ServiceNow Inc (NYSE:NOW) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $202.72 and last traded at $199.87, with a volume of 63715 shares traded. The stock had previously closed at $198.23.

Several equities research analysts have recently issued reports on the stock. Northland Securities reissued a “buy” rating and set a $200.00 target price on shares of ServiceNow in a research note on Thursday, July 26th. BMO Capital Markets increased their target price on shares of ServiceNow from $177.00 to $205.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. JMP Securities upped their price target on shares of ServiceNow to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, July 26th. Royal Bank of Canada restated a “buy” rating and set a $205.00 price target on shares of ServiceNow in a research report on Thursday, July 26th. Finally, Morgan Stanley upped their price target on shares of ServiceNow from $172.00 to $198.00 and gave the stock an “overweight” rating in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $197.54.

The firm has a market cap of $35.05 billion, a P/E ratio of -190.36, a PEG ratio of 46.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.28 and a current ratio of 1.28.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 25th. The information technology services provider reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.06. The company had revenue of $631.05 million during the quarter, compared to the consensus estimate of $616.68 million. ServiceNow had a negative net margin of 4.16% and a negative return on equity of 7.48%. ServiceNow’s quarterly revenue was up 40.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. research analysts expect that ServiceNow Inc will post 0.16 earnings per share for the current year.

In other news, Director Frederic B. Luddy sold 32,500 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $189.93, for a total value of $6,172,725.00. Following the completion of the sale, the director now owns 282,383 shares of the company’s stock, valued at approximately $53,633,003.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald E. F. Codd sold 39,506 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $185.88, for a total transaction of $7,343,375.28. Following the completion of the sale, the director now directly owns 53,428 shares of the company’s stock, valued at approximately $9,931,196.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,498 shares of company stock valued at $35,423,214. 1.60% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of NOW. Alpha Windward LLC purchased a new stake in shares of ServiceNow in the 2nd quarter valued at approximately $102,000. Three Peaks Capital Management LLC purchased a new stake in shares of ServiceNow in the 1st quarter valued at approximately $113,000. IHT Wealth Management LLC grew its stake in shares of ServiceNow by 66.7% in the 1st quarter. IHT Wealth Management LLC now owns 750 shares of the information technology services provider’s stock valued at $121,000 after buying an additional 300 shares during the period. Adviser Investments LLC purchased a new stake in shares of ServiceNow in the 1st quarter valued at approximately $166,000. Finally, Signaturefd LLC purchased a new stake in shares of ServiceNow in the 1st quarter valued at approximately $202,000. 95.80% of the stock is owned by institutional investors and hedge funds.

ServiceNow Company Profile (NYSE:NOW)

ServiceNow, Inc engages in the provision of enterprise cloud computing solutions. It offers customer and facilities service management, orchestration core, service mapping, cloud and portfolio management, edge encryption, performance analytics, service portal designer, visual task boards, and configuration management database.

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