7 hours Ago By Defense World Staff
ServiceNow (NYSE:NOW – Get Free Report) had its price objective increased by Robert W. Baird from $1,010.00 to $1,150.
00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the information technology services provider’s stock. Robert W.
Baird’s price objective points to a potential upside of 21.55% from the stock’s current price.NOW has been the subject of a number of other reports.
Wells Fargo & Company cut their price objective on ServiceNow from $1,250.00 to $1,100.00 and set an “overweight” rating for the company in a report on Monday, April 14th.
Royal Bank of Canada set a $986.00 price target on shares of ServiceNow in a report on Tuesday, March 11th. UBS Group reduced their price target on shares of ServiceNow from $1,250.
00 to $1,000.00 and set a “buy” rating on the stock in a research report on Tuesday, March 11th. Morgan Stanley dropped their price objective on shares of ServiceNow from $960.
00 to $881.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Citigroup reduced their target price on ServiceNow from $1,426.
00 to $1,082.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,032.94.
Check Out Our Latest Stock Report on NOWServiceNow Stock PerformanceNYSE:NOW opened at $946.08 on Thursday. The firm has a market capitalization of $195.
84 billion, a PE ratio of 138.52, a price-to-earnings-growth ratio of 4.51 and a beta of 1.
08. The company has a quick ratio of 1.10, a current ratio of 1.
10 and a debt-to-equity ratio of 0.15. ServiceNow has a 12-month low of $637.
99 and a 12-month high of $1,198.09. The firm has a 50-day moving average price of $838.
68 and a 200 day moving average price of $967.51. ServiceNow (NYSE:NOW – Get Free Report) last issued its earnings results on Wednesday, January 29th.
The information technology services provider reported $3.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.67.
ServiceNow had a return on equity of 17.11% and a net margin of 12.97%.
Research analysts anticipate that ServiceNow will post 8.93 earnings per share for the current fiscal year. ServiceNow announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 29th that permits the company to repurchase $3.
00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 1.3% of its stock through open market purchases.
Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued. Insider Buying and SellingIn related news, CEO William R. Mcdermott sold 1,263 shares of the firm’s stock in a transaction on Monday, February 10th.
The stock was sold at an average price of $1,019.10, for a total transaction of $1,287,123.30.
Following the sale, the chief executive officer now owns 2,595 shares of the company’s stock, valued at approximately $2,644,564.50. This trade represents a 32.
74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Vice Chairman Nicholas Tzitzon sold 2,945 shares of the business’s stock in a transaction dated Tuesday, February 25th.
The shares were sold at an average price of $923.72, for a total value of $2,720,355.40.
Following the completion of the transaction, the insider now directly owns 3,649 shares of the company’s stock, valued at approximately $3,370,654.28. The trade was a 44.
66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,250 shares of company stock valued at $19,853,273 in the last 90 days.
0.38% of the stock is owned by insiders. Hedge Funds Weigh In On ServiceNowSeveral institutional investors have recently modified their holdings of the business.
Union Bancaire Privee UBP SA bought a new position in ServiceNow in the fourth quarter valued at approximately $48,802,000. Dock Street Asset Management Inc. lifted its position in ServiceNow by 3.
4% in the 4th quarter. Dock Street Asset Management Inc. now owns 33,154 shares of the information technology services provider’s stock valued at $35,147,000 after acquiring an additional 1,105 shares in the last quarter.
Cardano Risk Management B.V. acquired a new position in ServiceNow in the 4th quarter worth $105,090,000.
Rheos Capital Works Inc. bought a new position in ServiceNow during the 4th quarter worth about $10,071,000. Finally, Czech National Bank raised its stake in shares of ServiceNow by 6.
7% in the 4th quarter. Czech National Bank now owns 44,793 shares of the information technology services provider’s stock valued at $47,486,000 after purchasing an additional 2,829 shares during the period. Institutional investors own 87.
18% of the company’s stock. ServiceNow Company Profile (Get Free Report)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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