Nykredit A S Takes $53.41 Million Position in ServiceNow, Inc. $NOW

Nykredit A S bought a new position in ServiceNow, Inc. (NYSE:NOW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 537,922 shares of the information technology services provider’s stock, valued at approximately $53,405,000. Nykredit A S owned about 0.05% of ServiceNow as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NOW. Sunburst Financial Group LLC boosted its holdings in ServiceNow by 26.2% during the second quarter. Sunburst Financial Group LLC now owns 4,859 shares of the information technology services provider’s stock worth $482,000 after buying an additional 1,008 shares in the last quarter. Symphony Financial Ltd. Co. increased its holdings in ServiceNow by 1.5% in the second quarter. Symphony Financial Ltd. Co. now owns 7,584 shares of the information technology services provider’s stock valued at $757,000 after buying an additional 115 shares in the last quarter. Clarus Wealth Advisors purchased a new position in ServiceNow in the second quarter valued at $2,038,000. Independence Bank of Kentucky raised its position in shares of ServiceNow by 100.5% in the second quarter. Independence Bank of Kentucky now owns 30,632 shares of the information technology services provider’s stock worth $3,041,000 after acquiring an additional 15,352 shares during the period. Finally, Investors Research Corp boosted its stake in shares of ServiceNow by 787.2% during the 2nd quarter. Investors Research Corp now owns 7,674 shares of the information technology services provider’s stock worth $762,000 after acquiring an additional 6,809 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ServiceNow

In other news, insider Paul Fipps sold 2,034 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the sale, the insider directly owned 18,305 shares in the company, valued at $2,706,760.35. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jacqueline P. Canney sold 7,847 shares of ServiceNow stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the transaction, the insider owned 30,042 shares in the company, valued at approximately $4,145,796. The trade was 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 14,081 shares of company stock worth $1,937,904 in the last ninety days. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

NOW has been the subject of several recent analyst reports. CLSA assumed coverage on ServiceNow in a research note on Monday, July 20th. They issued an “underperform” rating and a $72.00 price target for the company. Benchmark restated a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. JPMorgan Chase & Co. upped their target price on ServiceNow from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Robert W. Baird lifted their price target on shares of ServiceNow from $118.00 to $125.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, UBS Group set a $248.00 price objective on shares of ServiceNow in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $144.24.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow and Aramco Digital signed a collaboration agreement to expand AI-powered enterprise transformation. The partnership could broaden adoption of ServiceNow’s AI workflow tools across Aramco’s operations and strengthen the company’s competitive position versus Salesforce and Microsoft. ServiceNow and Aramco Digital Collaboration Agreement
• Positive Sentiment: Pricefx launched a Deal Optimization App for the ServiceNow AI Platform, embedding pricing guidance, negotiation insights and product recommendations into enterprise sales workflows. The announcement supports the view that partners are using ServiceNow as an AI distribution layer, potentially increasing platform usage and ecosystem revenue. ServiceNow as an Enterprise AI Commerce Platform
• Neutral Sentiment: Analysts remain moderately optimistic despite ServiceNow’s weaker performance than some software peers. However, with a reported price-to-earnings ratio above 85, investors may require continued strong growth and successful monetization of AI initiatives to justify the valuation. ServiceNow Performance Compared With Software Peers
• Negative Sentiment: Researchers reported that attackers may be able to break out of a sandbox in the ServiceNow AI Platform. A vulnerability involving AI tools could raise concerns about customer data, enterprise security, remediation costs and reputational risk, making this the most direct company-specific pressure on the stock. ServiceNow AI Platform Sandbox Security Report
• Negative Sentiment: Multiple insiders recently sold shares, including Paul Fipps, Jacqueline Canney and Director Paul Edward Chamberlain. Some transactions were made under pre-arranged trading plans, reducing their bearish significance, but the cluster of sales may still weigh on investor sentiment. ServiceNow Insider Selling Report

ServiceNow Price Performance

Shares of NYSE NOW opened at $136.57 on Thursday. The firm has a 50-day simple moving average of $115.22 and a 200-day simple moving average of $107.44. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $141.22 billion, a price-to-earnings ratio of 85.36, a price-to-earnings-growth ratio of 2.60 and a beta of 0.97. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $194.73.

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