Oppenheimer Asset Management Inc. Invests $28.54 Million in ServiceNow, Inc. $NOW

Posted by Brian Himes on Aug 15th, 2026

Oppenheimer Asset Management Inc. purchased a new position in ServiceNow, Inc. (NYSE:NOW – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 287,435 shares of the information technology services provider’s stock, valued at approximately $28,537,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Covenant Asset Management LLC grew its position in shares of ServiceNow by 169.2% in the 4th quarter. Covenant Asset Management LLC now owns 20,863 shares of the information technology services provider’s stock worth $3,196,000 after acquiring an additional 13,114 shares in the last quarter. Norges Bank acquired a new stake in shares of ServiceNow during the 4th quarter valued at approximately $2,020,992,000. World Investment Advisors raised its position in shares of ServiceNow by 411.7% during the 4th quarter. World Investment Advisors now owns 47,955 shares of the information technology services provider’s stock valued at $7,346,000 after acquiring an additional 38,583 shares in the last quarter. Moors & Cabot Inc. lifted its stake in ServiceNow by 387.7% during the fourth quarter. Moors & Cabot Inc. now owns 45,630 shares of the information technology services provider’s stock worth $6,990,000 after purchasing an additional 36,274 shares during the last quarter. Finally, Torray Investment Partners LLC lifted its stake in ServiceNow by 390.5% during the fourth quarter. Torray Investment Partners LLC now owns 40,629 shares of the information technology services provider’s stock worth $6,224,000 after purchasing an additional 32,345 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Performance

NOW stock opened at $124.08 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $128.29 billion, a price-to-earnings ratio of 77.55, a PEG ratio of 2.24 and a beta of 0.94. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $194.73. The stock’s fifty day moving average is $107.08 and its two-hundred day moving average is $105.80.

ServiceNow (NYSE:NOW – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, research analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NOW. Argus decreased their price objective on shares of ServiceNow from $180.00 to $134.00 and set a “buy” rating for the company in a report on Friday, April 24th. Piper Sandler restated an “overweight” rating and issued a $140.00 price target on shares of ServiceNow in a research report on Thursday, July 23rd. Capital One Financial raised their price target on shares of ServiceNow from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $248.00 price target (up from $236.00) on shares of ServiceNow in a report on Thursday, July 23rd. Finally, DA Davidson set a $170.00 price objective on shares of ServiceNow and gave the company a “buy” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.76.

View Our Latest Stock Analysis on ServiceNow

Insiders Place Their Bets

In other ServiceNow news, insider Paul Fipps sold 1,048 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $98.51, for a total transaction of $103,238.48. Following the completion of the transaction, the insider directly owned 12,072 shares of the company’s stock, valued at $1,189,212.72. The trade was a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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. 0.34% of the stock is currently owned by corporate insiders.

ServiceNow Profile

(Free Report)

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.