Vise Technologies Inc. Buys 10,898 Shares of ServiceNow, Inc. $NOW

Key Points

• Vise Technologies increased its ServiceNow stake by 26.1% in the third quarter, purchasing 10,898 shares. The fund held 52,722 shares worth approximately $7.1 million at quarter-end.
• ServiceNow reported 20.5% year-over-year revenue growth to $4.11 billion, slightly exceeding estimates, but adjusted EPS of $1.00 missed the $1.02 consensus. Increased AI investment contributed to operating-margin pressure and heightened concerns about agentic AI disrupting its per-seat software model.
• Institutional investors own 87.18% of ServiceNow, while insiders own just 0.34% and sold 14,081 shares worth roughly $1.94 million over the past 90 days. Analysts remain broadly positive, with a “Moderate Buy” consensus and a $154.50 average price target, despite some underweight ratings.

Vise Technologies Inc. lifted its stake in shares of ServiceNow, Inc. (NYSE:NOW - Free Report) by 26.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,722 shares of the information technology services provider's stock after buying an additional 10,898 shares during the period. Vise Technologies Inc.'s holdings in ServiceNow were worth $7,065,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Cornerstone Financial Management LLC raised its position in ServiceNow by 72.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider's stock valued at $25,000 after buying an additional 107 shares during the last quarter. Marquette Asset Management LLC boosted its holdings in ServiceNow by 75.0% during the 2nd quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider's stock worth $30,000 after acquiring an additional 129 shares during the last quarter. Kilter Group LLC purchased a new position in ServiceNow during the 2nd quarter worth $31,000. Solstein Capital LLC purchased a new position in ServiceNow during the 2nd quarter worth $35,000. Finally, Main Street Group LTD bought a new stake in shares of ServiceNow in the 1st quarter worth $40,000. Institutional investors own 87.18% of the company's stock.

Insider Buying and Selling

In related news, insider Paul Fipps sold 2,034 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the transaction, the insider directly owned 18,305 shares of the company's stock, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the transaction, the director owned 43,990 shares of the company's stock, valued at approximately $5,960,645. The trade was a 5.78% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 14,081 shares of company stock valued at $1,937,904. 0.34% of the stock is owned by insiders.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow launched its Control Tower Alliance to help large enterprises govern and control AI deployments. Founding partners include OpenAI, NVIDIA, Amazon Web Services, Cisco, Anthropic, and Kong, while expanded collaborations with OpenAI, Google Cloud, and Hewlett Packard Enterprise could strengthen ServiceNow’s position in AI workflows, security, and enterprise support. ServiceNow Rolls Out Control Tower Alliance
• Positive Sentiment: Despite the market reaction, ServiceNow continues to show consistent revenue growth and substantially higher revenue generation than UiPath. Its workflow automation platform and enterprise integrations are also expanding faster than Adobe’s top line, supporting the long-term growth case. ServiceNow vs. UiPath Adobe vs. ServiceNow
• Neutral Sentiment: CFO Gina Mastantuono rejected the narrative that AI is disrupting enterprise software, saying ServiceNow is strategically investing in customer success and accelerating AI adoption. The explanation may reassure long-term investors, but it also highlights near-term pressure on profitability. ServiceNow CFO Discusses AI Disruption
• Negative Sentiment: Third-quarter revenue of $4.11 billion was slightly above expectations, but adjusted EPS of $1.00 missed the $1.02 consensus estimate. Management’s increased AI-related investment and business-model changes caused a notable operating-margin decline, raising questions about the pace and quality of future growth. Top Analyst Questions From ServiceNow’s Q3 Earnings Call
• Negative Sentiment: Investors are increasingly worried that agentic AI could reduce demand for per-seat software licenses, creating a broader threat to ServiceNow’s business model. This concern, combined with a downgrade from an analyst, intensified selling despite 20.5% year-over-year revenue growth. ServiceNow and Agentic AI Disruption ServiceNow Analyst Downgrade

Analysts Set New Price Targets

Several analysts have recently commented on NOW shares. UBS Group reiterated an "underweight" rating on shares of ServiceNow in a report on Thursday. Sanford C. Bernstein reissued an "outperform" rating and set a $266.00 price target on shares of ServiceNow in a research report on Tuesday, October 20th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of ServiceNow from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Monday, September 21st. Robert W. Baird set a $185.00 price objective on shares of ServiceNow in a research report on Thursday. Finally, KeyCorp reaffirmed an "underweight" rating and issued a $110.00 price objective (up from $85.00) on shares of ServiceNow in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $154.50.

ServiceNow Stock Up 0.8%

NOW stock opened at $105.96 on Tuesday. The stock's fifty day simple moving average is $138.25 and its two-hundred day simple moving average is $115.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $184.43. The stock has a market cap of $109.56 billion, a P/E ratio of 76.23, a P/E/G ratio of 2.75 and a beta of 0.99.

ServiceNow (NYSE:NOW - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.02). ServiceNow had a net margin of 9.36% and a return on equity of 15.38%. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company earned $4.82 EPS. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts expect that ServiceNow, Inc. will post 2.14 EPS for the current year.

ServiceNow Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company's products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.

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