ServiceNow, Inc. $NOW Holdings Raised by Granite Investment Partners LLC

Granite Investment Partners LLC grew its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 27.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,629 shares of the information technology services provider’s stock after acquiring an additional 4,865 shares during the period. Granite Investment Partners LLC’s holdings in ServiceNow were worth $2,366,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Resona Asset Management Co. Ltd. increased its stake in shares of ServiceNow by 22.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 823,933 shares of the information technology services provider’s stock worth $86,237,000 after acquiring an additional 151,830 shares during the last quarter. Personal CFO Solutions LLC grew its stake in ServiceNow by 69.5% in the first quarter. Personal CFO Solutions LLC now owns 21,580 shares of the information technology services provider’s stock valued at $2,256,000 after purchasing an additional 8,845 shares in the last quarter. DSM Capital Partners LLC grew its stake in ServiceNow by 45.6% in the first quarter. DSM Capital Partners LLC now owns 475,149 shares of the information technology services provider’s stock valued at $49,677,000 after purchasing an additional 148,882 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in ServiceNow by 0.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 119,725 shares of the information technology services provider’s stock worth $12,517,000 after purchasing an additional 900 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in shares of ServiceNow by 110.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 7,099 shares of the information technology services provider’s stock worth $742,000 after purchasing an additional 3,731 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul Fipps sold 1,048 shares of ServiceNow stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $98.51, for a total value of $103,238.48. Following the transaction, the insider directly owned 12,072 shares in the company, valued at approximately $1,189,212.72. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.23, for a total value of $130,845.00. Following the transaction, the director directly owned 44,930 shares of the company’s stock, valued at $3,919,243.90. This represents a 3.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,071 shares of company stock valued at $2,529,956 over the last three months. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NOW shares. Wolfe Research set a $125.00 price target on ServiceNow in a report on Thursday, April 23rd. Citizens Jmp restated a “market outperform” rating and issued a $157.00 price objective on shares of ServiceNow in a report on Tuesday, May 5th. Piper Sandler cut their price objective on shares of ServiceNow from $200.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. HSBC reduced their target price on shares of ServiceNow from $226.00 to $171.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Finally, Weiss Ratings downgraded shares of ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.47.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Truist Financial raised its price target on ServiceNow to $130 from $120 and reiterated a buy rating, signaling confidence in further upside for the stock.
• Positive Sentiment: Several recent articles highlighted ServiceNow as a strong AI/software name, with commentary suggesting the market is becoming more constructive on the company’s long-term growth story.
• Positive Sentiment: An article on “final trades” and other media coverage kept ServiceNow in the spotlight, reinforcing investor interest and supporting sentiment around the stock.
• Neutral Sentiment: ServiceNow was also mentioned in broader cloud and software market discussions, including an AI trade rotation away from semiconductors and toward software, which may be helping the stock but does not reflect company-specific news. Chip Stocks Drop 12% as Software Rebounds in AI Trade Shift
• Neutral Sentiment: Other coverage noted that ServiceNow is consolidating after recent moves, suggesting traders are digesting the stock’s valuation and AI expectations rather than reacting to a single new catalyst. ServiceNow Stock Consolidates as Accenture Launches Agentic AI Offerings
• Negative Sentiment: Some recent pieces continued to question the stock’s performance this year and pointed to investor concern about the company’s future growth, which may cap enthusiasm.

ServiceNow Price Performance

Shares of ServiceNow stock opened at $108.88 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $102.11 and a 200-day simple moving average of $111.29. The stock has a market capitalization of $112.26 billion, a price-to-earnings ratio of 64.89, a PEG ratio of 1.79 and a beta of 0.96. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $210.20.

ServiceNow (NYSE:NOW) last posted its earnings results 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 business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. ServiceNow’s revenue was up 22.1% compared to the same quarter last year. During the same period last year, the business posted $0.81 EPS. On average, sell-side analysts expect that ServiceNow, Inc. will post 2.34 earnings per share for the current year.

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.