ServiceNow, Inc. $NOW Shares Acquired by Raiffeisen Bank International AG

Raiffeisen Bank International AG increased its position in ServiceNow, Inc. (NYSE:NOW) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,116 shares of the information technology services provider’s stock after purchasing an additional 20,219 shares during the quarter. Raiffeisen Bank International AG’s holdings in ServiceNow were worth $24,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Watch Advisors INC purchased a new position in ServiceNow in the 3rd quarter valued at about $29,000. Kelleher Financial Advisors purchased a new stake in shares of ServiceNow during the third quarter worth about $50,000. Pin Oak Investment Advisors Inc. lifted its stake in shares of ServiceNow by 20.7% in the third quarter. Pin Oak Investment Advisors Inc. now owns 134 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 23 shares in the last quarter. Jupiter Wealth Management LLC acquired a new position in shares of ServiceNow in the second quarter worth about $154,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in ServiceNow by 540.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Activity

In related news, insider Jacqueline Canney sold 7,847 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the sale, the insider owned 30,042 shares of the company’s stock, valued at $4,145,796. This represents a 20.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 2,034 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the sale, the insider owned 18,305 shares in the company, valued at approximately $2,706,760.35. This trade represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,081 shares of company stock valued at $1,937,904. Company insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

Shares of NOW opened at $146.03 on Friday. The business’s fifty day moving average price is $116.35 and its 200 day moving average price is $107.71. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $194.73. The stock has a market capitalization of $151.00 billion, a PE ratio of 91.27, a price-to-earnings-growth ratio of 2.49 and a beta of 0.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The firm’s revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 earnings per share. Equities research analysts forecast that ServiceNow, Inc. will post 2.24 EPS for the current year.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Enterprise AI software stocks are gaining broadly after Palantir announced an expanded PwC alliance, helping lift sentiment across peers including ServiceNow. The broader software rebound reflects reduced concern that AI will erode seat-based revenue. Palantir, ServiceNow and Salesforce rally
• Positive Sentiment: ServiceNow’s collaboration with Aramco Digital is expected to support AI-powered enterprise transformation and potentially broaden adoption of the Now Platform across more than 50 countries. The agreement reinforces ServiceNow’s position as a distribution platform for enterprise AI applications. ServiceNow and Aramco Digital collaboration
• Positive Sentiment: Third-party integrations are strengthening the AI narrative. Pricefx introduced a deal-optimization application on the ServiceNow AI Platform, adding AI-guided pricing, negotiation and product recommendations to enterprise sales workflows. ServiceNow as an enterprise AI commerce platform
• Neutral Sentiment: ServiceNow has rallied about 28% in a month, prompting debate over whether investors should take profits or add to positions. The rebound improves momentum but also raises valuation and execution concerns; NOW trades at a high earnings multiple, making further gains dependent on strong AI monetization and growth. ServiceNow rally and valuation analysis
• Negative Sentiment: A reported vulnerability in the ServiceNow AI Platform allegedly allows attackers to break out of a sandbox. If confirmed and not rapidly addressed, the issue could create cybersecurity, customer-trust and reputational risks. ServiceNow AI Platform sandbox vulnerability
• Negative Sentiment: Insider selling is creating a modest sentiment headwind. Paul Fipps sold 2,034 shares worth approximately $301,000, reducing his holdings by 10%. Such transactions can be routine, but the recent cluster of insider sales may encourage profit-taking after the sharp advance. Paul Fipps sells ServiceNow shares

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Piper Sandler restated an “overweight” rating and set a $140.00 price objective on shares of ServiceNow in a report on Thursday, July 23rd. Cantor Fitzgerald increased their target price on ServiceNow from $122.00 to $141.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Bank of America raised their price target on shares of ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Weiss Ratings raised shares of ServiceNow from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Finally, Truist Financial increased their price objective on shares of ServiceNow from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $144.24.

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.