Lynch Asset Management Inc. Has $6.37 Million Stock Holdings in ServiceNow, Inc. $NOW

Key Points

• Lynch Asset Management boosted its stake in ServiceNow by 409.8% in Q4 to 41,575 shares worth about $6.37 million, making NOW ~2.0% of the firm's portfolio and its 12th largest holding.
• Wall Street sentiment is mixed: MarketBeat shows a consensus rating of Moderate Buy with a $186.30 target, but several analysts have recently cut price targets or downgraded the stock.
• ServiceNow posted a quarterly beat (EPS $0.92 vs $0.89; revenue $3.57B, +20.7% YoY) but the stock trades near its one‑year low (~$89), with insiders selling ~16,237 shares (~$1.7M) and institutional ownership at ~87.18%.

Lynch Asset Management Inc. increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 409.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,575 shares of the information technology services provider's stock after buying an additional 33,420 shares during the period. ServiceNow comprises approximately 2.0% of Lynch Asset Management Inc.'s portfolio, making the stock its 12th largest position. Lynch Asset Management Inc.'s holdings in ServiceNow were worth $6,369,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Cohen Klingenstein LLC increased its stake in shares of ServiceNow by 400.0% in the 4th quarter. Cohen Klingenstein LLC now owns 10,000 shares of the information technology services provider's stock valued at $1,532,000 after acquiring an additional 8,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of ServiceNow by 385.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider's stock valued at $398,202,000 after acquiring an additional 2,064,440 shares in the last quarter. Focus Financial Network Inc. increased its stake in shares of ServiceNow by 286.1% in the 4th quarter. Focus Financial Network Inc. now owns 53,650 shares of the information technology services provider's stock valued at $8,219,000 after acquiring an additional 39,756 shares in the last quarter. Telos Capital Management Inc. increased its stake in shares of ServiceNow by 706.0% in the 4th quarter. Telos Capital Management Inc. now owns 50,940 shares of the information technology services provider's stock valued at $7,803,000 after acquiring an additional 44,620 shares in the last quarter. Finally, CCLA Investment Management increased its stake in shares of ServiceNow by 420.3% in the 4th quarter. CCLA Investment Management now owns 546,685 shares of the information technology services provider's stock valued at $83,724,000 after acquiring an additional 441,604 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NOW. Guggenheim upgraded shares of ServiceNow from a "sell" rating to a "neutral" rating in a research note on Tuesday, December 16th. Royal Bank Of Canada lowered their price objective on shares of ServiceNow from $150.00 to $121.00 and set an "outperform" rating for the company in a research note on Monday. BMO Capital Markets decreased their price target on shares of ServiceNow from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Thursday, January 29th. Weiss Ratings restated a "hold (c)" rating on shares of ServiceNow in a research note on Thursday, January 22nd. Finally, Argus upgraded shares of ServiceNow to a "strong-buy" rating in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ServiceNow has a consensus rating of "Moderate Buy" and a consensus target price of $186.30.

Insider Transactions at ServiceNow

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

ServiceNow Stock Performance

NYSE NOW opened at $89.13 on Tuesday. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $92.36 billion, a price-to-earnings ratio of 53.44, a PEG ratio of 1.39 and a beta of 1.01. The company has a fifty day moving average price of $106.70 and a 200-day moving average price of $142.82.

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

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Qlik partnership: ServiceNow announced a strategic tie-up with Qlik to surface governed enterprise data and analytics directly inside ServiceNow workflows and AI-driven processes — a concrete product-level move that strengthens NOW’s positioning as an “enterprise AI” operations hub and could boost long-term revenue/ACV expansion. ServiceNow Qlik Alliance Aims To Make NOW The Enterprise AI Nerve Center
• Positive Sentiment: Sector dip-buying: Broader market flows show investors buying oversold, high-quality SaaS names during a fragile market rebound, which can provide short-term support to NOW despite company-specific headwinds. Cloudflare (NET) Stock Trades Up, Here Is Why
• Neutral Sentiment: Institutional views mixed: Some institutional commentary frames ServiceNow as an attractive long-term bet despite AI concerns, but these views are varied and not uniformly supportive of higher near-term multiples. ServiceNow's $100 Price Target: Institutional Bet Defies AI Disruption Fears
• Negative Sentiment: Analyst price-target cuts and downgrades: Royal Bank of Canada trimmed its price target to $121 (from $150) while keeping an outperform rating; UBS cut NOW to Neutral. These moves reduce institutional support and can amplify selling pressure. RBC Adjusts Price Target on ServiceNow to $121
• Negative Sentiment: Wall Street skepticism on AI pivot and valuation: Multiple recent analyst and opinion pieces argue NOW still trades richly vs. peers and question whether its AI strategy will meaningfully widen margins, keeping downside risk for a correction. ServiceNow: Still Trading Richly Above Peers, Correction Is Far From Over
• Negative Sentiment: Negative media coverage & weekly losses: Commentary highlighting NOW among large-cap software losers (driven by macro concerns, AI competition and downgrades) reinforces short-term selling pressure. Cloudflare, ServiceNow, And Guardant Health Are Among Top 10 Large-Cap Losers Last Week

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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