ServiceNow, Inc. $NOW Stock Holdings Increased by Groupama Asset Managment

Groupama Asset Managment grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 362.2% in the fourth quarter, HoldingsChannel reports. The fund owned 62,250 shares of the information technology services provider’s stock after buying an additional 48,783 shares during the period. Groupama Asset Managment’s holdings in ServiceNow were worth $9,536,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oak Grove Capital LLC increased its holdings in shares of ServiceNow by 412.0% during the fourth quarter. Oak Grove Capital LLC now owns 11,780 shares of the information technology services provider’s stock valued at $1,805,000 after purchasing an additional 9,479 shares during the period. Alpine Global Management LLC acquired a new stake in ServiceNow in the fourth quarter worth about $224,000. Anchor Investment Management LLC lifted its holdings in ServiceNow by 453.4% in the fourth quarter. Anchor Investment Management LLC now owns 7,355 shares of the information technology services provider’s stock worth $1,127,000 after purchasing an additional 6,026 shares during the period. TD Capital Management LLC grew its position in ServiceNow by 449.0% in the 4th quarter. TD Capital Management LLC now owns 785 shares of the information technology services provider’s stock valued at $120,000 after buying an additional 642 shares in the last quarter. Finally, Banque Transatlantique SA grew its position in ServiceNow by 64.0% in the 4th quarter. Banque Transatlantique SA now owns 28,735 shares of the information technology services provider’s stock valued at $4,400,000 after buying an additional 11,211 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow expanded its agentic AI ecosystem with new partnerships involving Wipro, Digimarc, and HPE, highlighting broader adoption of its platform for enterprise rollout, AI trust, and unified operations. ServiceNow (NOW) Expands Agentic AI With Wipro Digimarc And HPE Partnerships
• Positive Sentiment: Cognizant said ServiceNow AI Agents now interoperate with its Neuro AI Multi-Agent Accelerator, which could strengthen ServiceNow’s position in cross-platform enterprise AI orchestration. Cognizant expands cross-platform agentic AI with new ServiceNow AI Agent interoperability
• Positive Sentiment: Aria Systems and ServiceNow launched what they called the world’s first agentic BSS for telecoms, suggesting another vertical use case that could expand ServiceNow’s enterprise footprint. Aria Systems and ServiceNow Replace Decades of Complexity by Launching the World’s First Agentic BSS for Telecoms
• Positive Sentiment: Analyst coverage remains upbeat: one roundup cited 90% of 50 analysts with Buy ratings and an average price target implying meaningful upside, reinforcing the stock’s long-term AI growth narrative. Why is ServiceNow (NOW) the Best Generative AI Software Stock to Buy in June
• Neutral Sentiment: Zacks highlighted ServiceNow’s AI Control Tower as a potential future growth engine, but the article was more of a thesis piece than a hard catalyst. Can AI Control Tower Become ServiceNow’s Next Growth Engine?

Wall Street Analyst Weigh In

NOW has been the topic of a number of recent analyst reports. Piper Sandler dropped their price target on shares of ServiceNow from $200.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Citizens Jmp reiterated a “market outperform” rating and issued a $157.00 price objective on shares of ServiceNow in a report on Tuesday, May 5th. Evercore raised their price objective on shares of ServiceNow from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. TD Cowen reissued a “buy” rating and set a $140.00 target price on shares of ServiceNow in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded ServiceNow from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $142.17.

ServiceNow Price Performance

Shares of NYSE NOW opened at $95.51 on Friday. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $98.47 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 1.58 and a beta of 0.94. The firm has a 50-day moving average of $99.60 and a two-hundred day moving average of $117.97.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data 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 net margin of 12.59% and a return on equity of 18.16%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts expect that ServiceNow, Inc. will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total value of $1,482,352.30. Following the transaction, the director owned 30,090 shares of the company’s stock, valued at approximately $2,712,312.60. This represents a 35.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Fipps sold 1,048 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $98.51, for a total value of $103,238.48. Following the sale, the insider owned 12,072 shares of the company’s stock, valued at $1,189,212.72. This trade represents a 7.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 28,071 shares of company stock valued at $2,529,956 in the last ninety days. Company insiders own 0.34% of the company’s stock.

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.