Ossiam Increases Stock Holdings in ServiceNow, Inc. $NOW

Key Points

• Ossiam boosted its stake in ServiceNow by 38.3% in Q3, adding 8,902 shares to hold 32,158 shares worth about $29.59 million at the end of the period.
• Multiple large institutions also increased positions—notably Victory Capital added 341,037 shares (a 49.3% rise)—and institutions collectively own about 87.18% of ServiceNow's stock.
• Sentiment is mixed: ServiceNow launched AI partnerships targeting regulated workflows (supporting revenue diversification), but investor concerns, insider selling and CEO comments on AI disruption have created near‑term uncertainty while analysts maintain a Moderate Buy consensus with a $192.06 average price target.

Ossiam boosted its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 38.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,158 shares of the information technology services provider's stock after acquiring an additional 8,902 shares during the period. Ossiam's holdings in ServiceNow were worth $29,594,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NOW. Sei Investments Co. lifted its holdings in ServiceNow by 7.1% in the third quarter. Sei Investments Co. now owns 396,517 shares of the information technology services provider's stock worth $364,903,000 after buying an additional 26,241 shares during the period. Victory Capital Management Inc. grew its holdings in shares of ServiceNow by 49.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,033,496 shares of the information technology services provider's stock worth $951,106,000 after acquiring an additional 341,037 shares during the period. Employees Retirement System of Texas grew its holdings in shares of ServiceNow by 33.7% during the 3rd quarter. Employees Retirement System of Texas now owns 95,569 shares of the information technology services provider's stock worth $87,950,000 after acquiring an additional 24,077 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ServiceNow by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 326,046 shares of the information technology services provider's stock worth $300,073,000 after acquiring an additional 16,543 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of ServiceNow by 5.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 359,216 shares of the information technology services provider's stock valued at $331,188,000 after purchasing an additional 18,387 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow announced new AI partnerships (Aiva Health, Cohesity, Prismforce) aimed at regulated, mission‑critical workflows (healthcare bedside voice AI, resilient data agents, workforce intelligence). These deals support revenue diversification into regulated verticals and bolster ServiceNow’s enterprise AI positioning. ServiceNow AI Partnerships Test Mission Critical Role In Regulated Workflows
• Positive Sentiment: A Seeking Alpha piece argues ServiceNow’s enterprise “stickiness” and embedded workflows should protect recurring revenue after AI integration, supporting a longer‑term view on retention and upsell potential. ServiceNow: Enterprise Stickiness Will Not Be Threatened After AI Integration
• Neutral Sentiment: Vendors across identity verification are moving into high‑assurance solutions—an adjacent trend that could increase demand for secure, regulated workflow platforms but also brings new competitors and standards to navigate. Vendors push deeper into high assurance identity verification
• Neutral Sentiment: Analysis highlighting Salesforce’s data moat underscores competitive pressures in enterprise workflow software—an industry context investors watch when sizing ServiceNow’s defensibility versus larger incumbents. Biel: Salesforce’s transaction data gives it real competitive protection
• Negative Sentiment: An investor letter from Emerald Wealth Partners flagged AI disruption concerns specifically hurting ServiceNow, signaling that some institutional investors are trimming exposure amid uncertainty over how AI will alter demand and margins. AI Disruption Concerns Hurt ServiceNow (NOW)
• Negative Sentiment: ServiceNow CEO Bill McDermott warned that AI agents could materially change labor markets and corporate hiring/cost dynamics—comments that reinforce investor worries about demand volatility and cost‑cutting cycles across customers. AI agents could easily send college grad unemployment over 30%, ServiceNow CEO says
• Negative Sentiment: Sector weakness showed in UiPath’s post‑earnings drop, illustrating how AI fears and execution misses can depress multiples across automation and workflow software — a headwind for ServiceNow’s valuation in the near term. UiPath Stock Drops After Earnings. Why the Software Play Can’t Outrun AI Fears.

Wall Street Analyst Weigh In

NOW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft set a $180.00 price target on ServiceNow in a research report on Thursday, January 29th. KeyCorp decreased their price objective on ServiceNow from $155.00 to $115.00 and set an "underweight" rating for the company in a report on Thursday, January 29th. Needham & Company LLC reissued a "buy" rating and set a $155.00 price objective on shares of ServiceNow in a research report on Thursday, February 5th. Stifel Nicolaus set a $180.00 target price on shares of ServiceNow and gave the stock a "buy" rating in a research report on Thursday, January 29th. Finally, UBS Group set a $115.00 price target on shares of ServiceNow in a research note on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.06.

Insider Transactions at ServiceNow

In related news, insider Paul Fipps sold 9,641 shares of the stock in a transaction on 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 sale, the insider directly owned 11,757 shares of the company's stock, valued at $1,245,419.01. This trade represents a 45.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider owned 26,314 shares of the company's stock, valued at $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,237 shares of company stock worth $1,697,162 over the last quarter. 0.34% of the stock is currently owned by insiders.

ServiceNow Trading Up 0.5%

NYSE:NOW opened at $113.51 on Friday. The stock has a market cap of $118.73 billion, a price-to-earnings ratio of 68.05, a PEG ratio of 1.91 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. The company's 50 day moving average price is $119.25 and its 200-day moving average price is $155.36. ServiceNow, Inc. has a 52 week low of $98.00 and a 52 week high of $211.48.

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

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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