ServiceNow (NOW) Scheduled to Post Earnings on Wednesday

ServiceNow (NYSE:NOW) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect ServiceNow to post earnings of $3.15 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 24th. The information technology services provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.40 billion. ServiceNow had a return on equity of 11.85% and a net margin of 19.30%. ServiceNow’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. On average, analysts expect ServiceNow to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

ServiceNow Stock Up 1.2 %

ServiceNow stock opened at $744.64 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $152.93 billion, a price-to-earnings ratio of 88.54, a price-to-earnings-growth ratio of 4.86 and a beta of 0.97. ServiceNow has a fifty-two week low of $427.68 and a fifty-two week high of $815.32. The stock’s fifty day moving average is $768.63 and its two-hundred day moving average is $700.17.

Analysts Set New Price Targets

NOW has been the topic of a number of research reports. UBS Group raised their price objective on ServiceNow from $885.00 to $920.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird boosted their price objective on ServiceNow from $780.00 to $870.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Barclays boosted their price objective on ServiceNow from $765.00 to $870.00 and gave the company an “overweight” rating in a research report on Tuesday, January 23rd. Truist Financial boosted their price objective on ServiceNow from $700.00 to $750.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Finally, BMO Capital Markets boosted their target price on ServiceNow from $630.00 to $850.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $780.00.

Insider Activity at ServiceNow

In other news, insider Paul John Smith sold 1,795 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the completion of the sale, the insider now owns 994 shares in the company, valued at approximately $776,373.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Paul John Smith sold 1,795 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $781.06, for a total transaction of $1,402,002.70. Following the completion of the transaction, the insider now directly owns 994 shares in the company, valued at approximately $776,373.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William R. Mcdermott sold 5,030 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $753.08, for a total transaction of $3,787,992.40. Following the completion of the transaction, the chief executive officer now owns 17,177 shares of the company’s stock, valued at $12,935,655.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,164 shares of company stock valued at $9,940,303. 0.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ServiceNow

Institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of ServiceNow during the fourth quarter valued at approximately $872,202,000. Moneta Group Investment Advisors LLC lifted its stake in shares of ServiceNow by 69,897.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 856,069 shares of the information technology services provider’s stock valued at $332,386,000 after buying an additional 854,846 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in ServiceNow by 129.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 994,367 shares of the information technology services provider’s stock worth $386,082,000 after purchasing an additional 560,908 shares in the last quarter. Vanguard Group Inc. lifted its stake in ServiceNow by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 18,118,773 shares of the information technology services provider’s stock worth $12,800,732,000 after purchasing an additional 364,992 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of ServiceNow by 19.4% in the 2nd quarter. Alliancebernstein L.P. now owns 2,135,621 shares of the information technology services provider’s stock worth $1,200,155,000 after buying an additional 347,442 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

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.