Oregon Public Employees Retirement Fund Purchases 95,039 Shares of ServiceNow, Inc. $NOW

Oregon Public Employees Retirement Fund boosted its position in ServiceNow, Inc. (NYSE:NOW) by 399.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 118,825 shares of the information technology services provider’s stock after purchasing an additional 95,039 shares during the period. Oregon Public Employees Retirement Fund’s holdings in ServiceNow were worth $18,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Wealth Group LLC Co. grew its stake in shares of ServiceNow by 3.2% during the 4th quarter. Summit Wealth Group LLC Co. now owns 6,969 shares of the information technology services provider’s stock worth $1,068,000 after acquiring an additional 217 shares during the period. Ameritas Advisory Services LLC raised its stake in ServiceNow by 2,606.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 2,598 shares of the information technology services provider’s stock valued at $398,000 after acquiring an additional 2,502 shares during the period. Independent Advisor Alliance lifted its holdings in ServiceNow by 424.5% during the fourth quarter. Independent Advisor Alliance now owns 50,529 shares of the information technology services provider’s stock valued at $7,741,000 after purchasing an additional 40,896 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in ServiceNow by 1,134.6% during the fourth quarter. Legacy Financial Advisors Inc. now owns 12,679 shares of the information technology services provider’s stock valued at $1,942,000 after purchasing an additional 11,652 shares during the last quarter. Finally, Atlantic Union Bankshares Corp boosted its position in ServiceNow by 407.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 62,458 shares of the information technology services provider’s stock worth $9,568,000 after purchasing an additional 50,151 shares during the period. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of ServiceNow from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Barclays reissued an “overweight” rating and set a $134.00 price target (up from $132.00) on shares of ServiceNow in a research report on Tuesday, May 5th. Wolfe Research set a $125.00 price objective on ServiceNow in a research report on Thursday, April 23rd. Macquarie Infrastructure decreased their price objective on shares of ServiceNow from $172.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Finally, DA Davidson reiterated a “buy” rating and set a $190.00 price target on shares of ServiceNow in a research report on Tuesday, May 5th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.71.

More ServiceNow News

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

Insider Buying and Selling

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s 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 transaction, the insider directly owned 26,314 shares in the company, valued at $2,781,652.94. This represents a 5.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction dated 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 $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,315 shares of company stock worth $2,510,682 over the last ninety days. 0.34% of the stock is owned by corporate insiders.

ServiceNow Stock Down 2.7%

ServiceNow stock opened at $89.03 on Wednesday. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $211.48. The stock has a fifty day moving average of $101.80 and a 200 day 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. The stock has a market cap of $91.79 billion, a PE ratio of 53.06, a price-to-earnings-growth ratio of 1.62 and a beta of 0.82.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts predict that ServiceNow, Inc. will post 2.35 EPS 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.