Piper Jaffray Companies reiterated their hold rating on shares of ServiceNow, Inc. (NYSE:NOW) in a research note published on Friday morning.

A number of other equities analysts also recently weighed in on the company. TheStreet raised ServiceNow from a d rating to a c- rating in a research report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a hold rating and set a $110.00 price target (up previously from $93.00) on shares of ServiceNow in a research report on Thursday, July 27th. Cowen and Company reaffirmed an outperform rating and set a $123.00 price target (up previously from $110.00) on shares of ServiceNow in a research report on Thursday, July 27th. Raymond James Financial, Inc. upped their price target on ServiceNow from $110.00 to $126.00 and gave the stock a strong-buy rating in a research report on Thursday, July 27th. Finally, Barclays PLC upped their price target on ServiceNow from $120.00 to $126.00 and gave the stock an overweight rating in a research report on Thursday, July 27th. Eight research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $114.76.

ServiceNow (NYSE:NOW) opened at 110.29 on Friday. The company’s market cap is $18.80 billion. The company’s 50-day moving average is $107.13 and its 200 day moving average is $95.72. ServiceNow has a 12 month low of $71.25 and a 12 month high of $115.85.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 26th. The information technology services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. ServiceNow had a negative return on equity of 30.72% and a negative net margin of 10.17%. The firm had revenue of $471.70 million during the quarter, compared to the consensus estimate of $462.11 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The business’s revenue was up 38.2% on a year-over-year basis. Equities analysts forecast that ServiceNow will post $1.17 earnings per share for the current fiscal year.

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In other news, insider John J. Donahoe acquired 11,236 shares of the stock in a transaction on Tuesday, May 9th. The shares were purchased at an average price of $98.05 per share, for a total transaction of $1,101,689.80. Following the transaction, the insider now directly owns 5,618 shares of the company’s stock, valued at $550,844.90. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO John J. Donahoe acquired 5,618 shares of the stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $97.93 per share, for a total transaction of $550,170.74. Following the transaction, the chief executive officer now directly owns 5,618 shares in the company, valued at $550,170.74. The disclosure for this purchase can be found here. Insiders have sold a total of 581,673 shares of company stock worth $61,196,746 in the last quarter. Company insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. boosted its position in ServiceNow by 29.2% in the second quarter. Cornerstone Advisors Inc. now owns 1,085 shares of the information technology services provider’s stock valued at $115,000 after buying an additional 245 shares during the last quarter. Global X Management Co. LLC boosted its position in ServiceNow by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,407 shares of the information technology services provider’s stock valued at $123,000 after buying an additional 330 shares during the last quarter. Hartford Financial Management Inc. purchased a new position in ServiceNow during the first quarter valued at $125,000. TLP Group LLC purchased a new position in ServiceNow during the first quarter valued at $131,000. Finally, Crow Point Partners LLC boosted its position in ServiceNow by 8.8% in the second quarter. Crow Point Partners LLC now owns 1,320 shares of the information technology services provider’s stock valued at $140,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 97.50% of the company’s stock.

About ServiceNow

ServiceNow, Inc is provider of enterprise cloud computing solutions that define, structure, manage and automate services for global enterprises. The Company offers a set of cloud-based services that automate workflow within and between departments in an enterprise. It provides workflow solutions, and focuses on service management for customer support, human resources, security operations and other enterprise departments.

Analyst Recommendations for ServiceNow (NYSE:NOW)

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