Turtle Creek Wealth Advisors LLC Grows Stock Holdings in ServiceNow, Inc. $NOW

Key Points

• Turtle Creek Wealth Advisors increased its stake in ServiceNow by 650.5% in Q4, buying 12,627 shares to hold 14,568 shares worth about $2.23 million.
• ServiceNow reported Q1 EPS of $0.97 (in line) and revenue of $3.77B (up 22.1% YoY), and management raised its subscription outlook citing strong AI adoption and the completed Armis acquisition, but warned the deal and Middle East deal delays will pressure margins and near‑term growth.
• Insiders sold roughly 16,237 shares (~$1.7M) last quarter while institutions own ~87.18% of the stock; analysts have trimmed price targets and the shares trade well below their 1‑year high, leaving mixed near‑term sentiment despite a "Moderate Buy" consensus.

Turtle Creek Wealth Advisors LLC boosted its stake in ServiceNow, Inc. (NYSE:NOW - Free Report) by 650.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,568 shares of the information technology services provider's stock after purchasing an additional 12,627 shares during the quarter. Turtle Creek Wealth Advisors LLC's holdings in ServiceNow were worth $2,232,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. IAG Wealth Partners LLC grew its holdings in ServiceNow by 200.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock valued at $25,000 after purchasing an additional 18 shares during the last quarter. Noble Wealth Management PBC grew its stake in ServiceNow by 400.0% in the 4th quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider's stock worth $25,000 after acquiring an additional 128 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in ServiceNow in the 4th quarter worth about $26,000. Albion Financial Group UT lifted its position in shares of ServiceNow by 400.0% in the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider's stock worth $26,000 after purchasing an additional 136 shares during the period. Finally, Avion Wealth lifted its position in shares of ServiceNow by 256.0% in the 4th quarter. Avion Wealth now owns 178 shares of the information technology services provider's stock worth $27,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 87.18% of the company's stock.

ServiceNow Price Performance

Shares of NOW opened at $84.85 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $87.92 billion, a PE ratio of 50.57, a P/E/G ratio of 1.73 and a beta of 1.01. The firm has a 50-day simple moving average of $105.18 and a two-hundred day simple moving average of $138.45. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting analysts' consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. The business's quarterly revenue was up 22.1% compared to the same quarter last year. As a group, analysts forecast that ServiceNow, Inc. will post 2.49 EPS for the current year.

Insider Transactions at ServiceNow

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of the business's stock in a transaction that occurred on 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 sale, the insider owned 26,314 shares in the company, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Fipps sold 3,696 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $101.77, for a total transaction of $376,141.92. Following the sale, the insider owned 8,061 shares of the company's stock, valued at $820,367.97. This represents a 31.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,237 shares of company stock worth $1,697,162. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BMO Capital Markets decreased their target price on shares of ServiceNow from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Thursday. Benchmark assumed coverage on shares of ServiceNow in a research note on Wednesday, April 1st. They set a "buy" rating and a $125.00 price target on the stock. Citizens Jmp cut their price objective on shares of ServiceNow from $260.00 to $157.00 and set a "market outperform" rating on the stock in a research note on Thursday. DA Davidson dropped their price target on shares of ServiceNow from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus dropped their price target on shares of ServiceNow from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $147.68.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Q1 beat and raised subscription outlook: ServiceNow reported revenue and EPS roughly in line-to-better than expectations and raised its annual subscription revenue outlook, citing accelerating adoption of its AI workflows — a fundamental positive for long‑term growth. ServiceNow Earnings Beat Estimates in Q1 on Subscription Strength
• Positive Sentiment: AI product demand & partnerships: Management highlighted strong AI product uptake and deepened Google Cloud ties to deliver AI agents for enterprise operations — supports the thesis that ServiceNow can monetize AI workflows. ServiceNow and Google Cloud unite AI agents for autonomous enterprise operations
• Positive Sentiment: Strategic M&A completed: ServiceNow closed the Armis acquisition, expanding its security/cyber exposure capabilities — potentially cross‑sells into large enterprise accounts. ServiceNow (NOW) Completes $7.75B Acquisition of Cyber Exposure Leader Armis
• Neutral Sentiment: Results were largely "beat-and-raise" in headline numbers, but EPS was only inline and some metrics disappointed versus investor expectations — creates mixed read-throughs for short-term momentum. ServiceNow Reports First Quarter 2026 Financial Results (Press Release)
• Neutral Sentiment: Earnings call nuance: Management and the call emphasized AI tailwinds and productivity gains, but commentary flagged transitory headwinds — useful context but not an immediate sentiment breaker on its own. ServiceNow Earnings Call: AI Tailwinds vs. Market Jitters
• Negative Sentiment: Middle East deal delays weighed on growth: Company said conflict in the Middle East delayed several large deals, creating ~75 bps headwind to subscription revenue in Q1 and pushing some expected deal closures later in the year — a concrete near‑term growth risk. ServiceNow Reveals a New Challenge From the Iran War: Deal Delays
• Negative Sentiment: Margin outlook hit by Armis deal and acquisition costs: Management flagged that the Armis acquisition will depress margins (roughly 75 bps FY, ~125 bps in Q2), amplifying investor concern about profitability near term. ServiceNow Posts Revenue Growth, But Says Armis Deal Will Weigh on Margins
• Negative Sentiment: Analyst price‑target cuts & sector contagion: Multiple firms trimmed price targets and the stock’s weakness triggered a broader software selloff as AI‑disruption fears re‑surf, pressuring sentiment beyond company fundamentals. ServiceNow Shares Fall As Middle East Delays, Soft Guidance Weigh On Outlook
• Negative Sentiment: Big one‑day selloff amplified volatility: The stock hit one of its worst intra‑day drops, which has increased short-term volatility and spooked momentum funds — expect heightened trading and continued sensitivity to guidance and macro headlines. ServiceNow’s stock just had its worst day ever, taking the software sector down with it

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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