Stoneridge Investment Partners LLC Purchases Shares of 12,597 ServiceNow, Inc. $NOW

Posted by Francis Steltz on Aug 16th, 2026

Stoneridge Investment Partners LLC purchased a new position in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,597 shares of the information technology services provider’s stock, valued at approximately $1,401,000. ServiceNow accounts for approximately 0.9% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 20th biggest holding.

Several other hedge funds have also made changes to their positions in the business. Avalon Trust Co purchased a new position in ServiceNow during the second quarter worth about $142,000. Bridgewater Advisors Inc. acquired a new stake in ServiceNow in the 2nd quarter worth about $4,023,000. SFE Investment Counsel purchased a new stake in ServiceNow in the 2nd quarter valued at about $3,137,000. Bank Hapoalim BM purchased a new stake in ServiceNow in the 2nd quarter valued at about $2,656,000. Finally, BIP Wealth LLC acquired a new position in shares of ServiceNow during the 2nd quarter valued at about $555,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In related news, insider Paul Fipps sold 1,048 shares of ServiceNow stock in a transaction on Monday, May 18th. The shares were sold at an average price of $98.51, for a total transaction of $103,238.48. Following the transaction, the insider owned 12,072 shares in the company, valued at approximately $1,189,212.72. The trade was a 7.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NOW shares. Jefferies Financial Group reiterated a “buy” rating and set a $140.00 price objective (up from $135.00) on shares of ServiceNow in a report on Thursday, July 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of ServiceNow in a research note on Monday, August 3rd. Canaccord Genuity Group lowered their price objective on shares of ServiceNow from $200.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. KeyCorp restated an “underweight” rating on shares of ServiceNow in a report on Tuesday, July 21st. Finally, Raymond James Financial cut their target price on ServiceNow from $160.00 to $130.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.76.

Get Our Latest Stock Analysis on ServiceNow

ServiceNow Trading Down 2.5%

NYSE NOW opened at $124.08 on Friday. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $194.73. The company’s 50 day moving average price is $107.08 and its 200 day moving average price is $105.80. 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 firm has a market capitalization of $128.29 billion, a price-to-earnings ratio of 77.55, a PEG ratio of 2.18 and a beta of 0.94.

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 for the quarter, beating 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 analysts’ expectations of $3.93 billion. During the same period in the previous year, the company posted $0.81 earnings per share. ServiceNow’s revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts predict that ServiceNow, Inc. will post 2.24 EPS for the current year.

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.

Stoneridge Investment Partners LLC Purchases Shares of 12,597 ServiceNow, Inc. $NOW

Insider Activity at ServiceNow

Wall Street Analyst Weigh In

ServiceNow Trading Down 2.5%

ServiceNow Profile

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