ServiceNow (NYSE:NOW) Given Buy Rating at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of ServiceNow (NYSE:NOWFree Report) in a research report report published on Tuesday morning, Benzinga reports. The firm currently has a $820.00 target price on the information technology services provider’s stock.

Other analysts also recently issued reports about the company. Robert W. Baird upped their price objective on ServiceNow from $870.00 to $885.00 and gave the stock an outperform rating in a research report on Tuesday, May 7th. Morgan Stanley upped their price objective on ServiceNow from $814.00 to $830.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. UBS Group dropped their price objective on ServiceNow from $920.00 to $875.00 and set a buy rating for the company in a research report on Thursday, April 25th. Wells Fargo & Company upped their price objective on ServiceNow from $875.00 to $900.00 and gave the stock an overweight rating in a research report on Tuesday, April 16th. Finally, StockNews.com downgraded ServiceNow from a buy rating to a hold rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, ServiceNow has a consensus rating of Moderate Buy and a consensus target price of $813.28.

View Our Latest Report on NOW

ServiceNow Stock Performance

NYSE:NOW opened at $794.11 on Tuesday. The stock has a fifty day moving average price of $727.88 and a 200-day moving average price of $742.00. The company has a market cap of $162.79 billion, a price-to-earnings ratio of 84.58, a PEG ratio of 4.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. ServiceNow has a fifty-two week low of $527.24 and a fifty-two week high of $815.32.

ServiceNow (NYSE:NOWGet Free Report) last released its earnings results on Wednesday, April 24th. The information technology services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.41. The firm had revenue of $2.60 billion during the quarter, compared to the consensus estimate of $2.59 billion. ServiceNow had a return on equity of 13.59% and a net margin of 20.34%. As a group, equities analysts anticipate that ServiceNow will post 6.5 EPS for the current fiscal year.

Insider Activity

In other ServiceNow news, insider Christopher Bedi sold 215 shares of ServiceNow stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the sale, the insider now directly owns 15,892 shares in the company, valued at $11,124,400. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other ServiceNow news, insider Christopher Bedi sold 215 shares of ServiceNow stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $700.00, for a total value of $150,500.00. Following the completion of the sale, the insider now directly owns 15,892 shares in the company, valued at $11,124,400. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul John Smith sold 125 shares of ServiceNow stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $727.38, for a total value of $90,922.50. Following the completion of the sale, the insider now owns 3,112 shares of the company’s stock, valued at $2,263,606.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,530 shares of company stock valued at $3,997,012. Company insiders own 0.25% of the company’s stock.

Institutional Investors Weigh In On ServiceNow

Hedge funds have recently added to or reduced their stakes in the company. Marcum Wealth LLC boosted its position in shares of ServiceNow by 2.8% during the second quarter. Marcum Wealth LLC now owns 632 shares of the information technology services provider’s stock valued at $497,000 after buying an additional 17 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of ServiceNow by 4.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 9,854 shares of the information technology services provider’s stock valued at $7,752,000 after buying an additional 453 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of ServiceNow by 26.2% during the second quarter. GAMMA Investing LLC now owns 1,761 shares of the information technology services provider’s stock valued at $1,385,000 after buying an additional 366 shares during the last quarter. Davis Capital Management purchased a new position in shares of ServiceNow during the second quarter valued at approximately $55,000. Finally, Transcend Capital Advisors LLC purchased a new position in shares of ServiceNow during the second quarter valued at approximately $1,645,000. Institutional investors and hedge funds 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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