Three Seasons Wealth LLC Has $1.35 Million Holdings in ServiceNow, Inc. $NOW

Three Seasons Wealth LLC grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 74.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 12,948 shares of the information technology services provider’s stock after purchasing an additional 5,547 shares during the quarter. Three Seasons Wealth LLC’s holdings in ServiceNow were worth $1,354,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Harmony Asset Management LLC increased its stake in shares of ServiceNow by 388.4% in the 1st quarter. Harmony Asset Management LLC now owns 26,006 shares of the information technology services provider’s stock valued at $2,719,000 after acquiring an additional 20,681 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of ServiceNow by 12.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,645 shares of the information technology services provider’s stock valued at $379,000 after acquiring an additional 392 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new position in ServiceNow during the first quarter worth $5,018,000. Ethos Financial Group LLC boosted its stake in ServiceNow by 46.1% during the first quarter. Ethos Financial Group LLC now owns 2,425 shares of the information technology services provider’s stock worth $254,000 after acquiring an additional 765 shares in the last quarter. Finally, Signet Financial Management LLC grew its holdings in ServiceNow by 1.3% in the first quarter. Signet Financial Management LLC now owns 14,987 shares of the information technology services provider’s stock worth $1,567,000 after purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Down 0.1%

ServiceNow stock opened at $104.78 on Thursday. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $210.20. The firm has a market capitalization of $108.03 billion, a price-to-earnings ratio of 62.44, a price-to-earnings-growth ratio of 1.74 and a beta of 0.96. The firm’s fifty day moving average price is $103.52 and its two-hundred day moving average price is $109.98. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.97. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. On average, equities research analysts predict that ServiceNow, Inc. will post 2.34 earnings per share for the current fiscal year.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BNP Paribas said ServiceNow has a “constructive setup” for Q2 results, pointing to conservative guidance and improving demand — including healthier federal demand — that could set up an earnings beat. ServiceNow offers ‘constructive setup’ going into Q2 results, BNP says
• Positive Sentiment: UBS raised its price target on NOW to $115 and kept a neutral rating, saying demand trends appear stable and implying some upside from current levels. UBS price target raise
• Positive Sentiment: Several commentary pieces argue the market may be too pessimistic on ServiceNow, with some analysts framing AI as an opportunity rather than a threat and noting the company is raising its AI monetization targets. ServiceNow (NOW) Is Raising Its AI Targets As Investors Shift Toward Software
• Neutral Sentiment: Some pre-earnings notes say ServiceNow may not have the “right combination” for a clear beat, so expectations remain cautious heading into next week’s report. ServiceNow (NOW) Earnings Expected to Grow
• Negative Sentiment: NOW was also dragged lower by a broader software selloff after IBM warned that clients are shifting spending toward servers and cybersecurity, which raised concerns across enterprise software stocks. IBM Plunge Triggers Tech Stock Selloff After Revenue Miss Warning

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 8,927 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $89.60, for a total value of $799,859.20. Following the completion of the sale, the insider directly owned 29,531 shares of the company’s stock, valued at $2,645,977.60. This represents a 23.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anita M. Sands sold 16,445 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the transaction, the director owned 30,090 shares in the company, valued at $2,712,312.60. This represents a 35.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,071 shares of company stock worth $2,529,956 in the last quarter. 0.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NOW shares. KeyCorp set a $85.00 price target on shares of ServiceNow and gave the company an “underweight” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $145.00 price objective (down from $163.00) on shares of ServiceNow in a research report on Wednesday, July 8th. Canaccord Genuity Group reduced their target price on ServiceNow from $200.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. UBS Group boosted their target price on ServiceNow from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Citic Securities dropped their price target on ServiceNow from $168.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $140.80.

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.