Vaughan Nelson Investment Management L.P. Raises Stock Position in ServiceNow, Inc. $NOW

Key Points

• Vaughan Nelson boosted its stake in ServiceNow by 344.5% in Q4, buying an additional 385,768 shares and now owning 497,731 shares valued at $76,247,000.
• ServiceNow beat Q4 expectations (EPS $0.92 vs. $0.89; revenue $3.57B, up 20.7% year‑over‑year) but the stock is trading near its 52‑week low (opened $104.97) with the 50‑day moving average below the 200‑day; analysts still rate it a "Moderate Buy" with an average target of about $192.61.
• Insiders have sold 16,237 shares (~$1.70M) in the last 90 days and now own just 0.34% of the company, while hedge funds and other institutions hold about 87.18% of the stock.

Vaughan Nelson Investment Management L.P. increased its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 344.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 497,731 shares of the information technology services provider's stock after purchasing an additional 385,768 shares during the period. Vaughan Nelson Investment Management L.P.'s holdings in ServiceNow were worth $76,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kilter Group LLC acquired a new position in shares of ServiceNow during the 2nd quarter worth approximately $25,000. IAG Wealth Partners LLC boosted its stake in ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider's stock worth $25,000 after buying an additional 18 shares during the last quarter. Noble Wealth Management PBC grew its holdings 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 valued at $25,000 after buying an additional 128 shares in the last quarter. Bogart Wealth LLC raised its holdings in shares of ServiceNow by 93.8% during the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider's stock worth $29,000 after acquiring an additional 15 shares during the period. Finally, Wealth Watch Advisors INC acquired a new stake in ServiceNow during the third quarter worth about $29,000. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Price Performance

Shares of NOW opened at $104.97 on Tuesday. The company has a market capitalization of $109.80 billion, a price-to-earnings ratio of 62.93, a price-to-earnings-growth ratio of 1.68 and a beta of 0.99. ServiceNow, Inc. has a fifty-two week low of $98.00 and a fifty-two week high of $211.48. The firm has a 50-day simple moving average of $112.44 and a 200-day simple moving average of $149.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00.

ServiceNow (NYSE:NOW - Get Free Report) last released its 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 company had revenue of $3.57 billion for the quarter, compared to analysts' expectations of $3.53 billion. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. On average, equities research analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of ServiceNow from $185.00 to $150.00 and set an "outperform" rating on the stock in a report on Monday, February 9th. Truist Financial set a $175.00 price objective on ServiceNow in a research report on Thursday, February 5th. Evercore restated an "outperform" rating and set a $175.00 price target (down from $225.00) on shares of ServiceNow in a research note on Thursday, January 29th. Citigroup lifted their price objective on shares of ServiceNow from $235.00 to $237.00 and gave the company a "buy" rating in a report on Friday, January 30th. Finally, Mizuho lowered their price objective on ServiceNow from $210.00 to $190.00 and set an "outperform" rating for the company in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $192.61.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bargain-hunting lifted the stock after it neared its 52-week low, driving a short-term rebound as value-seeking investors stepped in. Read More.
• Positive Sentiment: Improved geopolitical sentiment — comments about productive talks with Iran — helped risk-on flows, which benefited enterprise software names including ServiceNow. Read More.
• Positive Sentiment: Market commentary points to receding AI fears and renewed optimism for SaaS, which analysts and pundits say is supporting a bounce in ServiceNow. Read More.
• Positive Sentiment: Analyst sentiment is generally constructive — the stock recently received an average rating of "Moderate Buy," which can underpin investor confidence. Read More.
• Positive Sentiment: Coverage noting ServiceNow's resilience relative to the sector and buy-the-dip narratives highlight its strong position in workflow automation and AI orchestration. Read More.
• Neutral Sentiment: Partner and ecosystem updates (e.g., new enterprise connector listed on the ServiceNow Store) expand platform integrations but are incremental to revenue catalysts. Read More.
• Neutral Sentiment: Industry product and governance news (e.g., database change governance, AI governance frameworks) affect the broader tech landscape; indirect to ServiceNow's near-term price action. Read More.
• Negative Sentiment: Broader SaaS/tech sell-off and macro/geopolitical uncertainty remain headwinds; investors are still discounting near-term risk, which pushed the stock close to its 52-week low before the rebound. Read More.
• Negative Sentiment: Technicals show prior weakness (50-day below 200-day moving average), underscoring that sentiment-driven bounces could be volatile rather than a definitive trend reversal. Read More.

Insider Activity

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the sale, the director owned 46,430 shares in the company, valued at $4,697,323.10. The trade was a 3.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 of the company's stock, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,237 shares of company stock valued at $1,697,162 over the last 90 days. Insiders own 0.34% of the company's stock.

ServiceNow Company 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.

Want to see what other hedge funds are holding NOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.