ServiceNow, Inc. $NOW Shares Purchased by Webster Bank N. A.

Key Points

• Institutional buying: Webster Bank N.A. raised its stake in ServiceNow by 508.3% to 26,935 shares (~$4.13M) in Q4, and several major institutions (Nordea, Sumitomo Mitsui, Wellcome, SG Americas, Aberdeen) also added millions of shares, leaving institutions with 87.18% ownership.
• Analyst outlook mixed but generally positive: The consensus is a "Moderate Buy" with a $183.93 price target, amid divergent firm moves (Jefferies cut its target to $175, Citigroup raised theirs to $237, Canaccord set $200).
• Insider selling and recent results: Insiders sold 16,237 shares (~$1.7M) in the last 90 days; ServiceNow reported an EPS beat with 20.7% revenue growth, and the stock trades near $89 with a P/E of 53.6 and a 52‑week range of $81–$211.

Webster Bank N. A. increased its position in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 508.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,935 shares of the information technology services provider's stock after purchasing an additional 22,507 shares during the period. Webster Bank N. A.'s holdings in ServiceNow were worth $4,126,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NOW. Nordea Investment Management AB boosted its stake in ServiceNow by 388.7% in the fourth quarter. Nordea Investment Management AB now owns 4,706,164 shares of the information technology services provider's stock valued at $720,325,000 after acquiring an additional 3,743,087 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in ServiceNow by 385.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider's stock valued at $398,202,000 after acquiring an additional 2,064,440 shares in the last quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST boosted its stake in ServiceNow by 400.0% in the fourth quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST now owns 2,250,000 shares of the information technology services provider's stock valued at $344,678,000 after acquiring an additional 1,800,000 shares in the last quarter. SG Americas Securities LLC boosted its stake in ServiceNow by 11,128.7% in the fourth quarter. SG Americas Securities LLC now owns 1,805,467 shares of the information technology services provider's stock valued at $276,579,000 after acquiring an additional 1,789,388 shares in the last quarter. Finally, Aberdeen Group plc boosted its stake in ServiceNow by 405.0% in the fourth quarter. Aberdeen Group plc now owns 1,448,931 shares of the information technology services provider's stock valued at $221,962,000 after acquiring an additional 1,162,005 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reduced their target price on shares of ServiceNow from $230.00 to $175.00 and set a "buy" rating for the company in a report on Friday, January 23rd. Argus raised shares of ServiceNow to a "strong-buy" rating in a report on Wednesday, February 4th. Citigroup upped their target price on shares of ServiceNow from $235.00 to $237.00 and gave the company a "buy" rating in a report on Friday, January 30th. Guggenheim raised shares of ServiceNow from a "sell" rating to a "neutral" rating in a report on Tuesday, December 16th. Finally, Canaccord Genuity Group set a $200.00 target price on shares of ServiceNow in a report on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $183.93.

Insider Buying and Selling

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the transaction, the insider directly owned 26,314 shares of the company's stock, valued at $2,781,652.94. This represents a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Paul Fipps sold 9,641 shares of the stock in a transaction dated 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 transaction, the insider directly owned 11,757 shares of the company's stock, valued at $1,245,419.01. This represents a 45.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,237 shares of company stock valued at $1,697,162 over the last ninety days. Corporate insiders own 0.34% of the company's stock.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Qlik partnership: ServiceNow announced a collaboration with Qlik to surface governed enterprise data and analytics directly inside ServiceNow workflows and AI-driven processes, boosting the company’s positioning as an enterprise AI operations hub and improving the case for deeper platform adoption. ServiceNow Qlik Alliance Aims To Make NOW The Enterprise AI Nerve Center
• Positive Sentiment: SaaS sector rebound: Momentum among high-quality SaaS names—investors “buying the dip” after recent overselling—has lifted peer stocks and likely helped ServiceNow trade up as part of a broader rotation into software names. Cloudflare (NET) Stock Trades Up, Here Is Why
• Neutral Sentiment: RBC price-target cut: Royal Bank of Canada trimmed its ServiceNow price target from $150 to $121 but kept an “outperform” rating, signaling continued conviction in long-term growth while tempering near-term upside expectations. RBC Adjusts Price Target
• Neutral Sentiment: Institutional viewpoints vary: some institutional commentary frames a ~$100 target as a bet that downplays AI-disruption fears, reflecting mixed analyst sentiment that could stabilize trading ranges if validated by execution. ServiceNow's $100 Price Target
• Negative Sentiment: Analyst downgrades and skepticism: UBS cut NOW to Neutral, and several commentary pieces argue the stock remains richly valued versus peers and may face a correction if growth or AI execution disappoints. ServiceNow Cut to Neutral at UBS
• Negative Sentiment: Valuation critiques: Recent opinion pieces warn ServiceNow still trades at a premium and flag downside risk if AI monetization lags; see two recent Seeking Alpha takes arguing caution on valuation and correction risk. ServiceNow: Cheap Enough To Avoid ServiceNow: Still Trading Richly Above Peers
• Negative Sentiment: Recent weak-week context: ServiceNow was listed among large-cap losers last week amid macro worries, AI competition concerns and analyst moves — a backdrop that could keep volatility elevated until clearer execution or macro signals emerge. Top 10 Large-Cap Losers

ServiceNow Stock Performance

Shares of NYSE:NOW traded down $0.06 on Tuesday, reaching $89.00. The company's stock had a trading volume of 3,556,352 shares, compared to its average volume of 19,376,223. The stock has a market capitalization of $92.22 billion, a P/E ratio of 53.61, a PEG ratio of 1.39 and a beta of 1.01. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $211.48. The stock's 50-day moving average is $106.70 and its two-hundred day moving average is $142.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.

ServiceNow (NYSE:NOW - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $3.57 billion during the quarter, compared to analysts' expectations 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 prior year, the company posted $0.73 earnings per share. As a group, sell-side analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

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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