Glynn Capital Management LLC Grows Holdings in ServiceNow, Inc. $NOW

Key Points

• Glynn Capital Management increased its ServiceNow stake by 391.3% in the fourth quarter, buying 65,022 more shares and bringing its total to 81,640 shares worth about $12.5 million.
• Institutional ownership remains dominant, with hedge funds and other institutional investors holding 87.18% of ServiceNow’s shares; several other funds also boosted positions sharply during the quarter.
• ServiceNow posted solid quarterly results, reporting EPS of $0.97 in line with estimates and revenue of $3.77 billion, up 22.1% year over year, while analysts still rate the stock a “Moderate Buy” with a consensus target of $141.85.

Glynn Capital Management LLC grew its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 391.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,640 shares of the information technology services provider's stock after buying an additional 65,022 shares during the period. ServiceNow makes up about 4.3% of Glynn Capital Management LLC's holdings, making the stock its 11th biggest holding. Glynn Capital Management LLC's holdings in ServiceNow were worth $12,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Linscomb Wealth Inc. grew its stake in ServiceNow by 437.6% in the 4th quarter. Linscomb Wealth Inc. now owns 21,004 shares of the information technology services provider's stock worth $3,218,000 after buying an additional 17,097 shares in the last quarter. Womack Financial LLC grew its stake in ServiceNow by 400.0% in the 4th quarter. Womack Financial LLC now owns 2,250 shares of the information technology services provider's stock worth $345,000 after buying an additional 1,800 shares in the last quarter. Rothschild Investment LLC grew its stake in ServiceNow by 996.8% in the 4th quarter. Rothschild Investment LLC now owns 6,164 shares of the information technology services provider's stock worth $944,000 after buying an additional 5,602 shares in the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in ServiceNow in the 4th quarter worth approximately $2,574,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in 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 buying an additional 404,303 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

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?

Insider Activity

In related news, insider Paul Fipps sold 1,048 shares of the company's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $98.51, for a total transaction of $103,238.48. Following the completion of the sale, the insider directly owned 12,072 shares in the company, valued at $1,189,212.72. This represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anita M. Sands sold 16,445 shares of the company's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the sale, the director owned 30,090 shares of the company's stock, valued at $2,712,312.60. This represents a 35.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 28,071 shares of company stock valued at $2,529,956. 0.34% of the stock is owned by corporate insiders.

ServiceNow Trading Up 6.3%

NYSE:NOW opened at $108.58 on Friday. The company has a fifty day moving average of $97.84 and a 200 day moving average of $123.73. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $211.48. 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 firm has a market capitalization of $111.95 billion, a P/E ratio of 64.71, a P/E/G ratio of 1.69 and a beta of 0.82.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.75 billion. During the same period in the prior year, the business posted $0.81 EPS. The firm's revenue was up 22.1% compared to the same quarter last year. On average, research analysts predict that ServiceNow, Inc. will post 2.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on NOW shares. Raymond James Financial cut their price target on shares of ServiceNow from $160.00 to $130.00 and set an "outperform" rating for the company in a research note on Thursday, April 23rd. BNP Paribas Exane raised shares of ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 price objective for the company in a research note on Monday, March 16th. UBS Group reaffirmed an "outperform" rating on shares of ServiceNow in a research note on Tuesday. HSBC cut their price objective on shares of ServiceNow from $226.00 to $171.00 and set a "buy" rating for the company in a research note on Thursday, April 16th. Finally, Weiss Ratings cut shares of ServiceNow from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $141.85.

ServiceNow 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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