ServiceNow (NYSE:NOW) Shares Scheduled to Split on Friday, December 5th

Shares of ServiceNow, Inc. (NYSE:NOW) are scheduled to split on Friday, December 5th. The 5-1 split was announced on Wednesday, October 29th. The newly issued shares will be issued to shareholders after the market closes on Thursday, December 4th.

ServiceNow Stock Down 2.1%

NOW opened at $818.10 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The stock has a market cap of $170.17 billion, a PE ratio of 98.92, a P/E/G ratio of 4.11 and a beta of 0.94. The business’s fifty day simple moving average is $910.56 and its 200 day simple moving average is $947.36. ServiceNow has a 52 week low of $678.66 and a 52 week high of $1,198.09.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, October 29th. The information technology services provider reported $4.82 EPS for the quarter, beating the consensus estimate of $4.21 by $0.61. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. ServiceNow had a return on equity of 19.23% and a net margin of 13.66%.The company’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $3.72 EPS. As a group, research analysts expect that ServiceNow will post 8.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lowered their target price on ServiceNow from $1,160.00 to $1,150.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Barclays raised their price objective on shares of ServiceNow from $1,210.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Canaccord Genuity Group restated a “buy” rating and set a $1,120.00 target price on shares of ServiceNow in a report on Thursday, October 30th. JMP Securities reiterated a “market outperform” rating and issued a $1,300.00 price target on shares of ServiceNow in a research note on Monday, August 4th. Finally, Needham & Company LLC boosted their price target on ServiceNow from $1,050.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,159.66.

Insider Buying and Selling at ServiceNow

In related news, General Counsel Russell S. Elmer sold 62 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $852.38, for a total transaction of $52,847.56. Following the completion of the transaction, the general counsel directly owned 4,332 shares in the company, valued at approximately $3,692,510.16. The trade was a 1.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William R. Mcdermott sold 5,825 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $916.63, for a total value of $5,339,369.75. Following the completion of the sale, the chief executive officer owned 6,614 shares of the company’s stock, valued at $6,062,590.82. The trade was a 46.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 7,330 shares of company stock worth $6,688,244. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ServiceNow

Several large investors have recently made changes to their positions in NOW. Kilter Group LLC purchased a new position in shares of ServiceNow in the second quarter valued at $25,000. IAG Wealth Partners LLC raised its position in ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 18 shares during the period. Bogart Wealth LLC lifted its stake in shares of ServiceNow by 93.8% during the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 15 shares during the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of ServiceNow during the third quarter valued at $29,000. Finally, Global X Japan Co. Ltd. bought a new position in ServiceNow in the 2nd quarter worth about $30,000. 87.18% of the stock is owned by institutional investors.

ServiceNow Company Profile

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.