Legacy Wealth Asset Management LLC Has $1.78 Million Stock Holdings in ServiceNow, Inc. $NOW

Key Points

• Legacy Wealth Asset Management increased its ServiceNow stake by 428.0% in Q4 to 11,610 shares worth about $1.78 million, and several other institutions also meaningfully raised positions as institutional investors now own 87.18% of the stock.
• Wall Street has a consensus rating of "Moderate Buy" with an average price target of $192.61 (several targets much higher), supported by a Q4 earnings beat (EPS $0.92 vs. $0.89) and revenue growth of 20.7% year-over-year.
• Insiders have been net sellers—about 16,237 shares (~$1.7M) sold over the last three months with insider ownership at 0.34%—while the stock remains volatile, trading in a 12‑month range of $98.00 to $211.48 and sporting a PE of ~66.46.

Legacy Wealth Asset Management LLC boosted its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 428.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,610 shares of the information technology services provider's stock after buying an additional 9,411 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in ServiceNow were worth $1,779,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NOW. Avanza Fonder AB grew its holdings in shares of ServiceNow by 401.7% during the 4th quarter. Avanza Fonder AB now owns 71,462 shares of the information technology services provider's stock valued at $10,947,000 after acquiring an additional 57,218 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in ServiceNow by 401.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 22,482 shares of the information technology services provider's stock valued at $3,444,000 after purchasing an additional 17,999 shares in the last quarter. First Heartland Consultants Inc. increased its position in ServiceNow by 594.0% in the 4th quarter. First Heartland Consultants Inc. now owns 3,220 shares of the information technology services provider's stock worth $493,000 after purchasing an additional 2,756 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of ServiceNow by 385.4% during the 4th quarter. Congress Asset Management Co. now owns 847,477 shares of the information technology services provider's stock worth $129,825,000 after purchasing an additional 672,898 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its stake in shares of ServiceNow by 366.5% during the 4th quarter. Capital Asset Advisory Services LLC now owns 1,978 shares of the information technology services provider's stock worth $294,000 after purchasing an additional 1,554 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NOW shares. Robert W. Baird set a $175.00 price target on ServiceNow in a research note on Thursday, January 29th. Canaccord Genuity Group set a $200.00 price objective on shares of ServiceNow in a research report on Thursday, January 29th. Piper Sandler reiterated an "overweight" rating on shares of ServiceNow in a research note on Thursday, January 29th. HSBC decreased their target price on shares of ServiceNow from $266.40 to $226.00 and set a "buy" rating for the company in a research report on Friday, January 30th. Finally, DA Davidson restated a "buy" rating and set a $220.00 price target on shares of ServiceNow in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, ServiceNow has a consensus rating of "Moderate Buy" and an average price target of $192.61.

ServiceNow Price Performance

NYSE NOW opened at $110.86 on Tuesday. ServiceNow, Inc. has a twelve month low of $98.00 and a twelve month high of $211.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $115.96 billion, a PE ratio of 66.46, a P/E/G ratio of 1.87 and a beta of 0.99. The stock has a 50-day simple moving average of $115.29 and a 200 day simple moving average of $152.12.

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

Insider Activity

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares of the company's stock, valued at $2,781,652.94. This represents a 5.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Fipps sold 3,696 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $101.77, for a total transaction of $376,141.92. Following the transaction, the insider owned 8,061 shares in the company, valued at approximately $820,367.97. The trade was a 31.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 16,237 shares of company stock valued at $1,697,162. 0.34% of the stock is owned by company insiders.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Management and “smart money” are buying into the weakness — ServiceNow has been repurchasing shares and insiders/large investors see the pullback as an opportunity, which supports the stock. The Smart Money Is Buying the Tech Stocks Retail Investors Are Panic-Selling
• Positive Sentiment: Nvidia CEO Jensen Huang’s vision for ubiquitous AI agents is cited as complementary to ServiceNow’s workflow- and agent-focused platform, reinforcing the company’s long-term TAM narrative. Nvidia's CEO Just Delivered Fantastic News for Investors in This Beaten‑Down AI Stock
• Positive Sentiment: Analyst support: Citizens reaffirmed a Market Outperform rating and a $260 price target, citing ServiceNow’s architecture, customer relationships and an “AI Control Tower” positioning — a bullish institutional signal. Why Citizens Remains Bullish On ServiceNow, Inc. (NOW)
• Positive Sentiment: Platform ecosystem expansion: Novaworks launched an AI-native HCM (Total Workforce Management) built on ServiceNow and raised $8M with participation from ServiceNow Ventures — a sign of platform-driven monetization opportunities. Novaworks AI HR Platform Expands ServiceNow Total Workforce Narrative
• Positive Sentiment: Customer traction: Coforge deployed ServiceNow’s AI-led HR platform to modernize employee experience, demonstrating continued enterprise demand and real-world AI deployments. Coforge deploys ServiceNow’s AI-led HR platform to modernise employee experience
• Neutral Sentiment: Comparisons to peers (MongoDB) highlight differing growth visibility and monetization pace — useful for relative valuation debates but not an immediate catalyst. MongoDB vs. ServiceNow: Which AI Software Stock Has Greater Upside?
• Neutral Sentiment: Company strategy piece: coverage on ServiceNow’s “billion‑dollar bet” to address AI anxiety explains management’s heavier investment to reassure customers — potential upside if it restores confidence, but execution and timing are uncertain. ServiceNow's Billion-Dollar Bet to Counter AI Anxiety
• Negative Sentiment: Broader SaaS/AI sell-off remains a headwind: several commentaries note that NOW has been swept into a sector-wide decline, pressuring the multiple despite improving fundamentals — a key near-term risk for the stock. Why I'm Buying ServiceNow Stock While Everyone Else Is Panicking About AI Disruption

About ServiceNow

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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