ServiceNow, Inc. (NYSE:NOW – Get Free Report) was up 0.9% during trading on Wednesday after Robert W. Baird raised their price target on the stock from $870.00 to $885.00. Robert W. Baird currently has an outperform rating on the stock. ServiceNow traded as high as $721.21 and last traded at $719.90. Approximately 278,474 shares were traded during trading, a decline of 77% from the average daily volume of 1,216,238 shares. The stock had previously closed at $713.33.
A number of other equities research analysts have also recently issued reports on NOW. KeyCorp lowered their price objective on ServiceNow from $1,000.00 to $950.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. UBS Group decreased their price target on ServiceNow from $920.00 to $875.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Jefferies Financial Group upped their price target on ServiceNow from $885.00 to $900.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on ServiceNow from $875.00 to $900.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th. Finally, William Blair reissued an “outperform” rating on shares of ServiceNow in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $807.88.
Read Our Latest Stock Report on NOW
Insider Activity
Hedge Funds Weigh In On ServiceNow
Institutional investors have recently added to or reduced their stakes in the company. Sandbox Financial Partners LLC raised its holdings in ServiceNow by 8.6% in the fourth quarter. Sandbox Financial Partners LLC now owns 835 shares of the information technology services provider’s stock worth $590,000 after purchasing an additional 66 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of ServiceNow by 19.8% during the fourth quarter. Federated Hermes Inc. now owns 300,122 shares of the information technology services provider’s stock valued at $212,033,000 after acquiring an additional 49,631 shares in the last quarter. Raymond James & Associates increased its holdings in shares of ServiceNow by 5.9% during the fourth quarter. Raymond James & Associates now owns 331,406 shares of the information technology services provider’s stock valued at $234,135,000 after acquiring an additional 18,442 shares in the last quarter. Dohj LLC bought a new position in shares of ServiceNow during the fourth quarter valued at $913,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of ServiceNow by 15.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 25,726 shares of the information technology services provider’s stock valued at $18,175,000 after acquiring an additional 3,438 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.
ServiceNow Price Performance
The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average price of $751.22 and a two-hundred day moving average price of $717.54. The stock has a market capitalization of $148.14 billion, a P/E ratio of 77.14, a P/E/G ratio of 4.50 and a beta of 0.98.
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.
Recommended Stories
- Five stocks we like better than ServiceNow
- Using the MarketBeat Dividend Yield Calculator
- Lucid’s Stock Price is Still in Reverse: New Lows Are Coming
- Trading Stocks: RSI and Why it’s Useful
- Generac Powers Ahead on the Electrification Mega-Trend
- What is the S&P 500 and How It is Distinct from Other Indexes
- PulteGroup Wins and Wins More on Interest Rate Cuts
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.com's FREE daily email newsletter.