Integrated Advisors Network LLC Sells 7,126 Shares of ServiceNow, Inc. $NOW

Key Points

• Integrated Advisors Network reduced its ServiceNow position by 15.4%, selling 7,126 shares and retaining 39,242 shares valued at approximately $5.26 million. Institutional investors collectively own 87.18% of the company.
• ServiceNow reported stronger-than-expected quarterly results, with EPS of $0.90 versus the $0.86 consensus and revenue of $3.99 billion, up 24% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and several recent price-target increases, though the stock’s roughly 93.6 P/E ratio and other financial and operational risks could limit upside.

Integrated Advisors Network LLC reduced its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 15.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,242 shares of the information technology services provider's stock after selling 7,126 shares during the period. Integrated Advisors Network LLC's holdings in ServiceNow were worth $5,259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Cornerstone Financial Management LLC raised its position in shares of ServiceNow by 72.8% during the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider's stock valued at $25,000 after buying an additional 107 shares in the last quarter. CrossGen Wealth LLC bought a new stake in ServiceNow during the first quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its stake in ServiceNow by 4,157.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 298 shares of the information technology services provider's stock worth $46,000 after acquiring an additional 291 shares during the last quarter. Marquette Asset Management LLC increased its stake in ServiceNow by 75.0% during the second quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 129 shares during the last quarter. Finally, Kilter Group LLC bought a new stake in ServiceNow during the second quarter worth approximately $31,000. 87.18% of the stock is currently owned by institutional investors.

ServiceNow Stock Performance

ServiceNow stock opened at $149.70 on Wednesday. The company has a 50 day moving average price of $136.01 and a 200-day moving average price of $114.34. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $192.97. The company has a market capitalization of $154.79 billion, a PE ratio of 93.56, a P/E/G ratio of 2.67 and a beta of 0.99.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. ServiceNow's quarterly revenue was up 24.0% on a year-over-year basis. As a group, equities analysts forecast that ServiceNow, Inc. will post 2.22 earnings per share for the current year.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Analyst support and upcoming earnings: BMO Capital Markets named ServiceNow a new Top Pick, while Bernstein raised its price target to $266 and Piper Sandler and TD Cowen also lifted targets. Investors are looking for evidence of continued customer upgrades and AI-driven growth in the third-quarter report expected October 28. These 2 software stocks are new Top Picks at BMO
• Positive Sentiment: AI monetization remains the central catalyst: ServiceNow is expanding zero-code AI-agent tools, governance capabilities and workflow automation across IT, human resources, customer service and other enterprise functions. Its recent quarter showed approximately 24% year-over-year revenue growth, supporting the argument that the company can convert AI demand into higher-margin software sales. ServiceNow Orchestrates AI's Next Act—Can Earnings Deliver?
• Positive Sentiment: Technical momentum is improving: A bullish flag breakout and stronger moving-average structure could support a move through $154, with one forecast identifying a potential path toward $211 if resistance is cleared. ServiceNow Price Forecast: $154 Breakout Could Extend Recovery
• Positive Sentiment: ServiceNow expanded a partnership with Simplify Alpha to develop AI-powered, payer-specific solutions for health insurers, potentially opening another vertical for workflow and automation growth. Simplify Alpha Expands Partnership with ServiceNow
• Neutral Sentiment: ServiceNow was highlighted as a favored name in CNBC’s “Final Trades,” adding visibility among retail and professional investors. CNBC's Final Trades
• Negative Sentiment: Risks include a premium valuation near 93 times trailing earnings, increased short interest, a current ratio below 1.0 and another round of San Diego sales-job cuts. These factors could limit upside if upcoming results fail to justify elevated expectations. ServiceNow cuts San Diego sales jobs

Analyst Upgrades and Downgrades

NOW has been the subject of several analyst reports. Evercore reaffirmed an "outperform" rating on shares of ServiceNow in a research note on Tuesday, October 13th. Oppenheimer reiterated an "outperform" rating and issued a $165.00 target price (up from $140.00) on shares of ServiceNow in a report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft lifted their target price on ServiceNow from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, September 21st. Stifel Nicolaus set a $160.00 target price on ServiceNow and gave the company a "buy" rating in a research report on Tuesday, October 6th. Finally, Piper Sandler increased their price target on ServiceNow from $140.00 to $175.00 and gave the company an "overweight" rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $152.71.

Insiders Place Their Bets

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction on Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the completion of the sale, the insider directly owned 18,305 shares of the company's stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jacqueline Canney sold 7,847 shares of ServiceNow 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 sale, the insider directly owned 30,042 shares of the company's stock, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,081 shares of company stock worth $1,937,904 in the last ninety days. 0.34% of the stock is owned by company insiders.

ServiceNow Company Profile

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.

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.