16,650 Shares in ServiceNow, Inc. $NOW Purchased by SBI Okasan Asset Management Co.Ltd.

Key Points

• SBI Okasan Asset Management opened a new position in ServiceNow, buying 16,650 shares worth about $2.57 million in the fourth quarter.
• Institutional interest in ServiceNow remains strong, with several firms sharply increasing holdings and 87.18% of the stock now owned by institutional investors.
• Despite some insider selling and mixed analyst target cuts, ServiceNow reported Q1 revenue growth of 22.1% and earnings that met expectations, while Wall Street still rates the stock a Moderate Buy.

SBI Okasan Asset Management Co.Ltd. purchased a new position in ServiceNow, Inc. (NYSE:NOW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,650 shares of the information technology services provider's stock, valued at approximately $2,574,000.

Several other institutional investors also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of ServiceNow by 372.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 512,748 shares of the information technology services provider's stock worth $78,548,000 after acquiring an additional 404,303 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in shares of ServiceNow by 408.1% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 246,195 shares of the information technology services provider's stock worth $37,715,000 after acquiring an additional 197,737 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of ServiceNow by 397.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 212,255 shares of the information technology services provider's stock worth $32,515,000 after acquiring an additional 169,560 shares in the last quarter. Savant Capital LLC increased its stake in shares of ServiceNow by 230.4% in the 4th quarter. Savant Capital LLC now owns 9,692 shares of the information technology services provider's stock worth $1,485,000 after acquiring an additional 6,759 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of ServiceNow by 387.7% in the 4th quarter. Moors & Cabot Inc. now owns 45,630 shares of the information technology services provider's stock worth $6,990,000 after acquiring an additional 36,274 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ServiceNow

In related news, insider Jacqueline P. Canney sold 8,927 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $89.60, for a total value of $799,859.20. Following the transaction, the insider owned 29,531 shares of the company's stock, valued at approximately $2,645,977.60. This trade represents a 23.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total transaction of $130,845.00. Following the completion of the transaction, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 28,071 shares of company stock worth $2,529,956. 0.34% of the stock is owned by corporate insiders.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow extended gains as investors viewed the stock as deeply undervalued versus GuruFocus’s GF Value estimate, reinforcing bullish sentiment around the name. A Look at ServiceNow Inc (NOW) After 6.5% Gain -- GF Value $225.42 vs Price $108.73
• Positive Sentiment: Wipro announced a deeper partnership with ServiceNow to automate enterprise workflows and embed agentic AI capabilities, which could support longer-term platform adoption and AI revenue opportunities. Wipro and ServiceNow deepen AI partnership to automate enterprise workflows
• Positive Sentiment: Analyst commentary highlighted ServiceNow’s Q1 results as a sign of resilience, with revenue growth around 22% and earnings meeting expectations, while institutional buying and elevated analyst targets continue to support the stock. ServiceNow (NOW) Stock Analysis: Evaluating the Investment Opportunity
• Neutral Sentiment: Unusually heavy call-option activity suggests traders are positioning for further upside, but it may also reflect short-term speculation rather than fundamental conviction.
• Neutral Sentiment: Several articles focused on ServiceNow’s presentation at a software and AI conference and on broader automation-software comparisons, which appear more informational than immediately market-moving.
• Negative Sentiment: Some coverage flagged rising AI competition and questioned whether ServiceNow can sustain growth, a reminder that investors are still watching how effectively the company defends its AI and enterprise software positioning. Can ServiceNow Sustain Its Growth Amid Rising AI Competition?

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NOW shares. Citic Securities decreased their price target on shares of ServiceNow from $168.00 to $140.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Wells Fargo & Company cut their price objective on shares of ServiceNow from $185.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, April 23rd. Bank of America started coverage on shares of ServiceNow in a research report on Monday, May 18th. They set a "buy" rating and a $130.00 price objective on the stock. The Goldman Sachs Group cut their price objective on shares of ServiceNow from $188.00 to $163.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of ServiceNow from $180.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $141.85.

ServiceNow Stock Performance

Shares of NYSE NOW opened at $108.58 on Friday. The firm's 50-day moving average price is $97.84 and its 200-day moving average price is $123.73. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market cap of $111.95 billion, a PE ratio of 64.71, a PEG ratio of 1.69 and a beta of 0.82. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.97. The firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business's quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. As a group, analysts anticipate that ServiceNow, Inc. will post 2.35 EPS for the current year.

ServiceNow Company Profile

ServiceNow NYSE: NOW is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company's flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.

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