ServiceNow (NYSE:NOW) Stock Price Up 0.4%

ServiceNow, Inc. (NYSE:NOW) shares were up 0.4% during mid-day trading on Wednesday . The stock traded as high as $759.78 and last traded at $757.90. Approximately 141,272 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,275,419 shares. The stock had previously closed at $754.81.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Jefferies Financial Group lifted their target price on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Robert W. Baird lifted their target price on ServiceNow from $870.00 to $885.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Stifel Nicolaus reiterated a “buy” rating and set a $820.00 target price on shares of ServiceNow in a report on Wednesday, March 20th. UBS Group reduced their price objective on ServiceNow from $920.00 to $875.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, BMO Capital Markets reduced their price objective on ServiceNow from $850.00 to $830.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $814.48.

ServiceNow Stock Performance

The stock has a fifty day simple moving average of $723.87 and a two-hundred day simple moving average of $739.98. The stock has a market cap of $155.10 billion, a price-to-earnings ratio of 81.06, a P/E/G ratio of 4.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. Analysts expect that ServiceNow, Inc. will post 6.5 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In related news, insider Paul John Smith sold 125 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total value of $90,922.50. Following the completion of the sale, the insider now directly owns 3,112 shares of the company’s stock, valued at approximately $2,263,606.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other ServiceNow news, insider Paul John Smith sold 125 shares of ServiceNow stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $727.38, for a total transaction of $90,922.50. Following the completion of the transaction, the insider now owns 3,112 shares in the company, valued at approximately $2,263,606.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Bedi sold 215 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the transaction, the insider now owns 15,892 shares in the company, valued at approximately $11,124,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,530 shares of company stock valued at $3,997,012. Corporate insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On ServiceNow

Hedge funds and other institutional investors have recently bought and sold shares of the business. Creekmur Asset Management LLC bought a new position in shares of ServiceNow in the first quarter worth $25,000. EntryPoint Capital LLC increased its holdings in shares of ServiceNow by 3,900.0% in the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 39 shares during the period. University of Texas Texas AM Investment Managment Co. bought a new position in ServiceNow in the fourth quarter valued at $29,000. AdvisorNet Financial Inc increased its stake in ServiceNow by 266.7% in the fourth quarter. AdvisorNet Financial Inc now owns 44 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Finally, Sachetta LLC bought a new position in ServiceNow in the fourth quarter valued at $35,000. Institutional investors own 87.18% of the company’s stock.

ServiceNow Company Profile

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.