ServiceNow (NYSE:NOW) Shares Up 0.5%

Shares of ServiceNow, Inc. (NYSE:NOW) were up 0.5% on Wednesday . The company traded as high as $757.25 and last traded at $744.80. Approximately 307,355 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 1,168,042 shares. The stock had previously closed at $740.95.

Analyst Ratings Changes

NOW has been the topic of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $825.00 target price on shares of ServiceNow in a report on Tuesday. Guggenheim reiterated a “neutral” rating on shares of ServiceNow in a research note on Monday, April 15th. Stifel Nicolaus restated a “buy” rating and set a $820.00 price target on shares of ServiceNow in a report on Wednesday, March 20th. Barclays lifted their price objective on ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research note on Tuesday, January 23rd. Finally, Robert W. Baird boosted their price target on shares of ServiceNow from $780.00 to $870.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $782.85.

ServiceNow Stock Up 0.7 %

The company has a market capitalization of $148.08 billion, a price-to-earnings ratio of 76.60, a PEG ratio of 4.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50-day simple moving average of $760.05 and a two-hundred day simple moving average of $706.80.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. ServiceNow had a net margin of 20.34% and a return on equity of 14.00%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. As a group, equities analysts predict that ServiceNow, Inc. will post 6.16 EPS for the current year.

Insider Transactions at ServiceNow

In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $767.12, for a total transaction of $905,201.60. Following the sale, the insider now directly owns 1,392 shares in the company, valued at $1,067,831.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other ServiceNow news, insider Paul John Smith sold 1,180 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $767.12, for a total value of $905,201.60. Following the sale, the insider now owns 1,392 shares of the company’s stock, valued at $1,067,831.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the transaction, the chief executive officer now directly owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. Insiders have sold 13,164 shares of company stock valued at $9,940,303 in the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Institutional Trading of ServiceNow

Several institutional investors and hedge funds have recently made changes to their positions in NOW. Argonautica Private Wealth Management Inc. lifted its holdings in ServiceNow by 1.0% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,376 shares of the information technology services provider’s stock valued at $972,000 after purchasing an additional 13 shares in the last quarter. Wealth Management Partners LLC boosted its position in ServiceNow by 2.7% during the fourth quarter. Wealth Management Partners LLC now owns 531 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 14 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its holdings in ServiceNow by 30.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 60 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 14 shares during the last quarter. Optas LLC lifted its stake in shares of ServiceNow by 1.7% during the 1st quarter. Optas LLC now owns 815 shares of the information technology services provider’s stock worth $621,000 after purchasing an additional 14 shares during the period. Finally, Trust Co. of Vermont boosted its holdings in shares of ServiceNow by 8.6% during the third quarter. Trust Co. of Vermont now owns 190 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 15 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

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.