ServiceNow, Inc. $NOW Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP decreased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,131 shares of the information technology services provider’s stock after selling 15,678 shares during the period. Lyell Wealth Management LP’s holdings in ServiceNow were worth $10,202,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Associated Banc Corp purchased a new stake in shares of ServiceNow in the 3rd quarter worth about $59,141,000. Legacy CG LLC purchased a new position in shares of ServiceNow during the third quarter valued at about $3,547,000. Integrity Alliance LLC. increased its position in shares of ServiceNow by 277.8% during the third quarter. Integrity Alliance LLC. now owns 45,459 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 33,425 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of ServiceNow by 0.3% during the third quarter. Oregon Public Employees Retirement Fund now owns 127,113 shares of the information technology services provider’s stock valued at $17,034,000 after buying an additional 388 shares during the period. Finally, Gallacher Capital Management LLC bought a new position in ServiceNow in the third quarter worth about $209,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Up 2.9%

Shares of ServiceNow stock opened at $109.09 on Wednesday. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $181.73. The firm has a market cap of $113.24 billion, a price-to-earnings ratio of 78.48, a PEG ratio of 2.03 and a beta of 1.00. The company has a 50-day moving average of $137.87 and a 200 day moving average of $115.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data 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). ServiceNow had a return on equity of 15.17% and a net margin of 9.36%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $4.82 EPS. The company’s revenue was up 20.5% on a year-over-year basis. As a group, sell-side analysts anticipate that ServiceNow, Inc. will post 2.13 earnings per share for the current fiscal year.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Argus reaffirmed its Buy rating and set a $170 price target, signaling confidence in ServiceNow’s recovery potential after the recent selloff. Argus rating and price target
• Positive Sentiment: ServiceNow’s enterprise AI push—including its Control Tower Alliance with major technology partners—could strengthen its role in helping companies deploy and govern AI. ServiceNow rolls out Control Tower Alliance
• Positive Sentiment: Recent commentary argues that the selloff may offer a buying opportunity, citing ServiceNow’s growth prospects and demand for AI-driven workflow tools. ServiceNow Stock: Buy the Dip?
• Neutral Sentiment: Q3 revenue was about $4.1 billion, slightly ahead of estimates, but the company is increasing AI-related investment and shifting toward outcome-based pricing—changes that could affect how growth and profitability develop. How Higher AI Spending Will Impact ServiceNow Stock
• Negative Sentiment: The sharp recent decline followed weaker fourth-quarter backlog guidance, which revived fears that AI could disrupt seat-based software models and weigh on future growth. ServiceNow’s selloff and Wall Street price-target cuts
• Negative Sentiment: Management’s AI investments and business-model changes pressured operating margins, adding to investor concerns despite revenue growth. Analyst questions from ServiceNow’s Q3 earnings call

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline Canney sold 7,847 shares of ServiceNow stock in a transaction that occurred on 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 transaction, the insider directly owned 30,042 shares in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $147.87, for a total transaction of $300,767.58. Following the transaction, the insider owned 18,305 shares of the company’s stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 14,081 shares of company stock valued at $1,937,904. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Guggenheim restated a “buy” rating and issued a $175.00 price objective (up from $125.00) on shares of ServiceNow in a report on Friday, October 23rd. Argus reaffirmed a “buy” rating and set a $170.00 price objective on shares of ServiceNow in a research report on Tuesday. Benchmark reiterated a “buy” rating on shares of ServiceNow in a report on Friday, July 17th. Canaccord Genuity Group set a $145.00 target price on ServiceNow in a research report on Thursday, October 29th. Finally, Jefferies Financial Group set a $145.00 target price on 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 issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $154.50.

ServiceNow Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.