Northwestern Mutual Investment Management Company LLC Grows Stock Holdings in ServiceNow, Inc. $NOW

Key Points

• Northwestern Mutual Investment Management increased its ServiceNow stake by 400% in the fourth quarter, ending with 33,147 shares worth about $5.08 million.
• Institutional ownership remains very high, with hedge funds and other investors holding 87.18% of ServiceNow’s stock, even as some insiders have recently sold shares.
• ServiceNow reported quarterly EPS of $0.97, matching estimates, while revenue rose 22.1% year over year to $3.77 billion; analysts currently rate the stock a Moderate Buy with an average target price of $144.71.

Northwestern Mutual Investment Management Company LLC raised its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 400.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,147 shares of the information technology services provider's stock after purchasing an additional 26,518 shares during the period. Northwestern Mutual Investment Management Company LLC's holdings in ServiceNow were worth $5,078,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. IAG Wealth Partners LLC raised its position in ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in ServiceNow during the third quarter valued at about $29,000. Texas Capital Bancshares Inc TX purchased a new stake in ServiceNow during the third quarter valued at about $37,000. Ameriflex Group Inc. raised its position in ServiceNow by 187.5% during the third quarter. Ameriflex Group Inc. now owns 46 shares of the information technology services provider's stock valued at $42,000 after purchasing an additional 30 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in ServiceNow during the third quarter valued at about $50,000. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insider Transactions at ServiceNow

In related news, insider Paul Fipps sold 9,641 shares of the business's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider owned 11,757 shares in the company, valued at $1,245,419.01. The trade was a 45.06% 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 Jacqueline P. Canney sold 8,927 shares of the business's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $89.60, for a total value of $799,859.20. Following the transaction, the insider owned 29,531 shares in the company, valued at approximately $2,645,977.60. This represents a 23.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,415 shares of company stock worth $2,210,933. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of research reports. Raymond James Financial lowered their price target on ServiceNow from $160.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. BNP Paribas Exane raised ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 price objective on the stock in a research note on Monday, March 16th. Macquarie Infrastructure decreased their price objective on ServiceNow from $172.00 to $140.00 and set a "neutral" rating on the stock in a report on Thursday, January 29th. BTIG Research reissued a "buy" rating and issued a $150.00 target price on shares of ServiceNow in a research note on Monday, May 4th. Finally, Citizens Jmp reissued a "market outperform" rating and issued a $157.00 target price on shares of ServiceNow in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $144.71.

ServiceNow Trading Up 5.1%

NYSE NOW opened at $95.15 on Friday. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $211.48. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $100.52 and a 200-day moving average of $129.07. The firm has a market cap of $98.10 billion, a PE ratio of 56.71, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82.

ServiceNow (NYSE:NOW - Get Free Report) last released its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the company posted $0.81 EPS. ServiceNow's revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 2.35 EPS for the current year.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow and Experian announced a new multi-year global partnership to embed autonomous AI capabilities into workflows such as employee onboarding and third-party risk management, which could deepen platform adoption and expand use cases. Experian Partners With ServiceNow to Scale Trusted Decisioning to Agentic AI
• Positive Sentiment: ServiceNow also expanded AI and automation partnerships with Accenture and FedEx Dataworks, signaling stronger enterprise demand for its workflow platform and potential conversion of pilot projects into full production deployments. ServiceNow AI Partnerships Aim To Turn Pilot Projects Into Core Workflows
• Positive Sentiment: The company completed a $4 billion multi-tranche debt offering, which should improve financing flexibility even though it increases leverage. ServiceNow Completes $4 Billion Multi-Tranche Debt Offering
• Neutral Sentiment: Commentary from analysts highlights ServiceNow’s expanding customer base, 22% subscription revenue growth, and strong remaining performance obligations visibility, reinforcing expectations for continued top-line growth. Can an Expanding Clientele Boost ServiceNow's Top-Line Growth?
• Negative Sentiment: Some market coverage and options activity suggest the stock has been under pressure recently, reflecting lingering concerns about valuation and post-earnings weakness. See ServiceNow Stock Heading Lower? This Trade Profits From Further Downside.

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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