ServiceNow, Inc. $NOW Shares Bought by Keybank National Association OH

Keybank National Association OH boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 18.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 57,916 shares of the information technology services provider’s stock after purchasing an additional 9,088 shares during the quarter. Keybank National Association OH’s holdings in ServiceNow were worth $7,761,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC boosted its position in ServiceNow by 11.4% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 9,015 shares of the information technology services provider’s stock worth $1,208,000 after purchasing an additional 924 shares in the last quarter. Triton Wealth Management PLLC purchased a new position in shares of ServiceNow during the 3rd quarter valued at approximately $731,000. D.B. Root & Company LLC purchased a new position in shares of ServiceNow during the 3rd quarter valued at approximately $205,000. D Orazio & Associates Inc. lifted its stake in shares of ServiceNow by 18.4% in the 3rd quarter. D Orazio & Associates Inc. now owns 2,622 shares of the information technology services provider’s stock valued at $351,000 after purchasing an additional 407 shares during the period. Finally, Marathon Wealth Advisors LLC acquired a new position in shares of ServiceNow in the 3rd quarter valued at $2,420,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Trading Down 2.1%

Shares of NYSE:NOW opened at $100.65 on Friday. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $175.00. The firm has a market capitalization of $104.47 billion, a price-to-earnings ratio of 72.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50 day moving average price is $132.97 and its 200-day moving average price is $114.22.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The company had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.09 billion. ServiceNow had a return on equity of 15.17% and a net margin of 9.36%. ServiceNow’s revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.82 EPS. On average, equities research analysts forecast that ServiceNow, Inc. will post 2.12 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction on 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 directly owned 43,990 shares of the company’s stock, valued at $5,960,645. This trade represents a 5.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline Canney sold 7,847 shares of ServiceNow 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 in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 13,870 shares of company stock valued at $1,880,595 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Bank of America increased their price target on shares of ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Cantor Fitzgerald lifted their price objective on shares of ServiceNow from $174.00 to $201.00 and gave the company an “overweight” rating in a report on Monday, October 26th. BMO Capital Markets lifted their price objective on shares of ServiceNow from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. TD Cowen decreased their price objective on shares of ServiceNow from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Finally, Morgan Stanley reissued an “overweight” rating and set a $160.00 target price on shares of ServiceNow in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.50.

Key Stories Impacting ServiceNow

These are some of the NOW stories that stood out recently:

• Positive Sentiment: Argus maintains a Buy rating, citing ServiceNow’s AI opportunity despite shares trading well below their high. The company also appeared on a list of AI stocks following Wells Fargo’s more constructive outlook on AI infrastructure. Argus still rates ServiceNow a Buy
• Neutral Sentiment: LicenseFortress added ServiceNow to its software-licensing advisory services, including cost reviews and renewal support. This may help customers manage licensing but does not directly signal new ServiceNow revenue. LicenseFortress expands services to include ServiceNow
• Negative Sentiment: Despite fresh agentic-AI partnership news, one analysis questions whether ServiceNow’s valuation is justified by current earnings. The concern comes as the stock has fallen sharply over the past year and the broader AI software selloff weighs on sentiment; investors are looking for evidence that AI products can translate into financial returns. Valuation concerns despite AI partnership news

ServiceNow Company Profile

ServiceNow, Inc. provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations. Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.