S Bank Fund Management Ltd Raises Holdings in ServiceNow, Inc. $NOW

Key Points

• S Bank Fund Management Ltd boosted its ServiceNow stake by 1,241.9% in Q4, adding 41,804 shares to hold 45,170 shares valued at about $6.92 million.
• ServiceNow reported $0.97 EPS (in line) and $3.77 billion revenue (+22.1% YoY); the stock trades with a market cap around $94.9B and a consensus rating of Moderate Buy with an average price target of $146.35.
• Management launched the AI product Otto and struck partnerships with NVIDIA, Microsoft, FedEx and others, fueling analyst optimism, but valuation and execution concerns (and recent insider selling) pose near‑term risks.

S Bank Fund Management Ltd grew its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 1,241.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,170 shares of the information technology services provider's stock after acquiring an additional 41,804 shares during the quarter. S Bank Fund Management Ltd's holdings in ServiceNow were worth $6,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of ServiceNow by 1.1% during the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider's stock worth $2,919,000 after purchasing an additional 30 shares during the period. Sivia Capital Partners LLC boosted its position in ServiceNow by 4.2% in the second quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider's stock valued at $861,000 after buying an additional 34 shares during the last quarter. United Bank increased its holdings in ServiceNow by 15.5% in the 2nd quarter. United Bank now owns 1,519 shares of the information technology services provider's stock worth $1,562,000 after buying an additional 204 shares during the period. Riggs Asset Managment Co. Inc. raised its position in ServiceNow by 2.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,922 shares of the information technology services provider's stock worth $1,976,000 after buying an additional 42 shares during the last quarter. Finally, Nebula Research & Development LLC raised its position in ServiceNow by 205.1% during the 2nd quarter. Nebula Research & Development LLC now owns 906 shares of the information technology services provider's stock worth $931,000 after buying an additional 609 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Stock Performance

NYSE NOW opened at $92.01 on Wednesday. The stock has a market capitalization of $94.86 billion, a price-to-earnings ratio of 54.83, a PEG ratio of 1.63 and a beta of 0.82. The stock has a 50-day moving average of $103.21 and a 200 day moving average of $133.96. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting the consensus estimate of $0.97. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.ServiceNow's quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. Sell-side analysts anticipate that ServiceNow, Inc. will post 2.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Paul Fipps sold 9,641 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total value of $1,021,271.13. Following the completion of the sale, the insider owned 11,757 shares of the company's stock, valued at approximately $1,245,419.01. The trade was a 45.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jacqueline P. Canney sold 8,927 shares of the business's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $89.60, for a total transaction of $799,859.20. Following the completion of the sale, the insider directly owned 29,531 shares of the company's stock, valued at approximately $2,645,977.60. The trade was a 23.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 25,164 shares of company stock worth $2,497,021. Corporate insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on NOW. FBN Securities dropped their price objective on shares of ServiceNow from $160.00 to $120.00 in a report on Thursday, April 23rd. Arete Research set a $200.00 target price on shares of ServiceNow in a report on Tuesday, January 6th. UBS Group set a $150.00 target price on shares of ServiceNow in a research report on Thursday, April 23rd. TD Cowen reaffirmed a "buy" rating and issued a $140.00 price target on shares of ServiceNow in a report on Thursday, April 23rd. Finally, Oppenheimer set a $130.00 price objective on ServiceNow and gave the company an "outperform" rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $146.35.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Major product push — ServiceNow unveiled "Otto" (a unified enterprise AI experience) and expanded its Autonomous Workforce and AI Control Tower, positioning the platform to sell higher-value, agent-driven workflows across functions. ServiceNow Otto launch
• Positive Sentiment: Partnership momentum — New/expanded partnerships with NVIDIA, Microsoft, FedEx, Lenovo and others tie ServiceNow into enterprise AI stacks and supply‑chain/IT workflows, which should help adoption and drive larger deals. NVIDIA partnership
• Positive Sentiment: New revenue levers — ServiceNow launched Autonomous CRM and Autonomous Security & Risk features that expand addressable spend in customer-facing and security domains, strengthening the path to higher contract values. Autonomous CRM
• Positive Sentiment: Analyst bullishness — Multiple firms raised/affirmed ratings and price targets (Evercore, Barclays, Capital One, BTIG, Citizens JMP, DA Davidson, etc.), and some analysts now argue for >100% upside after the investor/analyst day. That lifts near-term sentiment and trading flows. Barclays raises PT
• Neutral Sentiment: Long-term targets reiterated — Management reiterated aggressive long-term subscription/revenue goals (targeting ~ $30–32B by 2030), supporting the growth narrative but requiring sustained execution to justify current multiples. Revenue by 2030
• Neutral Sentiment: Management messaging on M&A — CEO comments attempted to address investor concerns around ServiceNow’s recent acquisitions (Moveworks, Veza, Armis); the remarks aim to reassure but may not fully remove skepticism about deal timing/valuation. CEO on acquisitions
• Negative Sentiment: Valuation/near-term risk — Wolfe Research trimmed its price target citing some deal delays (e.g., on‑prem projects in the Middle East), a reminder that execution hiccups could pressure the stock even as the AI story is priced in. Wolfe lowers PT

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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