ServiceNow, Inc. $NOW Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. lifted its stake in ServiceNow, Inc. (NYSE:NOW) by 115.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 90,899 shares of the information technology services provider’s stock after purchasing an additional 48,631 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in ServiceNow were worth $13,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IAG Wealth Partners LLC increased its holdings in shares of ServiceNow by 200.0% in the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 18 shares during the last quarter. Bogart Wealth LLC increased its holdings in shares of ServiceNow by 93.8% in the third quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 15 shares during the last quarter. Wealth Watch Advisors INC acquired a new stake in ServiceNow during the third quarter worth $29,000. Albion Financial Group UT increased its stake in ServiceNow by 78.9% during the third quarter. Albion Financial Group UT now owns 34 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 15 shares during the last quarter. Finally, True Wealth Design LLC raised its position in ServiceNow by 52.0% in the third quarter. True Wealth Design LLC now owns 38 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 13 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NOW. DZ Bank upgraded ServiceNow to a “strong-buy” rating in a report on Thursday, December 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $200.00 price objective on shares of ServiceNow in a research report on Thursday, January 29th. BNP Paribas Exane raised ServiceNow from a “neutral” rating to an “outperform” rating and set a $140.00 price objective for the company in a research report on Monday, March 16th. DA Davidson reissued a “buy” rating and set a $220.00 price objective on shares of ServiceNow in a research report on Thursday, January 29th. Finally, BTIG Research cut their price objective on ServiceNow from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.46.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Momentum/upside drivers: market risk‑on, bullish media commentary and AI demand expectations that have helped lift the stock despite prior weakness. Analysts and commentators cite early signs of AI-driven demand and a modest expected Q1 beat, and Jim Cramer said the name “can go higher.” ServiceNow Seen Delivering Modest Q1 Beat Jim Cramer on ServiceNow
• Positive Sentiment: Product/partner news: ComplianceCow announced an integration with ServiceNow’s Integrated Risk Management to automate continuous control monitoring — a small but direct enterprise-sales and ecosystem signal for GRC/AI use cases. ComplianceCow Integration
• Positive Sentiment: Geographic expansion: ServiceNow expanded AI Workflow Hub infrastructure in Brazil with new data centers as it targets enterprise adoption in Latin America — supports longer‑term revenue growth prospects outside the U.S. Brazil expansion article
• Neutral Sentiment: Sector context: Q4 reviews and sector commentary compare ServiceNow to automation/enterprise peers; useful for relative valuation but not company‑specific catalysts. Automation Software Q4 Review
• Negative Sentiment: Big headwinds — multiple analysts cut price targets today and this week (HSBC to $171, Deutsche Bank to $135, Capital One to $113, TD Cowen to $140, Robert W. Baird to $125, BMO to $120, Citi previously trimmed targets). While many firms left positive ratings, the cuts signal lower near‑term expectations and add selling pressure. HSBC target cut Deutsche Bank target cut Capital One target cut
• Negative Sentiment: Negative narratives gaining traction: pieces arguing ServiceNow is a main victim of a broader “SaaSpocalypse” or “death of software” / “AI seat contraction” narratives increase investor skepticism on growth sustainability and justify multiple compression. Seeking Alpha SaaSpocalypse MSN narrative piece

Insider Activity

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction on Friday, February 13th. The stock was sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares of the company’s stock, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Fipps sold 3,696 shares of ServiceNow stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $101.77, for a total value of $376,141.92. Following the completion of the sale, the insider directly owned 8,061 shares of the company’s stock, valued at $820,367.97. The trade was a 31.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,237 shares of company stock valued at $1,697,162. 0.34% of the stock is currently owned by corporate insiders.

ServiceNow Trading Up 2.4%

Shares of NYSE NOW opened at $96.43 on Friday. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $105.80 and a 200-day simple moving average of $141.47. The stock has a market capitalization of $99.91 billion, a PE ratio of 57.81, a PEG ratio of 1.58 and a beta of 1.01.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the firm posted $0.73 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. On average, equities analysts forecast that ServiceNow, Inc. will post 8.93 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.