ServiceNow, Inc. $NOW Shares Purchased by Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna

Key Points

• Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its ServiceNow stake by 535.6% in the fourth quarter, buying 43,317 additional shares and bringing its total to 51,405 shares worth about $7.9 million.
• Wall Street remains broadly positive on ServiceNow, with a consensus rating of “Moderate Buy” and an average price target of $141.85, even as individual analysts issued targets ranging from $115 to $190.
• The stock fell 5.8% to $112.45, despite the company recently reporting quarterly EPS in line with estimates and revenue of $3.77 billion, up 22.1% year over year.

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 535.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,405 shares of the information technology services provider's stock after acquiring an additional 43,317 shares during the quarter. ServiceNow comprises approximately 3.0% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna's holdings, making the stock its 6th largest position. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna's holdings in ServiceNow were worth $7,875,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Meridian Wealth Advisors LLC lifted its stake in ServiceNow by 2.2% in the third quarter. Meridian Wealth Advisors LLC now owns 552 shares of the information technology services provider's stock valued at $508,000 after acquiring an additional 12 shares during the last quarter. Catalyst Financial Partners LLC lifted its stake in ServiceNow by 1.0% in the third quarter. Catalyst Financial Partners LLC now owns 1,270 shares of the information technology services provider's stock valued at $1,169,000 after acquiring an additional 13 shares during the last quarter. JT Stratford LLC lifted its stake in ServiceNow by 3.5% in the third quarter. JT Stratford LLC now owns 385 shares of the information technology services provider's stock valued at $354,000 after acquiring an additional 13 shares during the last quarter. Abbot Financial Management Inc. lifted its stake in ServiceNow by 2.9% in the third quarter. Abbot Financial Management Inc. now owns 502 shares of the information technology services provider's stock valued at $462,000 after acquiring an additional 14 shares during the last quarter. Finally, Cozad Asset Management Inc. lifted its stake in ServiceNow by 6.7% in the third quarter. Cozad Asset Management Inc. now owns 223 shares of the information technology services provider's stock valued at $205,000 after acquiring an additional 14 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NOW has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $121.00 target price on shares of ServiceNow in a research note on Tuesday, May 5th. Benchmark started coverage on shares of ServiceNow in a research note on Wednesday, April 1st. They issued a "buy" rating and a $125.00 target price for the company. DA Davidson reissued a "buy" rating and issued a $190.00 price target on shares of ServiceNow in a research report on Tuesday, May 5th. Needham & Company LLC reissued a "buy" rating and issued a $115.00 price target on shares of ServiceNow in a research report on Tuesday, May 5th. Finally, BTIG Research reissued a "buy" rating and issued a $150.00 price target on shares of ServiceNow in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $141.85.

ServiceNow Trading Down 5.8%

Shares of NOW stock opened at $112.45 on Friday. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48. The firm's fifty day simple moving average is $99.48 and its 200 day simple moving average is $122.03. The firm has a market capitalization of $115.94 billion, a P/E ratio of 67.02, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94. 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 (NYSE:NOW - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm posted $0.81 earnings per share. ServiceNow's revenue was up 22.1% compared to the same quarter last year. As a group, sell-side analysts predict 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: New coverage highlights bullish catalysts for ServiceNow, including accelerating AI adoption, a model-agnostic architecture, and a possible path to $30 billion in revenue by 2030, which supports the long-term growth story. Article Title
• Positive Sentiment: Cognizant’s integration with ServiceNow’s AI Control Tower underscores growing demand for ServiceNow’s AI governance tools in regulated enterprise environments, potentially expanding use cases and customer adoption. Article Title
• Positive Sentiment: Analysts and recent commentary say EmployeeWorks is gaining traction quickly, with larger deals and broader AI adoption helping to reinforce ServiceNow’s growth narrative. Article Title
• Neutral Sentiment: ServiceNow’s recent conference appearances and transcript releases keep the company visible to investors, but they do not appear to contain a major new catalyst on their own. Article Title
• Neutral Sentiment: Some valuation-focused coverage notes that the stock has had a mixed year, with a strong recent bounce offset by weaker longer-term performance, suggesting investors are still debating whether the rebound is justified. Article Title
• Negative Sentiment: Multiple articles point to pressure on the shares from acquisition integration costs, deal delays, and intensifying competition, which are weighing on near-term expectations. Article Title
• Negative Sentiment: Friday’s decline is also being driven by a broader market sell-off, with enterprise software and other growth names facing risk-off trading as investors pull back from higher-valuation tech. Article Title
• Negative Sentiment: Additional commentary notes that large insider buying in ServiceNow occurred near the peak of earlier SaaS pessimism, highlighting how far sentiment and the stock have already fallen since then. Article Title

Insider Activity at ServiceNow

In related news, Director Anita M. Sands sold 16,445 shares of the business's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the transaction, the director owned 30,090 shares of the company's stock, valued at approximately $2,712,312.60. The trade was a 35.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total transaction of $130,845.00. Following the transaction, the director directly owned 44,930 shares in the company, valued at $3,919,243.90. This trade represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 28,071 shares of company stock worth $2,529,956. 0.34% of the stock is owned by insiders.

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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