Money Concepts Capital Corp purchased a new stake in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,832 shares of the information technology services provider’s stock, valued at approximately $1,353,000.
A number of other hedge funds have also recently made changes to their positions in the company. Bailard Inc. boosted its stake in shares of ServiceNow by 422.9% during the fourth quarter. Bailard Inc. now owns 79,350 shares of the information technology services provider’s stock valued at $12,156,000 after purchasing an additional 64,175 shares in the last quarter. AGH Wealth Advisors LLC acquired a new stake in shares of ServiceNow during the fourth quarter valued at about $290,000. Pier 88 Investment Partners LLC boosted its stake in shares of ServiceNow by 393.2% during the fourth quarter. Pier 88 Investment Partners LLC now owns 7,200 shares of the information technology services provider’s stock valued at $1,103,000 after purchasing an additional 5,740 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs boosted its stake in shares of ServiceNow by 437.5% during the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 41,460 shares of the information technology services provider’s stock valued at $6,351,000 after purchasing an additional 33,747 shares in the last quarter. Finally, Mirabaud Asset Management Ltd boosted its stake in shares of ServiceNow by 87.6% during the fourth quarter. Mirabaud Asset Management Ltd now owns 7,463 shares of the information technology services provider’s stock valued at $1,143,000 after purchasing an additional 3,485 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Oppenheimer set a $130.00 price target on ServiceNow and gave the company an “outperform” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada reissued an “outperform” rating and set a $121.00 price target on shares of ServiceNow in a research note on Tuesday, May 5th. HSBC lowered their price objective on ServiceNow from $226.00 to $171.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Argus lowered their price objective on ServiceNow from $180.00 to $134.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, Robert W. Baird lowered their price objective on ServiceNow from $125.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.71.
Insiders Place Their Bets
In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the sale, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction that occurred 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 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,315 shares of company stock valued at $2,510,682. Company insiders own 0.34% of the company’s stock.
Key Stories Impacting ServiceNow
Here are the key news stories impacting ServiceNow this week:
- Positive Sentiment: Boomi and ServiceNow launched a partnership around the Workflow Data Network Passport Program, which could strengthen ServiceNow’s AI and data-integration growth narrative. Boomi and ServiceNow Partner to Power Data Activation Across the Enterprise
- Positive Sentiment: Analysts remain constructive on ServiceNow, with Evercore ISI raising its price target to $150 and BMO reiterating an Outperform rating, citing strength in AI-related growth and the platform’s defensive qualities. ServiceNow (NOW) Price Target Raised as AI Growth Story Gains Strength
- Positive Sentiment: FedEx is expanding its partnership with ServiceNow, another sign that large enterprise customers are deepening usage of the platform. FedEx expands ServiceNow partnership
- Neutral Sentiment: ServiceNow also used its Knowledge 2026 conference to highlight new AI control, security, and identity offerings, underscoring product momentum but without a clear near-term financial impact. ServiceNow Seeks AI Control Role As Stock Struggles And Partnerships Grow
- Neutral Sentiment: An insider sale by Paul Fipps was disclosed, but the transaction was small and executed under a pre-arranged 10b5-1 trading plan, so it is less likely to be viewed as a major signal. SEC insider filing for Paul Fipps
- Negative Sentiment: ServiceNow plans to raise $4 billion through a bond sale, which could raise financing concerns for some investors even though the company has strong business momentum. Software Firm ServiceNow Plans to Raise $4 Billion in Bond Sale
ServiceNow Trading Down 2.7%
Shares of NOW stock opened at $89.03 on Wednesday. The company has a market cap of $91.79 billion, a P/E ratio of 53.06, a PEG ratio of 1.62 and a beta of 0.82. The stock has a 50 day simple moving average of $101.80 and a two-hundred day simple moving average of $130.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48.
ServiceNow (NYSE:NOW – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.97. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. Research analysts forecast that ServiceNow, Inc. will post 2.35 earnings per share for the current year.
About ServiceNow
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.
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