Leuthold Group LLC Makes New Investment in ServiceNow, Inc. $NOW

Posted by Brenda Bartman on Nov 10th, 2026

Leuthold Group LLC purchased a new stake in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 71,019 shares of the information technology services provider’s stock, valued at approximately $9,517,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NOW. BlackRock Inc. purchased a new position in ServiceNow during the 2nd quarter valued at about $9,536,615,000. State Street Corp raised its holdings in shares of ServiceNow by 2.0% in the 2nd quarter. State Street Corp now owns 49,038,218 shares of the information technology services provider’s stock valued at $4,868,514,000 after purchasing an additional 979,726 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of ServiceNow by 16.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,638,071 shares of the information technology services provider’s stock valued at $1,651,828,000 after purchasing an additional 2,362,606 shares in the last quarter. Amundi lifted its position in shares of ServiceNow by 60.9% in the 1st quarter. Amundi now owns 11,479,098 shares of the information technology services provider’s stock worth $1,200,140,000 after purchasing an additional 4,346,722 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of ServiceNow by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 8,526,931 shares of the information technology services provider’s stock worth $891,491,000 after purchasing an additional 518,263 shares during the period. 87.18% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NOW shares. TD Cowen cut their price objective on shares of ServiceNow from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Barclays set a $152.00 price objective on shares of ServiceNow and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Needham & Company LLC upped their target price on ServiceNow from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 11th. Canaccord Genuity Group set a $145.00 target price on ServiceNow in a research report on Thursday, October 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $175.00 price target (up from $125.00) on shares of ServiceNow in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and an average target price of $154.50.

Check Out Our Latest Analysis on NOW

ServiceNow Stock Performance

Shares of NOW stock opened at $102.86 on Tuesday. The business’s fifty day simple moving average is $135.47 and its 200-day simple moving average is $114.69. The company has a market cap of $106.77 billion, a PE ratio of 74.00, a PEG ratio of 2.13 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $175.00.

ServiceNow (NYSE:NOW – Get Free Report) last issued 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). The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.82 EPS. Analysts expect that ServiceNow, Inc. will post 2.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the sale, the insider directly owned 18,305 shares in the company, valued at approximately $2,706,760.35. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 7,847 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the sale, the insider owned 30,042 shares in the company, valued at $4,145,796. The trade was a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,081 shares of company stock worth $1,937,904 in the last ninety days. 0.34% of the stock is owned by insiders.

ServiceNow Profile

(Free Report)

ServiceNow, Inc provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations.

Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.

ServiceNow serves businesses and public-sector organizations around the world.