Telos Capital Management Inc. Grows Stock Holdings in ServiceNow, Inc. $NOW

Key Points

• Telos Capital Management increased its stake in ServiceNow by 706% in Q4 to 50,940 shares, a holding valued at about $7.803 million.
• ServiceNow beat quarterly estimates, reporting $0.92 EPS vs. $0.89 expected and $3.57 billion in revenue (up 20.7% year‑over‑year), with analysts projecting roughly 8.93 EPS for the current fiscal year.
• The stock is under pressure—opening near a 12‑month low (~$83) with recent analyst downgrades and target cuts—yet MarketBeat shows a consensus of "Moderate Buy" and an average target price around $187.06.

Telos Capital Management Inc. grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 706.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 50,940 shares of the information technology services provider's stock after purchasing an additional 44,620 shares during the period. Telos Capital Management Inc.'s holdings in ServiceNow were worth $7,803,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Argus Investors Counsel Inc. lifted its holdings in shares of ServiceNow by 399.2% during the fourth quarter. Argus Investors Counsel Inc. now owns 8,671 shares of the information technology services provider's stock valued at $1,328,000 after purchasing an additional 6,934 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of ServiceNow by 492.1% during the fourth quarter. Richardson Financial Services Inc. now owns 225 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 187 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of ServiceNow by 211.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,052,936 shares of the information technology services provider's stock valued at $161,299,000 after purchasing an additional 714,359 shares during the last quarter. City Holding Co. lifted its holdings in shares of ServiceNow by 952.4% during the fourth quarter. City Holding Co. now owns 221 shares of the information technology services provider's stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Finally, Apollon Financial LLC purchased a new position in shares of ServiceNow during the fourth quarter valued at approximately $208,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow Price Performance

Shares of NYSE NOW opened at $83.00 on Friday. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48. The firm has a market cap of $86.00 billion, a P/E ratio of 49.76, a PEG ratio of 1.51 and a beta of 1.01. The company has a 50 day moving average of $107.27 and a 200 day moving average of $144.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company had revenue of $3.57 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. As a group, research analysts expect that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider owned 26,314 shares of the company's stock, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 11,757 shares of the company's stock, valued at approximately $1,245,419.01. This trade represents a 45.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,237 shares of company stock worth $1,697,162 in the last three months. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

NOW has been the subject of several recent research reports. KeyCorp lowered their target price on shares of ServiceNow from $155.00 to $115.00 and set an "underweight" rating for the company in a report on Thursday, January 29th. HSBC lowered their target price on shares of ServiceNow from $266.40 to $226.00 and set a "buy" rating for the company in a report on Friday, January 30th. Mizuho lowered their target price on shares of ServiceNow from $210.00 to $190.00 and set an "outperform" rating for the company in a report on Wednesday, January 21st. Benchmark started coverage on shares of ServiceNow in a report on Wednesday, April 1st. They set a "buy" rating and a $125.00 target price for the company. Finally, Wells Fargo & Company decreased their price objective on shares of ServiceNow from $225.00 to $185.00 and set an "overweight" rating for the company in a report on Tuesday, March 31st. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $187.06.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow rolled out an AI-native platform across its product portfolio and unveiled features like Context Engine and Build Agent skills — a strategic move to embed agentic AI and defend its workflow/control-plane positioning. ServiceNow Puts AI At The Center With DXC Agentic Partnership
• Positive Sentiment: ServiceNow deepened enterprise references via a partnership with DXC to deploy agentic AI at scale — this helps show early customer traction for the new AI-native stack. ServiceNow Puts AI At The Center With DXC Agentic Partnership
• Neutral Sentiment: Some analysts and outlets still view NOW as a long-term AI/automation play or a buy-the-dip candidate; Stifel and other commentators highlight backlog rebuilding and double-digit revenue growth as supportive fundamentals. Stifel Bullish on ServiceNow
• Negative Sentiment: UBS downgraded NOW to Neutral and cut its price target sharply (from $170 to $100), citing emerging budget pressures in non‑AI software spending and rising use of lighter workflow tools — the note is the main near-term sell catalyst. ServiceNow faces more cautious outlook as UBS cites AI-driven budget pressures
• Negative Sentiment: Broader software-sector panic after new agentic AI model releases (Anthropic/OpenAI) triggered heavy selling across SaaS names, and ServiceNow has been singled out as vulnerable to disruption — amplifying the selloff. Worries Over AI Competition Pummel Software Stocks
• Negative Sentiment: Multiple analyst downgrades and target cuts (UBS, Erste, BTIG and others) plus high-volume selling have pushed NOW to 52-week lows and steep YTD losses, creating technical downside pressure even as some investors call the shares oversold. ServiceNow Stock Craters 19%

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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