The stock of ServiceNow Inc (NYSE:NOW) is a huge mover today! About 478,004 shares traded hands. ServiceNow Inc (NYSE:NOW) has risen 32.63% since March 8, 2016 and is uptrending. It has outperformed by 23.32% the S&P500.
The move comes after 5 months positive chart setup for the $13.32B company. It was reported on Oct, 11 by Barchart.com. We have $95.33 PT which if reached, will make NYSE:NOW worth $2.66B more.
Analysts await ServiceNow Inc (NYSE:NOW) to report earnings on October, 19. They expect $-0.10 EPS, up 50.00% or $0.10 from last year’s $-0.2 per share. After $-0.25 actual EPS reported by ServiceNow Inc for the previous quarter, Wall Street now forecasts -60.00% EPS growth.
ServiceNow Inc (NYSE:NOW) Ratings Coverage
Out of 21 analysts covering ServiceNow Inc (NYSE:NOW), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. ServiceNow Inc has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of ServiceNow Inc (NYSE:NOW) earned “Outperform” rating by Cowen & Co on Friday, June 24. The stock has “Buy” rating given by Brean Capital on Thursday, July 30. Robert W. Baird maintained it with “Outperform” rating and $75 target price in Thursday, April 21 report. The rating was initiated by CapitalOne with “Equal Weight” on Tuesday, December 29. On Friday, April 1 the stock rating was reinitiated by Piper Jaffray with “Overweight”. The firm earned “Neutral” rating on Thursday, January 28 by Mizuho. The firm has “Buy” rating given on Friday, January 22 by Mizuho. As per Thursday, September 15, the company rating was initiated by Guggenheim. The stock of ServiceNow Inc (NYSE:NOW) earned “Buy” rating by BTIG Research on Thursday, September 10. As per Tuesday, September 20, the company rating was initiated by BMO Capital Markets.
According to Zacks Investment Research, “ServiceNow, Inc. provides cloud-based services that automate enterprise IT operations. The Company’s service includes a suite of applications built on its platform that automates workflow and integrates related business processes. It focuses on transforming enterprise IT by automating and standardizing business processes and consolidating IT across the global enterprise. ServiceNow, Inc. is based in San Diego, California.”
Insitutional Activity: The institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.24, from 0.9 in 2016Q1. The ratio is positive, as 41 funds sold all ServiceNow Inc shares owned while 101 reduced positions. 50 funds bought stakes while 112 increased positions. They now own 156.31 million shares or 2.61% less from 160.50 million shares in 2016Q1.
Credit Suisse Ag last reported 209,820 shares in the company. Nordea Investment Mngmt, a Sweden-based fund reported 3,479 shares. Hsbc Hldgs Public Lc reported 40,423 shares or 0.01% of all its holdings. Westend Capital Mgmt Limited Liability Com accumulated 23,605 shares or 2.27% of the stock. Plante Moran Finance Advsr Ltd Liability Com has 61 shares for 0% of their US portfolio. Mizuho Asset Coltd has 0.03% invested in the company for 2,272 shares. Schroder Mngmt Gp accumulated 0.01% or 47,680 shares. Columbus Circle Investors last reported 0.66% of its portfolio in the stock. Wfg Advisors Limited Partnership owns 201 shares or 0% of their US portfolio. Avalon Global Asset Management Lc has 103,500 shares for 3.97% of their US portfolio. The Connecticut-based Cubist Systematic Strategies Limited Com has invested 0.15% in ServiceNow Inc (NYSE:NOW). Polar Cap Llp reported 168,538 shares or 0.21% of all its holdings. Neuberger Berman Group Ltd Company has 0.03% invested in the company for 273,807 shares. Next Fincl Grp holds 3 shares or 0% of its portfolio. Wolverine Asset Management Limited Liability Company accumulated 0.05% or 45,599 shares.
Insider Transactions: Since April 13, 2016, the stock had 0 buys, and 24 insider sales for $92.07 million net activity. Shares for $12.58M were sold by LUDDY FREDERIC B on Monday, August 22. Another trade for 10,000 shares valued at $772,000 was made by STRAUSS WILLIAM L on Tuesday, September 6. McGee Daniel also sold $698,700 worth of ServiceNow Inc (NYSE:NOW) on Friday, August 5. Schneider David sold $272,025 worth of ServiceNow Inc (NYSE:NOW) on Friday, August 5. Slootman Frank also sold $11.25 million worth of ServiceNow Inc (NYSE:NOW) shares.
Another recent and important ServiceNow Inc (NYSE:NOW) news was published by Businesswire.com which published an article titled: “ServiceNow to Announce Third Quarter 2016 Financial Results on October 26” on October 03, 2016.
NOW Company Profile
ServiceNow, Inc., incorporated on February 16, 2012, is a well-known provider of cloud solutions that define, structure, manage and automate services across the global enterprise. The Firm provides cloud service management and business management solutions that address the needs of various departments within an enterprise, including information technology (IT), human resources (HR), facilities, field service, marketing, customer service, security, legal and finance. The Company’s service management solutions are built on the Company’s platform that also allows clients to create, by themselves or with its partners, their own service-oriented applications for use in departments across the enterprise. The Firm markets its services to enterprises in a range of industries, including financial services, consumer products, IT services, healthcare and technology. It sells solutions primarily through direct sales and through indirect channel sales. The Firm also provides a portfolio of professional services to customers. It also provides a suite of IT activities management (ITOM) solutions that manages visibility of business services and infrastructure with a single system of record. It delivers software applications through the Internet as a service. The Firm has approximately eight paired data centers on over five continents. The Firm provides its services from data centers located in Australia, Brazil, Canada, Hong Kong, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States.
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