Mendel Money Management Purchases 13,000 Shares of ServiceNow, Inc. $NOW

Key Points

• Mendel Money Management increased its stake in ServiceNow by 611.5% in Q4, buying 13,000 shares to hold 15,126 shares valued at $2.317 million at quarter‑end.
• Several large institutions (Nordea, Sumitomo Mitsui, Alphinity, Wellcome Trust, SG Americas) made multi‑million share purchases during the quarter, leaving institutional investors with 87.18% ownership of the company.
• ServiceNow beat Q1 revenue and EPS and completed the $7.75B Armis acquisition while expanding Google Cloud AI partnerships, but management warned of Middle East deal delays, softer margin/guidance and a ~30% jump in short interest that have weighed on the stock despite a "Moderate Buy" consensus.

Mendel Money Management increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 611.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,126 shares of the information technology services provider's stock after purchasing an additional 13,000 shares during the quarter. Mendel Money Management's holdings in ServiceNow were worth $2,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of ServiceNow by 388.7% during the 4th quarter. Nordea Investment Management AB now owns 4,706,164 shares of the information technology services provider's stock worth $720,325,000 after buying an additional 3,743,087 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in 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 worth $398,202,000 after purchasing an additional 2,064,440 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its holdings in ServiceNow by 402.9% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,246,957 shares of the information technology services provider's stock worth $344,211,000 after purchasing an additional 1,800,113 shares in the last quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST increased its holdings in ServiceNow by 400.0% in the 4th quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST now owns 2,250,000 shares of the information technology services provider's stock worth $344,678,000 after purchasing an additional 1,800,000 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in ServiceNow by 11,128.7% in the 4th quarter. SG Americas Securities LLC now owns 1,805,467 shares of the information technology services provider's stock worth $276,579,000 after purchasing an additional 1,789,388 shares in the last quarter. Institutional investors own 87.18% of the company's stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Company fundamentals and AI traction remain supportive — ServiceNow beat revenue/earnings views for Q1 and highlighted accelerating AI product adoption (Now Assist / AI agents) that management says will drive long‑term growth. ServiceNow Reports First Quarter 2026 Financial Results
• Positive Sentiment: Strategic moves boost the product and security stack — ServiceNow closed the $7.75B Armis acquisition (extends security capabilities) and deepened Google Cloud AI partnerships, which support cross‑sell and AI workflow positioning. Armis acquisition Google Cloud partnership
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed buy/overweight ratings (some even raised PTs), but many cut targets after the quarter; consensus still leaves upside from current levels, reflecting disagreement over near‑term vs. long‑term outlook. Analyst coverage
• Negative Sentiment: Geopolitical deal delays hit near‑term growth — Management said Middle East conflict delayed several large deal closings (≈75 bps revenue headwind in Q1), and that pushed investors to downgrade near‑term growth expectations. Middle East deal delays
• Negative Sentiment: Margin and guidance concerns — Investors focused on acquisition costs (Armis) and a softer margin outlook/full‑year subscription guidance that many viewed as disappointing, triggering the sector‑wide selloff. Margin/guidance coverage
• Negative Sentiment: Short interest jumped — Short interest rose ~30% in April to ~38.95M shares (~3.8% of shares), increasing potential downside pressure and volatility if bearish sentiment persists.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NOW. DA Davidson lowered their target price on ServiceNow from $220.00 to $190.00 and set a "buy" rating for the company in a report on Thursday. Wolfe Research set a $125.00 target price on ServiceNow in a report on Thursday. Barclays started coverage on ServiceNow in a report on Thursday. They issued an "overweight" rating and a $132.00 target price for the company. Canaccord Genuity Group decreased their price target on ServiceNow from $200.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $135.00 price target (down from $175.00) on shares of ServiceNow in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, ServiceNow has a consensus rating of "Moderate Buy" and a consensus price target of $146.65.

ServiceNow Stock Up 6.3%

Shares of ServiceNow stock opened at $90.09 on Friday. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $211.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 1.00. The stock's 50-day moving average is $104.84 and its 200 day moving average is $137.81. The firm has a market cap of $93.34 billion, a price-to-earnings ratio of 53.69, a PEG ratio of 1.42 and a beta of 1.01.

ServiceNow (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting the consensus estimate of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the prior year, the company earned $0.81 EPS. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that ServiceNow, Inc. will post 2.49 EPS for the current year.

Insider Activity at ServiceNow

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of the company's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the sale, the insider owned 26,314 shares in the company, 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 the SEC website. 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 value of $376,141.92. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,237 shares of company stock worth $1,697,162 in the last 90 days. Corporate insiders own 0.34% of the company's stock.

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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