AMI Asset Management Corp Acquires 140,463 Shares of ServiceNow, Inc. $NOW

Key Points

• AMI Asset Management Corp increased its stake in ServiceNow by 366.6% in Q4, buying 140,463 shares to hold 178,774 shares worth about $27.39 million (1.6% of AMI’s portfolio).
• Other institutions also piled in—most notably Sumitomo Mitsui Trust, which added ~2,064,440 shares to hold 2,599,397 shares (~$398.2M)—and overall institutional ownership stands at about 87.18%.
• Analyst views are mixed with several price-target cuts and downgrades but an average MarketBeat rating of "Moderate Buy" and an average target of $186.30, while the stock trades well below that level amid valuation and AI-execution concerns.

AMI Asset Management Corp grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 366.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 178,774 shares of the information technology services provider's stock after buying an additional 140,463 shares during the period. ServiceNow makes up 1.6% of AMI Asset Management Corp's investment portfolio, making the stock its 24th largest holding. AMI Asset Management Corp's holdings in ServiceNow were worth $27,386,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NOW. Cohen Klingenstein LLC raised its position in ServiceNow by 400.0% in the 4th quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider's stock valued at $1,532,000 after buying an additional 8,000 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in ServiceNow by 385.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider's stock valued at $398,202,000 after buying an additional 2,064,440 shares during the last quarter. Focus Financial Network Inc. raised its position in ServiceNow by 286.1% in the 4th quarter. Focus Financial Network Inc. now owns 53,650 shares of the information technology services provider's stock valued at $8,219,000 after buying an additional 39,756 shares during the last quarter. Telos Capital Management Inc. raised its position in ServiceNow by 706.0% in the 4th quarter. Telos Capital Management Inc. now owns 50,940 shares of the information technology services provider's stock valued at $7,803,000 after buying an additional 44,620 shares during the last quarter. Finally, CCLA Investment Management raised its position in ServiceNow by 420.3% in the 4th quarter. CCLA Investment Management now owns 546,685 shares of the information technology services provider's stock valued at $83,724,000 after buying an additional 441,604 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NOW has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on ServiceNow from $216.00 to $188.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. Macquarie Infrastructure decreased their target price on ServiceNow from $172.00 to $140.00 and set a "neutral" rating for the company in a research report on Thursday, January 29th. Stifel Nicolaus decreased their target price on ServiceNow from $180.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. DZ Bank raised ServiceNow to a "strong-buy" rating in a research report on Thursday, December 18th. Finally, Mizuho decreased their target price on ServiceNow from $210.00 to $190.00 and set an "outperform" rating for the company in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $186.30.

ServiceNow Trading Up 7.4%

Shares of NOW opened at $89.13 on Tuesday. The business has a 50-day moving average of $106.70 and a 200 day moving average of $142.82. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48. The firm has a market cap of $92.36 billion, a P/E ratio of 53.44, a price-to-earnings-growth ratio of 1.39 and a beta of 1.01. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. As a group, research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Qlik partnership strengthens ServiceNow’s AI/data story by bringing “trusted enterprise context” into AI-powered workflows—could boost product differentiation and adoption if integrated successfully. Qlik and ServiceNow Partner to Bring Trusted Enterprise Context into AI-Powered Workflows
• Positive Sentiment: Coverage noting a $100 price target frames some institutional investors as defending the stock against AI-disruption fears—signals pockets of investor conviction that could limit downside. ServiceNow's $100 Price Target: Institutional Bet Defies AI Disruption Fears
• Neutral Sentiment: RBC lowered its price target from $150 to $121 but kept an “outperform” rating—reduces near-term valuation support but still implies substantial upside from current levels. RBC Adjusts Price Target on ServiceNow to $121 from $150; Maintains Outperform Rating
• Negative Sentiment: UBS cut NOW to Neutral—a direct downgrade that typically pressures the stock as model/projections are reweighted. ServiceNow NYSE: NOW Cut to Neutral at UBS Group
• Negative Sentiment: Analyst commentary and op-eds argue ServiceNow still trades richly versus peers and that a valuation correction may not be over—heightens selling pressure on momentum and growth expectations. ServiceNow: Still Trading Richly Above Peers, Correction Is Far From Over
• Negative Sentiment: Coverage highlights Wall Street skepticism about ServiceNow’s AI pivot—narrative risk for a stock trading at premium multiples if investors doubt execution or competitive position. ServiceNow's AI Pivot Meets Wall Street's Skepticism
• Negative Sentiment: News aggregators flagged NOW among recent large-cap losers amid macro concerns, AI competition and analyst downgrades—reinforces short-term downward momentum. Cloudflare, ServiceNow, And Guardant Health Are Among Top 10 Large-Cap Losers Last Week
• Negative Sentiment: Reports noted a sizeable intraday share drop tied to analyst downgrades—evidence that negative broker moves are directly moving the tape. ServiceNow NYSE: NOW Shares Down 7.6% After Analyst Downgrade

Insiders Place Their Bets

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

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.

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.