ServiceNow, Inc. $NOW Shares Bought by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co boosted its ServiceNow stake by 408.1% in the fourth quarter, ending with 246,195 shares worth about $37.7 million.
• Other institutional investors also increased their positions, and hedge funds and institutions now own 87.18% of ServiceNow’s stock, signaling strong professional interest in the company.
• ServiceNow recently reported quarterly results that met EPS expectations at $0.97 and slightly beat revenue estimates at $3.77 billion, with revenue up 22.1% year over year.

Ilmarinen Mutual Pension Insurance Co raised its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 408.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 246,195 shares of the information technology services provider's stock after purchasing an additional 197,737 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in ServiceNow were worth $37,715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOW. Jupiter Asset Management Ltd. lifted its stake in ServiceNow by 397.1% in the 4th quarter. Jupiter Asset Management Ltd. now owns 212,255 shares of the information technology services provider's stock valued at $32,515,000 after buying an additional 169,560 shares in the last quarter. Savant Capital LLC raised its holdings in shares of ServiceNow by 230.4% during the fourth quarter. Savant Capital LLC now owns 9,692 shares of the information technology services provider's stock valued at $1,485,000 after acquiring an additional 6,759 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of ServiceNow by 387.7% in the fourth quarter. Moors & Cabot Inc. now owns 45,630 shares of the information technology services provider's stock valued at $6,990,000 after acquiring an additional 36,274 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of ServiceNow by 411.9% in the fourth quarter. Intech Investment Management LLC now owns 46,320 shares of the information technology services provider's stock worth $7,096,000 after acquiring an additional 37,272 shares during the last quarter. Finally, Carnegie Lake Advisors LLC boosted its stake in shares of ServiceNow by 400.0% in the fourth quarter. Carnegie Lake Advisors LLC now owns 4,820 shares of the information technology services provider's stock worth $738,000 after acquiring an additional 3,856 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company's stock.

Insiders Place Their Bets

In related news, Director Paul Edward Chamberlain sold 1,500 shares of the business's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $87.23, for a total value of $130,845.00. Following the sale, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 1,048 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the transaction, the insider directly owned 12,072 shares of the company's stock, valued at approximately $1,189,212.72. This trade represents a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 28,071 shares of company stock worth $2,529,956 over the last ninety days. Company insiders own 0.34% of the company's stock.

ServiceNow Stock Performance

ServiceNow stock opened at $108.58 on Friday. The firm has a 50 day simple moving average of $97.84 and a 200-day simple moving average of $123.73. The stock has a market cap of $111.95 billion, a price-to-earnings ratio of 64.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly 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. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. On average, analysts expect that ServiceNow, Inc. will post 2.35 EPS for the current year.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow extended gains as investors viewed the stock as deeply undervalued versus GuruFocus’s GF Value estimate, reinforcing bullish sentiment around the name. A Look at ServiceNow Inc (NOW) After 6.5% Gain -- GF Value $225.42 vs Price $108.73
• Positive Sentiment: Wipro announced a deeper partnership with ServiceNow to automate enterprise workflows and embed agentic AI capabilities, which could support longer-term platform adoption and AI revenue opportunities. Wipro and ServiceNow deepen AI partnership to automate enterprise workflows
• Positive Sentiment: Analyst commentary highlighted ServiceNow’s Q1 results as a sign of resilience, with revenue growth around 22% and earnings meeting expectations, while institutional buying and elevated analyst targets continue to support the stock. ServiceNow (NOW) Stock Analysis: Evaluating the Investment Opportunity
• Neutral Sentiment: Unusually heavy call-option activity suggests traders are positioning for further upside, but it may also reflect short-term speculation rather than fundamental conviction.
• Neutral Sentiment: Several articles focused on ServiceNow’s presentation at a software and AI conference and on broader automation-software comparisons, which appear more informational than immediately market-moving.
• Negative Sentiment: Some coverage flagged rising AI competition and questioned whether ServiceNow can sustain growth, a reminder that investors are still watching how effectively the company defends its AI and enterprise software positioning. Can ServiceNow Sustain Its Growth Amid Rising AI Competition?

Wall Street Analysts Forecast Growth

NOW has been the subject of several recent research reports. Barclays reissued an "overweight" rating and issued a $134.00 price objective (up from $132.00) on shares of ServiceNow in a research note on Tuesday, May 5th. BNP Paribas Exane raised shares of ServiceNow from a "neutral" rating to an "outperform" rating and set a $140.00 target price for the company in a report on Monday, March 16th. Truist Financial decreased their price target on shares of ServiceNow from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley lowered their price target on shares of ServiceNow from $210.00 to $180.00 and set an "overweight" rating on the stock in a research report on Thursday, April 23rd. Finally, Robert W. Baird cut their price objective on shares of ServiceNow from $125.00 to $118.00 and set an "outperform" rating for the company in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $141.85.

ServiceNow Company 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.

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.