ServiceNow, Inc. (NOW) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of ServiceNow, Inc. (NYSE:NOW) in a report issued on Thursday, July 27th. They currently have a $110.00 target price on the information technology services provider’s stock, up from their previous target price of $93.00.

A number of other research analysts have also commented on NOW. UBS AG reaffirmed a buy rating and issued a $110.00 price objective (up from $101.00) on shares of ServiceNow in a report on Friday, April 28th. JMP Securities reaffirmed an outperform rating on shares of ServiceNow in a report on Thursday, July 27th. Canaccord Genuity reaffirmed a buy rating and issued a $130.00 price objective (up from $110.00) on shares of ServiceNow in a report on Thursday, July 27th. Raymond James Financial, Inc. increased their target price on ServiceNow from $110.00 to $126.00 and gave the stock a strong-buy rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada raised their price objective on ServiceNow from $110.00 to $126.00 and gave the company a top pick rating in a research note on Monday, July 24th. Eight investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. ServiceNow has a consensus rating of Buy and a consensus target price of $115.96.

ServiceNow (NYSE:NOW) traded down 0.99% during midday trading on Thursday, reaching $107.68. 802,219 shares of the company’s stock were exchanged. The company’s market cap is $18.35 billion. The company has a 50 day moving average price of $107.90 and a 200 day moving average price of $96.17. ServiceNow has a 12 month low of $71.25 and a 12 month high of $115.85.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 26th. The information technology services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. ServiceNow had a negative return on equity of 30.72% and a negative net margin of 10.17%. The firm had revenue of $471.70 million for the quarter, compared to analyst estimates of $462.11 million. During the same period in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, equities analysts anticipate that ServiceNow will post $1.17 EPS for the current year.

TRADEMARK VIOLATION WARNING: “ServiceNow, Inc. (NOW) Receives Hold Rating from Stifel Nicolaus” was posted by BBNS and is the property of of BBNS. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://baseballnewssource.com/markets/servicenow-inc-now-given-hold-rating-at-stifel-nicolaus-updated/1315549.html.

In related news, CRO David Schneider sold 6,430 shares of ServiceNow stock in a transaction on Friday, May 19th. The stock was sold at an average price of $99.50, for a total transaction of $639,785.00. Following the sale, the executive now directly owns 33,466 shares in the company, valued at $3,329,867. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic B. Luddy sold 102,000 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $110.09, for a total value of $11,229,180.00. Following the completion of the sale, the director now owns 11,190 shares in the company, valued at $1,231,907.10. The disclosure for this sale can be found here. Insiders have sold 731,884 shares of company stock worth $79,049,745 over the last quarter. 3.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Cornerstone Advisors Inc. raised its stake in shares of ServiceNow by 29.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the information technology services provider’s stock valued at $115,000 after buying an additional 245 shares during the last quarter. Barrett Asset Management LLC purchased a new stake in shares of ServiceNow during the second quarter valued at about $117,000. Global X Management Co. LLC raised its stake in shares of ServiceNow by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,407 shares of the information technology services provider’s stock valued at $123,000 after buying an additional 330 shares during the last quarter. Hartford Financial Management Inc. purchased a new stake in shares of ServiceNow during the first quarter valued at about $125,000. Finally, TLP Group LLC purchased a new stake in shares of ServiceNow during the first quarter valued at about $131,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.

About ServiceNow

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.

Analyst Recommendations for ServiceNow (NYSE:NOW)

Receive News & Ratings for ServiceNow Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.