ServiceNow Stock Scheduled to Split on Thursday, December 18th (NYSE:NOW)

ServiceNow, Inc. (NYSE:NOW) shares are going to split before the market opens on Thursday, December 18th. The 5-1 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Wednesday, December 17th.

ServiceNow Trading Up 0.1%

NYSE:NOW opened at $854.39 on Wednesday. ServiceNow has a 12 month low of $678.66 and a 12 month high of $1,198.09. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $876.61 and its 200 day moving average is $927.91. The stock has a market capitalization of $177.71 billion, a PE ratio of 103.31, a price-to-earnings-growth ratio of 3.56 and a beta of 0.97.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, October 29th. The information technology services provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.21 by $0.61. ServiceNow had a return on equity of 18.74% and a net margin of 13.66%.The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same period in the prior year, the company earned $3.72 earnings per share. ServiceNow’s revenue was up 21.8% compared to the same quarter last year. Sell-side analysts expect that ServiceNow will post 8.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOW has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of ServiceNow in a report on Wednesday, October 8th. Barclays increased their target price on shares of ServiceNow from $1,210.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $1,200.00 price target on shares of ServiceNow in a research report on Monday, October 27th. Stifel Nicolaus set a $1,150.00 price objective on shares of ServiceNow in a report on Thursday, October 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,200.00 price objective on shares of ServiceNow in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,149.67.

Insider Activity at ServiceNow

In other news, CFO Gina Mastantuono sold 415 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $850.00, for a total value of $352,750.00. Following the transaction, the chief financial officer owned 12,228 shares of the company’s stock, valued at $10,393,800. This represents a 3.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Fipps sold 305 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $817.55, for a total transaction of $249,352.75. Following the sale, the insider owned 541 shares in the company, valued at approximately $442,294.55. This trade represents a 36.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,062 shares of company stock valued at $2,533,585 in the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NOW. Vanguard Group Inc. increased its position in shares of ServiceNow by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,210,924 shares of the information technology services provider’s stock valued at $18,599,709,000 after purchasing an additional 315,861 shares during the last quarter. State Street Corp boosted its stake in ServiceNow by 1.4% in the third quarter. State Street Corp now owns 9,454,699 shares of the information technology services provider’s stock worth $8,700,970,000 after buying an additional 131,080 shares in the last quarter. Geode Capital Management LLC grew its position in ServiceNow by 2.0% during the second quarter. Geode Capital Management LLC now owns 4,574,563 shares of the information technology services provider’s stock valued at $4,684,445,000 after acquiring an additional 88,057 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of ServiceNow by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,843,117 shares of the information technology services provider’s stock worth $2,263,519,000 after acquiring an additional 188,292 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of ServiceNow in the 2nd quarter worth approximately $2,589,235,000. Institutional investors own 87.18% of the company’s stock.

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.