Integrated Wealth Concepts LLC Buys 71,093 Shares of ServiceNow, Inc. $NOW

Integrated Wealth Concepts LLC grew its position in ServiceNow, Inc. (NYSE:NOW - Free Report) by 42.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 238,407 shares of the information technology services provider's stock after purchasing an additional 71,093 shares during the period. Integrated Wealth Concepts LLC's holdings in ServiceNow were worth $23,669,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in ServiceNow by 9,980.9% during the 2nd quarter. California State Teachers Retirement System now owns 154,496,061 shares of the information technology services provider's stock valued at $15,338,369,000 after purchasing an additional 152,963,494 shares during the last quarter. BlackRock Inc. bought a new stake in ServiceNow during the second quarter worth about $9,536,615,000. State Street Corp increased its holdings in shares of ServiceNow by 406.6% during the fourth quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider's stock worth $7,337,280,000 after buying an additional 38,441,898 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of ServiceNow by 371.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider's stock worth $4,962,692,000 after buying an additional 25,517,218 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of ServiceNow by 404.8% in the fourth quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider's stock valued at $3,591,425,000 after acquiring an additional 18,854,775 shares during the last quarter. Institutional investors own 87.18% of the company's stock.

ServiceNow Price Performance

NOW opened at $131.04 on Thursday. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $194.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The company's 50 day simple moving average is $119.24 and its 200-day simple moving average is $108.56. The stock has a market capitalization of $135.50 billion, a P/E ratio of 81.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.97.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.86 by $0.04. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the business posted $0.81 earnings per share. ServiceNow's revenue for the quarter was up 24.0% compared to the same quarter last year. Sell-side analysts anticipate that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other news, Director Paul Chamberlain sold 2,700 shares of ServiceNow stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the completion of the sale, the director directly owned 43,990 shares of the company's stock, valued at approximately $5,960,645. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Fipps sold 2,034 shares of the business's stock in a transaction 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 sale, the insider owned 18,305 shares of the company's stock, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 14,081 shares of company stock worth $1,937,904. Insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NOW. Wells Fargo & Company reissued an "overweight" rating and issued a $175.00 target price (up from $160.00) on shares of ServiceNow in a report on Wednesday, August 12th. CLSA assumed coverage on ServiceNow in a report on Monday, July 20th. They set an "underperform" rating and a $72.00 price target for the company. Citic Securities cut their price objective on ServiceNow from $168.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. TD Cowen reissued a "buy" rating and issued a $140.00 price objective on shares of ServiceNow in a research note on Monday, August 17th. Finally, Truist Financial increased their target price on ServiceNow from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, ServiceNow currently has an average rating of "Moderate Buy" and an average target price of $144.73.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Stronger competitive positioning: ServiceNow’s acquisition of Sweep is intended to sharpen its challenge to Salesforce by expanding workflow and customer-management capabilities. The deal could support broader platform adoption and strengthen ServiceNow’s AI strategy. ServiceNow Sharpens Its Salesforce Attack With Sweep Acquisition
• Positive Sentiment: Analyst price-target increase: BTIG raised its target for NOW to $170 from $150 and maintained a “Buy” rating, signaling confidence in the company’s growth prospects and potential upside. BTIG Raises ServiceNow Price Target
• Positive Sentiment: AI growth narrative remains intact: Recent analysis highlights strong subscription growth, expanding enterprise demand and ServiceNow’s ability to outperform the broader “SaaSpocalypse” fears surrounding AI disruption. The company’s Q2 revenue also rose about 24% year over year, according to the provided background. ServiceNow: A Gem Beating The SaaSpocalypse Narrative
• Positive Sentiment: Industry recognition and ecosystem support: ServiceNow was named a finalist for an AFP Pinnacle Award, while Deloitte was recognized as a leader in ServiceNow implementation services. These developments reinforce the platform’s enterprise credibility and partner ecosystem. Finalists Named for the AFP 2026 Pinnacle Awards
• Neutral Sentiment: Management commentary is in focus: ServiceNow’s Goldman Sachs Communacopia + Technology Conference appearance may provide investors with additional details on AI monetization, customer demand and the Sweep acquisition, but the supplied transcript listing contains no specific new guidance. ServiceNow Presents at Goldman Sachs Conference
• Negative Sentiment: Valuation and execution risks remain: Analysts note that stiff competition, possible margin pressure and a premium valuation could limit further gains after the stock’s recent rally. ServiceNow Jumps 25% in 3 Months
• Negative Sentiment: Insider selling may weigh on sentiment: The provided data shows seven insider sales and no purchases over the past six months, potentially raising caution about near-term valuation despite the company’s operational momentum.

ServiceNow Profile

ServiceNow, Inc is a cloud-based enterprise software company that provides digital workflow and automation solutions. Its Now Platform enables organizations to manage and connect business processes across information technology, customer service, human resources, finance, legal operations and other departments.

The company's products and services include IT service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance management, strategic portfolio management and application development tools.

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