ServiceNow, Inc. (NYSE:NOW – Get Free Report) General Counsel Russell S. Elmer sold 336 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,017.55, for a total transaction of $341,896.80. Following the completion of the sale, the general counsel now owns 4,332 shares of the company’s stock, valued at approximately $4,408,026.60. The trade was a 7.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
ServiceNow Price Performance
NOW opened at $989.70 on Friday. The company has a fifty day moving average price of $1,075.99 and a two-hundred day moving average price of $969.56. 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, Inc. has a 52 week low of $637.99 and a 52 week high of $1,198.09. The firm has a market capitalization of $203.88 billion, a PE ratio of 144.90, a P/E/G ratio of 4.76 and a beta of 0.99.
ServiceNow (NYSE:NOW – Get Free Report) last released its earnings results on Wednesday, January 29th. The information technology services provider reported $3.67 EPS for the quarter, hitting analysts’ consensus estimates of $3.67. ServiceNow had a net margin of 12.97% and a return on equity of 17.11%. As a group, analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.
Hedge Funds Weigh In On ServiceNow
Several institutional investors and hedge funds have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its holdings in shares of ServiceNow by 3.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 194,403 shares of the information technology services provider’s stock valued at $205,889,000 after buying an additional 6,372 shares during the period. Fairfield Bush & CO. grew its holdings in shares of ServiceNow by 3.6% in the 4th quarter. Fairfield Bush & CO. now owns 1,293 shares of the information technology services provider’s stock valued at $1,371,000 after buying an additional 45 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of ServiceNow in the 4th quarter valued at $2,294,000. Foster Dykema Cabot & Partners LLC grew its holdings in shares of ServiceNow by 63.7% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 406 shares of the information technology services provider’s stock valued at $430,000 after buying an additional 158 shares during the period. Finally, Capital Square LLC grew its holdings in shares of ServiceNow by 6.9% in the 4th quarter. Capital Square LLC now owns 701 shares of the information technology services provider’s stock valued at $789,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.
Wall Street Analysts Forecast Growth
NOW has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and issued a $1,300.00 price target on shares of ServiceNow in a research report on Thursday, January 30th. TD Cowen lifted their target price on shares of ServiceNow from $1,025.00 to $1,300.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley cut shares of ServiceNow from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $900.00 to $960.00 in a research note on Monday, October 21st. JPMorgan Chase & Co. lifted their target price on shares of ServiceNow from $950.00 to $1,250.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Mizuho lifted their target price on shares of ServiceNow from $1,070.00 to $1,210.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,129.72.
Read Our Latest Stock Report on ServiceNow
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.
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