China Universal Asset Management Co. Ltd. Buys 14,614 Shares of ServiceNow, Inc. $NOW

Key Points

• China Universal Asset Management acquired 14,614 ServiceNow shares worth approximately $1.9 million in the third quarter, while institutional investors collectively own 87.18% of the company.
• ServiceNow reported 20.5% year-over-year revenue growth to $4.11 billion, but quarterly EPS of $1.00 fell short of the $1.02 consensus estimate. Shares opened at $105.12, well below their 50-day moving average of $138.71.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $154.50, despite concerns over slower contracted-backlog growth and recent insider selling.

China Universal Asset Management Co. Ltd. purchased a new stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,614 shares of the information technology services provider's stock, valued at approximately $1,902,000.

A number of other hedge funds have also added to or reduced their stakes in NOW. Bank of Nova Scotia grew its position in ServiceNow by 53.3% in the 1st quarter. Bank of Nova Scotia now owns 1,018,036 shares of the information technology services provider's stock worth $106,436,000 after purchasing an additional 353,749 shares in the last quarter. Sapient Capital LLC grew its holdings in ServiceNow by 266.0% during the 2nd quarter. Sapient Capital LLC now owns 77,661 shares of the information technology services provider's stock valued at $7,710,000 after buying an additional 56,444 shares in the last quarter. Meeder Advisory Services Inc. bought a new position in ServiceNow in the 2nd quarter valued at $2,881,000. Vestor Capital LLC boosted its stake in ServiceNow by 38,987.2% during the first quarter. Vestor Capital LLC now owns 122,343 shares of the information technology services provider's stock valued at $12,791,000 after buying an additional 122,030 shares during the period. Finally, Cardano Risk Management B.V. grew its stake in ServiceNow by 6.9% in the 2nd quarter. Cardano Risk Management B.V. now owns 484,785 shares of the information technology services provider's stock worth $48,129,000 after buying an additional 31,119 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

ServiceNow Stock Performance

Shares of NYSE NOW opened at $105.12 on Friday. The firm has a fifty day moving average price of $138.71 and a 200-day moving average price of $115.45. The stock has a market cap of $109.11 billion, a PE ratio of 59.93, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $189.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.70.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.02). The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. ServiceNow's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.82 earnings per share. Equities analysts anticipate that ServiceNow, Inc. will post 2.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NOW shares. Yorkville Ives began coverage on ServiceNow in a research report on Monday, October 5th. They issued an "outperform" rating and a $160.00 price objective for the company. Royal Bank Of Canada set a $165.00 price target on ServiceNow and gave the stock an "outperform" rating in a research report on Thursday. Evercore restated an "outperform" rating on shares of ServiceNow in a research note on Tuesday, October 13th. Canaccord Genuity Group set a $145.00 price objective on ServiceNow in a research report on Thursday. Finally, Mizuho set a $165.00 price objective on ServiceNow in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $154.50.

Insider Activity

In related news, insider Paul Fipps sold 2,034 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the sale, the insider owned 18,305 shares in the company, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline Canney sold 7,847 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the transaction, the insider owned 30,042 shares in the company, valued at approximately $4,145,796. This represents a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 14,081 shares of company stock valued at $1,937,904. 0.34% of the stock is currently owned by company insiders.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported 20.5% year-over-year revenue growth, supported by subscription demand, and raised its 2026 artificial-intelligence contract target to $1.7 billion. Management and bullish analysts argue that AI adoption could accelerate growth in 2027. ServiceNow: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts continue to rate NOW Buy or Overweight despite reducing their price targets. JPMorgan, Piper Sandler, Wells Fargo and Oppenheimer still see substantial long-term upside, suggesting the sell-off may have been excessive. ServiceNow stock is on track for its largest drop on record
• Positive Sentiment: A new partnership with BDO Canada will help organizations govern AI and automate operations using ServiceNow’s platform, providing potential support for future enterprise demand. BDO Canada partners with ServiceNow
• Neutral Sentiment: ServiceNow’s CEO has defended the company’s valuation and long-term opportunity, while a reported $3 million insider stock purchase may signal management confidence. However, such commentary has not offset investor concerns about guidance. ServiceNow CEO makes striking unicorn claim
• Negative Sentiment: The primary catalyst for the sell-off was management’s forecast for slower fourth-quarter current remaining performance obligation growth—about 18.5%, below the approximately 21.5% revenue-growth outlook. Because cRPO represents contracted future revenue, investors viewed the gap as a warning that demand may be weakening. ServiceNow Guides to Slower Backlog Growth
• Negative Sentiment: Third-quarter adjusted earnings of $1.00 per share fell short of the $1.02 consensus estimate. The miss, combined with concerns that AI could disrupt traditional software pricing and demand, overshadowed the revenue beat and higher AI target. ServiceNow shares plunge after earnings
• Negative Sentiment: Investors are also monitoring ServiceNow’s roughly $7.5 billion debt load and rising interest costs, while a shareholder investigation into potential securities-law violations adds reputational and legal uncertainty. ServiceNow’s Debt and Interest Costs Jump

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company's products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.

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