ServiceNow, Inc. $NOW Shares Purchased by Impax Asset Management Group plc

Key Points

• Impax Asset Management boosted its ServiceNow stake by 407.2% in Q4, acquiring 477,057 shares to hold 594,210 shares worth about $91.0M (≈0.06% of the company).
• ServiceNow beat Q1 revenue and EPS with revenue up 22.1% and is expanding AI/security (closed the $7.75B Armis acquisition and deepened Google Cloud AI ties), but investors fret over acquisition costs, softer guidance/margins and Middle East deal delays; consensus rating is Moderate Buy with an average target of $146.65.
• The stock trades well below its 52‑week high—opened at $90.09 with a market cap of $93.3B and a PE of 53.7—and rising short interest (≈30% in April) increases potential downside risk.

Impax Asset Management Group plc boosted its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 407.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 594,210 shares of the information technology services provider's stock after acquiring an additional 477,057 shares during the quarter. Impax Asset Management Group plc owned 0.06% of ServiceNow worth $91,027,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NOW. IAG Wealth Partners LLC increased its position in ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after acquiring an additional 18 shares during the period. Noble Wealth Management PBC increased its position in shares of ServiceNow by 400.0% during the 4th quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 128 shares during the period. Lodestone Wealth Management LLC acquired a new position in shares of ServiceNow during the 4th quarter valued at $26,000. Albion Financial Group UT increased its position in shares of ServiceNow by 400.0% during the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider's stock valued at $26,000 after purchasing an additional 136 shares during the period. Finally, Avion Wealth increased its position in shares of ServiceNow by 256.0% during the 4th quarter. Avion Wealth now owns 178 shares of the information technology services provider's stock valued at $27,000 after purchasing an additional 128 shares during the period. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp set a $85.00 price target on ServiceNow and gave the company an "underweight" rating in a research report on Thursday. Benchmark assumed coverage on ServiceNow in a research report on Wednesday, April 1st. They set a "buy" rating and a $125.00 price target on the stock. Cantor Fitzgerald lowered their price target on ServiceNow to $122.00 and set an "overweight" rating on the stock in a research report on Thursday. Argus lowered their price target on ServiceNow from $180.00 to $134.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Barclays assumed coverage on ServiceNow in a research report on Thursday. They set an "overweight" rating and a $132.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $146.65.

Trending Headlines about ServiceNow

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.

ServiceNow Stock Performance

NOW opened at $90.09 on Friday. The firm has a market cap of $93.34 billion, a PE ratio of 53.69, a P/E/G ratio of 1.42 and a beta of 1.01. The company has a quick ratio of 1.00, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $104.84 and a 200-day simple moving average of $137.81. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting the consensus estimate of $0.97. The business had revenue of $3.77 billion during 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%.The company's revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. As a group, equities analysts predict that ServiceNow, Inc. will post 2.49 EPS for the current fiscal year.

Insider Transactions at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the firm's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the sale, the director directly owned 46,430 shares of the company's stock, valued at $4,697,323.10. This trade represents a 3.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the firm's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the sale, the insider directly owned 26,314 shares of the company's stock, valued at approximately $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,237 shares of company stock valued at $1,697,162 in the last three months. 0.34% of the stock is currently owned by corporate insiders.

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.

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