Analysts Offer Predictions for ServiceNow FY2025 Earnings

ServiceNow, Inc. (NYSE:NOW) – Equities researchers at Cantor Fitzgerald reduced their FY2025 earnings estimates for ServiceNow in a research report issued on Thursday, January 30th. Cantor Fitzgerald analyst T. Blakey now expects that the information technology services provider will earn $8.94 per share for the year, down from their previous estimate of $9.63. Cantor Fitzgerald has a “Strong-Buy” rating and a $1,332.00 price target on the stock. The consensus estimate for ServiceNow’s current full-year earnings is $8.94 per share.

Several other equities research analysts also recently issued reports on NOW. Jefferies Financial Group decreased their price objective on shares of ServiceNow from $1,300.00 to $1,250.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Oppenheimer increased their price target on ServiceNow from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $1,210.00 price objective on shares of ServiceNow in a research note on Thursday, January 30th. Citigroup lowered their target price on ServiceNow from $1,432.00 to $1,426.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Morgan Stanley cut ServiceNow from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $900.00 to $960.00 in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,129.72.

ServiceNow Stock Down 1.1 %

Shares of NYSE:NOW opened at $1,010.15 on Monday. The stock has a 50-day simple moving average of $1,083.05 and a 200-day simple moving average of $959.36. The stock has a market capitalization of $208.09 billion, a P/E ratio of 147.90, a PEG ratio of 4.74 and a beta of 0.99. ServiceNow has a 1 year low of $637.99 and a 1 year high of $1,198.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.10 and a current ratio of 1.10.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 earnings per share for the quarter, hitting the consensus estimate of $3.67. ServiceNow had a return on equity of 17.11% and a net margin of 12.97%.

Institutional Investors Weigh In On ServiceNow

A number of institutional investors and hedge funds have recently bought and sold shares of NOW. Czech National Bank raised its holdings in ServiceNow by 7.4% during the 3rd quarter. Czech National Bank now owns 41,964 shares of the information technology services provider’s stock worth $37,532,000 after buying an additional 2,900 shares during the period. HBW Advisory Services LLC acquired a new stake in shares of ServiceNow during the third quarter valued at approximately $210,000. GAMMA Investing LLC lifted its position in shares of ServiceNow by 51.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,659 shares of the information technology services provider’s stock valued at $2,378,000 after acquiring an additional 898 shares in the last quarter. WealthBridge Capital Management LLC acquired a new position in ServiceNow in the 3rd quarter worth approximately $221,000. Finally, Chemistry Wealth Management LLC purchased a new position in ServiceNow during the 3rd quarter worth approximately $200,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 76 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $1,010.94, for a total transaction of $76,831.44. Following the completion of the transaction, the insider now owns 3,027 shares in the company, valued at approximately $3,060,115.38. The trade was a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William R. Mcdermott sold 12,271 shares of ServiceNow stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the sale, the chief executive officer now owns 2,595 shares in the company, valued at approximately $2,588,953.65. This represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,731 shares of company stock valued at $21,016,751 over the last three months. Company insiders own 0.25% of the company’s stock.

ServiceNow declared that its board has authorized a stock buyback plan on Wednesday, January 29th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the information technology services provider to reacquire up to 1.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

About ServiceNow

ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.