November 30, 2016 - By Winifred Garcia · 0 Comments
Servicenow Inc (NYSE:NOW) institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.03, from 1.14 in 2016Q1. The ratio increased, as 162 funds opened new and increased stock positions, while 142 sold and trimmed stakes in Servicenow Inc. The funds in our partner’s database now have: 156.31 million shares, down from 160.50 million shares in 2016Q1. Also, the number of funds holding Servicenow Inc in their top 10 stock positions increased from 5 to 9 for an increase of 4. Sold All: 41 Reduced: 101 Increased: 112 New Position: 50.
ServiceNow, Inc. is a provider of cloud solutions that define, structure, manage and automate services across the global enterprise. The company has a market cap of $13.50 billion. The Firm provides cloud service management and business management solutions that address the needs of various departments within an enterprise, including information technology , human resources (HR), facilities, field service, marketing, customer service, security, legal and finance. It currently has negative earnings. 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 stock closed at $83.42 during the last session. It is down 14.04% since April 27, 2016 and is uptrending. It has outperformed by 8.81% the S&P500.
Analysts await ServiceNow Inc (NYSE:NOW) to report earnings on January, 25. They expect $-0.10 earnings per share, up 47.37% or $0.09 from last year’s $-0.19 per share. After $-0.15 actual earnings per share reported by ServiceNow Inc for the previous quarter, Wall Street now forecasts -33.33% EPS growth.
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.”
Shearlink Capital Llc holds 10.96% of its portfolio in ServiceNow Inc for 379,227 shares. Dragoneer Investment Group Llc owns 492,427 shares or 8.28% of their US portfolio. Moreover, Scge Management L.P. has 6.68% invested in the company for 325,000 shares. The California-based Criterion Capital Management Llc has invested 6.48% in the stock. Allen Operations Llc, a New York-based fund reported 52,200 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 25 selling transactions for $129.52 million net activity.
Ratings analysis reveals 81% of ServiceNow Inc’s analysts are positive. Out of 21 Wall Street analysts rating ServiceNow Inc, 17 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $65 while the high is $100. The stock’s average target of $85.65 is 2.67% above today’s ($83.42) share price. NOW was included in 34 notes of analysts from July 21, 2015. The firm has “Buy” rating by Mizuho given on Friday, January 22. The firm has “Buy” rating by Argus Research given on Thursday, April 14. The stock has “Outperform” rating given by Macquarie Research on Tuesday, April 26. The stock of ServiceNow Inc (NYSE:NOW) earned “Top Pick” rating by RBC Capital Markets on Thursday, January 28. As per Thursday, September 15, the company rating was initiated by Guggenheim. The firm earned “Buy” rating on Thursday, July 30 by Brean Capital. The stock of ServiceNow Inc (NYSE:NOW) earned “Buy” rating by UBS on Thursday, July 30. The stock of ServiceNow Inc (NYSE:NOW) has “Buy” rating given on Thursday, October 27 by Wunderlich. The rating was maintained by William Blair with “Buy” on Tuesday, August 25. The stock of ServiceNow Inc (NYSE:NOW) earned “Equal Weight” rating by CapitalOne on Tuesday, December 29.
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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By Winifred Garcia