ServiceNow, Inc. (NYSE:NOW) Director Frederic B. Luddy sold 48,790 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $124.37, for a total transaction of $6,068,012.30. Following the sale, the director now owns 400 shares of the company’s stock, valued at $49,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
ServiceNow, Inc. (NYSE NOW) traded down $9.04 during midday trading on Monday, hitting $113.62. The stock had a trading volume of 3,975,155 shares, compared to its average volume of 1,586,010. ServiceNow, Inc. has a 12 month low of $73.66 and a 12 month high of $130.05. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.66 and a quick ratio of 1.66.
ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, October 25th. The information technology services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.06. ServiceNow had a negative return on equity of 22.11% and a negative net margin of 8.68%. The business had revenue of $498.20 million during the quarter, compared to the consensus estimate of $491.62 million. During the same quarter last year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 39.3% on a year-over-year basis. sell-side analysts forecast that ServiceNow, Inc. will post -0.35 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Swiss National Bank increased its position in shares of ServiceNow by 3.1% in the second quarter. Swiss National Bank now owns 606,600 shares of the information technology services provider’s stock worth $64,300,000 after purchasing an additional 18,200 shares during the period. Allen Investment Management LLC bought a new position in shares of ServiceNow in the second quarter worth $45,372,000. Rockefeller Financial Services Inc. bought a new position in shares of ServiceNow in the third quarter worth $138,000. Utah Retirement Systems increased its position in shares of ServiceNow by 6.3% in the second quarter. Utah Retirement Systems now owns 30,600 shares of the information technology services provider’s stock worth $3,243,000 after purchasing an additional 1,800 shares during the period. Finally, British Airways Pensions Investment Management Ltd increased its position in shares of ServiceNow by 84.5% in the third quarter. British Airways Pensions Investment Management Ltd now owns 218,243 shares of the information technology services provider’s stock worth $25,643,000 after purchasing an additional 99,938 shares during the period.
NOW has been the subject of a number of analyst reports. Robert W. Baird restated a “buy” rating and issued a $120.00 price objective on shares of ServiceNow in a research note on Friday, September 1st. Northland Securities restated a “buy” rating and issued a $135.00 price objective on shares of ServiceNow in a research note on Thursday, October 19th. Deutsche Bank boosted their target price on shares of ServiceNow from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Mizuho reissued a “buy” rating and issued a $140.00 price target on shares of ServiceNow in a report on Wednesday, October 25th. Finally, Bank of America boosted their price target on shares of ServiceNow from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-nine have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $130.50.
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ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.
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