1 week Ago By ABMN Staff
ServiceNow, Inc. ( NYSE:NOW – Free Report ) – Cantor Fitzgerald upped their FY2025 EPS estimates for ServiceNow in a research report issued on Thursday, April 24th. Cantor Fitzgerald analyst T.
Blakey now anticipates that the information technology services provider will post earnings of $9.18 per share for the year, up from their prior estimate of $8.94.
Cantor Fitzgerald has a “Overweight” rating and a $1,048.00 price target on the stock. The consensus estimate for ServiceNow’s current full-year earnings is $8.
93 per share. Several other research firms have also weighed in on NOW. Morgan Stanley lifted their target price on ServiceNow from $881.
00 to $950.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays set a $969.
00 price objective on ServiceNow in a report on Thursday. Jefferies Financial Group dropped their target price on shares of ServiceNow from $1,250.00 to $1,025.
00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Bank of America cut their price target on shares of ServiceNow from $1,280.00 to $1,025.
00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus set a $975.00 price objective on shares of ServiceNow and gave the stock a “buy” rating in a research report on Thursday.
One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $1,032.
94. ServiceNow Trading Up 0.8 % Shares of NYSE NOW opened at $946.
08 on Monday. ServiceNow has a twelve month low of $637.99 and a twelve month high of $1,198.
09. The stock has a market cap of $195.84 billion, a price-to-earnings ratio of 138.
52, a P/E/G ratio of 4.51 and a beta of 1.08.
The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.
15. The company’s fifty day moving average is $838.68 and its 200-day moving average is $967.
87. ServiceNow declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 29th that authorizes the company to repurchase $3.00 billion in shares.
This repurchase authorization authorizes the information technology services provider to buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Insiders Place Their Bets In other news, insider Jacqueline P. Canney sold 354 shares of the company’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $804.
61, for a total transaction of $284,831.94. Following the completion of the sale, the insider now directly owns 3,027 shares in the company, valued at approximately $2,435,554.
47. This represents a 10.47 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, CEO William R. Mcdermott sold 1,263 shares of the firm’s stock in a transaction on Monday, February 10th.
The stock was sold at an average price of $1,019.10, for a total value of $1,287,123.30.
Following the completion of the transaction, the chief executive officer now owns 2,595 shares in the company, valued at $2,644,564.50. The trade was a 32.
74 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 20,250 shares of company stock worth $19,853,273 in the last quarter.
Corporate insiders own 0.38% of the company’s stock. Institutional Trading of ServiceNow A number of institutional investors and hedge funds have recently made changes to their positions in the company.
GAMMA Investing LLC lifted its position in shares of ServiceNow by 87,501.3% during the 1st quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider’s stock worth $2,141,108,000 after buying an additional 2,686,291 shares during the last quarter.
Norges Bank acquired a new position in ServiceNow during the fourth quarter worth about $2,603,360,000. Proficio Capital Partners LLC lifted its holdings in shares of ServiceNow by 154,255.3% in the fourth quarter.
Proficio Capital Partners LLC now owns 666,815 shares of the information technology services provider’s stock worth $667,000 after acquiring an additional 666,383 shares during the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in shares of ServiceNow in the 4th quarter valued at approximately $682,468,000. Finally, Price T Rowe Associates Inc.
MD grew its holdings in shares of ServiceNow by 6.8% during the 4th quarter. Price T Rowe Associates Inc.
MD now owns 7,955,924 shares of the information technology services provider’s stock valued at $8,434,235,000 after purchasing an additional 509,467 shares during the last quarter. Institutional investors 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. Featured Articles Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.
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