ServiceNow, Inc. $NOW Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners trimmed its ServiceNow stake by 12% in the first quarter, selling 39,398 shares and leaving it with 288,791 shares valued at about $30.2 million.
• ServiceNow’s latest earnings beat expectations, with revenue up 24% year over year to $3.99 billion and EPS of $0.90 versus $0.86 expected. The company also raised guidance and highlighted strong AI momentum, including AI contract value above $1 billion.
• Analysts remained broadly positive after the report, with several firms raising or reaffirming ratings and price targets. However, some insiders and institutions have also been trimming positions, suggesting mixed sentiment around the stock.

Epoch Investment Partners Inc. cut its holdings in ServiceNow, Inc. (NYSE:NOW - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 288,791 shares of the information technology services provider's stock after selling 39,398 shares during the quarter. Epoch Investment Partners Inc.'s holdings in ServiceNow were worth $30,193,000 as of its most recent SEC filing.

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

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s Q2 results showed robust growth, with revenue up about 24% year over year and subscription revenue accelerating, reinforcing that demand for its platform remains strong. Article Title
• Positive Sentiment: Management raised guidance and highlighted AI momentum, including AI contract value topping $1 billion and expanding enterprise adoption, which supports the case for continued growth. Article Title
• Positive Sentiment: Several analysts raised or reaffirmed bullish ratings and price targets after earnings, reflecting renewed confidence in ServiceNow’s outlook and valuation upside. Article Title
• Positive Sentiment: New partnerships and channel expansions, including deals with Experian, TeamViewer, and Exclusive Networks, suggest broader adoption of ServiceNow’s AI and cybersecurity offerings. Article Title
• Neutral Sentiment: Investors are also watching mixed signals from insider and institutional trading, with some large funds trimming positions even as others add shares; this appears more like portfolio rebalancing than a clear fundamental warning. Article Title
• Negative Sentiment: Despite the earnings beat, some commentary says the stock’s rally may be vulnerable if AI disruption fears return, especially around usage-based pricing and long-term software demand. Article Title

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 1,500 shares of the business's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.23, for a total transaction of $130,845.00. Following the completion of the transaction, the director owned 44,930 shares of the company's stock, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anita M. Sands sold 16,445 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total value 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. This trade represents a 35.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 19,144 shares of company stock worth $1,730,097 in the last quarter. 0.34% of the stock is currently owned by company insiders.

ServiceNow Price Performance

NYSE NOW opened at $98.77 on Friday. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $201.15. The stock's 50-day moving average is $104.77 and its two-hundred day moving average is $107.70. The firm has a market cap of $101.83 billion, a P/E ratio of 61.73, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.84.

ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The company's revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. On average, analysts anticipate that ServiceNow, Inc. will post 2.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NOW shares. Wells Fargo & Company cut their target price on shares of ServiceNow from $185.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 23rd. Benchmark reiterated a "buy" rating on shares of ServiceNow in a research report on Friday, July 17th. Truist Financial increased their price objective on ServiceNow from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $115.00 price target on shares of ServiceNow in a research note on Thursday. Finally, Cantor Fitzgerald lifted their price target on ServiceNow from $122.00 to $141.00 and gave the company an "overweight" rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, ServiceNow has an average rating of "Moderate Buy" and an average price target of $143.39.

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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