approximately $45,364,594.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 490,308 shares of company stock worth $73,834,398. 3.30% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Exane Derivatives increased its holdings in shares of ServiceNow by 90.3% in the fourth quarter. Exane Derivatives now owns 925 shares of the information technology services provider’s stock valued at $121,000 after purchasing an additional 439 shares during the period. Cerebellum GP LLC acquired a new position in shares of ServiceNow in the fourth quarter valued at approximately $131,000. Roble Belko & Company Inc increased its holdings in shares of ServiceNow by 5,263.2% in the fourth quarter. Roble Belko & Company Inc now owns 1,019 shares of the information technology services provider’s stock valued at $133,000 after purchasing an additional 1,000 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of ServiceNow in the fourth quarter valued at approximately $166,000. Finally, Bellwether Investment Group LLC purchased a new stake in shares of ServiceNow in the fourth quarter valued at approximately $193,000.
Shares of NOW traded down $3.99 during midday trading on Wednesday, hitting $161.46. The company had a trading volume of 804,741 shares, compared to its average volume of 1,968,421. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $28,904.11, a PE ratio of -157.57, a PEG ratio of 36.92 and a beta of 1.08. ServiceNow has a 1 year low of $84.03 and a 1 year high of $176.56.
ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 31st. The information technology services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $546.37 million during the quarter, compared to analysts’ expectations of $532.74 million. ServiceNow had a negative return on equity of 23.78% and a negative net margin of 7.71%. The business’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. analysts predict that ServiceNow will post 0.1 EPS for the current year.
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ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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