Advisors Capital Management LLC Purchases 42,062 Shares of ServiceNow, Inc. $NOW

Key Points

• Advisors Capital Management LLC boosted its ServiceNow stake by 443.3% in Q4, buying 42,062 shares to hold 51,550 shares valued at about $7.90 million.
• ServiceNow beat Q1 revenue and EPS estimates (revenue $3.77B, +22.1% YoY) and is accelerating AI product adoption while closing the $7.75B Armis acquisition and deepening Google Cloud ties, though margin and guidance concerns have weighed on the stock.
• Insiders have sold 16,237 shares (~$1.7M) in the last 90 days and now own 0.34% of shares, while institutional ownership stands at 87.18% and short interest has jumped ~30%, indicating mixed sentiment and potential near‑term volatility.

Advisors Capital Management LLC increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 443.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,550 shares of the information technology services provider's stock after purchasing an additional 42,062 shares during the quarter. Advisors Capital Management LLC's holdings in ServiceNow were worth $7,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC boosted its holdings in shares of ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 18 shares in the last quarter. Noble Wealth Management PBC increased its holdings in ServiceNow by 400.0% during the 4th quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 128 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in ServiceNow during the 4th quarter valued at $26,000. Albion Financial Group UT raised its position in ServiceNow by 400.0% in the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 136 shares during the last quarter. Finally, Avion Wealth raised its position in ServiceNow by 256.0% in the 4th quarter. Avion Wealth now owns 178 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 9,641 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the completion of the sale, the insider owned 11,757 shares in the company, valued at approximately $1,245,419.01. The trade was a 45.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the transaction, the insider directly owned 26,314 shares in the company, valued at approximately $2,781,652.94. This trade represents a 5.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 16,237 shares of company stock worth $1,697,162 over the last ninety days. Company insiders own 0.34% of the company's stock.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company fundamentals and AI traction remain supportive — ServiceNow beat revenue/earnings views for Q1 and highlighted accelerating AI product adoption (Now Assist / AI agents) that management says will drive long‑term growth. ServiceNow Reports First Quarter 2026 Financial Results
• Positive Sentiment: Strategic moves boost the product and security stack — ServiceNow closed the $7.75B Armis acquisition (extends security capabilities) and deepened Google Cloud AI partnerships, which support cross‑sell and AI workflow positioning. Armis acquisition Google Cloud partnership
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed buy/overweight ratings (some even raised PTs), but many cut targets after the quarter; consensus still leaves upside from current levels, reflecting disagreement over near‑term vs. long‑term outlook. Analyst coverage
• Negative Sentiment: Geopolitical deal delays hit near‑term growth — Management said Middle East conflict delayed several large deal closings (≈75 bps revenue headwind in Q1), and that pushed investors to downgrade near‑term growth expectations. Middle East deal delays
• Negative Sentiment: Margin and guidance concerns — Investors focused on acquisition costs (Armis) and a softer margin outlook/full‑year subscription guidance that many viewed as disappointing, triggering the sector‑wide selloff. Margin/guidance coverage
• Negative Sentiment: Short interest jumped — Short interest rose ~30% in April to ~38.95M shares (~3.8% of shares), increasing potential downside pressure and volatility if bearish sentiment persists.

ServiceNow Stock Performance

Shares of NYSE:NOW opened at $90.09 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $211.48. The stock has a market capitalization of $92.88 billion, a P/E ratio of 53.69, a P/E/G ratio of 1.53 and a beta of 1.01. The business has a 50-day moving average price of $104.84 and a two-hundred day moving average price of $137.19.

ServiceNow (NYSE:NOW - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter last year, the firm earned $0.81 EPS. The company's revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts predict that ServiceNow, Inc. will post 2.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NOW has been the topic of several research analyst reports. TD Cowen restated a "buy" rating and set a $140.00 target price on shares of ServiceNow in a report on Thursday. Robert W. Baird cut their price target on ServiceNow from $125.00 to $118.00 and set an "outperform" rating for the company in a report on Thursday. Wolfe Research set a $125.00 price target on shares of ServiceNow in a research report on Thursday. Needham & Company LLC lowered their price objective on shares of ServiceNow from $155.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Oppenheimer set a $130.00 target price on shares of ServiceNow and gave the stock an "outperform" rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.65.

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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