ServiceNow, Inc. (NYSE:NOW) Given Consensus Rating of “Moderate Buy” by Brokerages

ServiceNow, Inc. (NYSE:NOW) has received a consensus rating of “Moderate Buy” from the forty-two analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, thirty-six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $143.3902.

Several research analysts have recently commented on NOW shares. Citizens Jmp restated a “market outperform” rating and set a $157.00 price target on shares of ServiceNow in a research note on Tuesday, May 5th. Citigroup reaffirmed a “market outperform” rating on shares of ServiceNow in a research note on Thursday, July 23rd. Guggenheim raised shares of ServiceNow from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research report on Wednesday, July 1st. DA Davidson set a $170.00 target price on ServiceNow and gave the company a “buy” rating in a report on Monday, July 20th. Finally, BMO Capital Markets boosted their price target on ServiceNow from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd.

Insider Activity

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total value of $1,482,352.30. Following the sale, the director owned 30,090 shares of the company’s stock, valued at $2,712,312.60. This trade represents a 35.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Fipps sold 1,048 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the completion of the sale, the insider owned 12,072 shares in the company, valued at approximately $1,189,212.72. The trade was a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 18,993 shares of company stock valued at $1,716,436. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On ServiceNow

Large investors have recently modified their holdings of the stock. Wealth Watch Advisors INC bought a new stake in ServiceNow during the 3rd quarter worth approximately $29,000. Kelleher Financial Advisors bought a new position in ServiceNow in the 3rd quarter valued at $50,000. Pin Oak Investment Advisors Inc. boosted its stake in ServiceNow by 20.7% in the third quarter. Pin Oak Investment Advisors Inc. now owns 134 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 23 shares in the last quarter. Jupiter Wealth Management LLC acquired a new position in ServiceNow in the second quarter worth $154,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 135 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Price Performance

NOW opened at $124.91 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow has a 1 year low of $81.24 and a 1 year high of $194.73. The stock has a fifty day moving average price of $106.73 and a 200 day moving average price of $105.86. The stock has a market cap of $129.16 billion, a price-to-earnings ratio of 78.07, a PEG ratio of 2.06 and a beta of 0.94.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm’s revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. Analysts forecast that ServiceNow will post 2.24 EPS for the current fiscal year.

ServiceNow Company Profile

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.