8 hours Ago By ABMN Staff
ServiceNow, Inc. ( NYSE:NOW – Get Free Report ) was up 14.3% on Thursday after Royal Bank of Canada raised their price target on the stock from $975.
00 to $1,060.00. Royal Bank of Canada currently has an outperform rating on the stock.
ServiceNow traded as high as $942.74 and last traded at $929.00.
Approximately 2,578,078 shares were traded during trading, an increase of 73% from the average daily volume of 1,493,953 shares. The stock had previously closed at $812.70.
A number of other equities research analysts have also recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and set a $1,300.00 price target on shares of ServiceNow in a report on Thursday.
Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $1,003.00 price target on shares of ServiceNow in a report on Thursday.
Evercore ISI increased their price objective on shares of ServiceNow from $925.00 to $1,000.00 and gave the stock an “outperform” rating in a report on Thursday.
Raymond James dropped their target price on shares of ServiceNow from $1,200.00 to $1,000.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th.
Finally, Scotiabank boosted their price objective on shares of ServiceNow from $1,050.00 to $1,075.00 and gave the stock a “sector outperform” rating in a research report on Thursday.
One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $1,032.
94. View Our Latest Stock Analysis on NOW Insider Transactions at ServiceNow Institutional Trading of ServiceNow A number of institutional investors have recently modified their holdings of NOW. Vanguard Group Inc.
raised its position in ServiceNow by 1.0% in the 4th quarter. Vanguard Group Inc.
now owns 19,199,258 shares of the information technology services provider’s stock valued at $20,353,517,000 after buying an additional 190,430 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of ServiceNow by 6.
8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,955,924 shares of the information technology services provider’s stock valued at $8,434,235,000 after purchasing an additional 509,467 shares during the last quarter.
FMR LLC lifted its position in shares of ServiceNow by 4.9% in the fourth quarter. FMR LLC now owns 5,878,900 shares of the information technology services provider’s stock worth $6,232,339,000 after purchasing an additional 272,506 shares in the last quarter.
Geode Capital Management LLC grew its position in ServiceNow by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,312,571 shares of the information technology services provider’s stock valued at $4,560,890,000 after purchasing an additional 100,670 shares in the last quarter.
Finally, GAMMA Investing LLC lifted its position in ServiceNow by 87,501.3% during the 1st quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider’s stock worth $2,141,108,000 after buying an additional 2,686,291 shares in the last quarter.
87.18% of the stock is currently owned by institutional investors. ServiceNow Price Performance The company has a debt-to-equity ratio of 0.
15, a quick ratio of 1.10 and a current ratio of 1.10.
The company has a fifty day moving average price of $839.67 and a two-hundred day moving average price of $967.34.
The company has a market cap of $194.53 billion, a P/E ratio of 137.59, a PEG ratio of 4.
51 and a beta of 1.08. ServiceNow ( NYSE:NOW – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 29th.
The information technology services provider reported $3.67 earnings per share for the quarter, hitting the consensus estimate of $3.67.
ServiceNow had a return on equity of 17.11% and a net margin of 12.97%.
On average, sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.
ServiceNow announced that its board has initiated a stock buyback program on Wednesday, January 29th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to repurchase up to 1.
3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued. 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. See Also Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter .
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