ServiceNow, Inc. $NOW Holdings Increased by Leeward Financial Partners LLC

Leeward Financial Partners LLC raised its stake in ServiceNow, Inc. (NYSE:NOW) by 963.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,481 shares of the information technology services provider’s stock after acquiring an additional 25,802 shares during the period. Leeward Financial Partners LLC’s holdings in ServiceNow were worth $3,817,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. A. D. Beadell Investment Counsel Inc. lifted its holdings in shares of ServiceNow by 2.9% during the second quarter. A. D. Beadell Investment Counsel Inc. now owns 2,818 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 80 shares during the period. DUTCH ASSET Corp grew its holdings in shares of ServiceNow by 0.5% in the 3rd quarter. DUTCH ASSET Corp now owns 16,331 shares of the information technology services provider’s stock worth $2,189,000 after purchasing an additional 82 shares during the last quarter. Atwood & Palmer Inc. grew its holdings in shares of ServiceNow by 20.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 600 shares of the information technology services provider’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Diligent Investors LLC grew its holdings in shares of ServiceNow by 4.1% in the 3rd quarter. Diligent Investors LLC now owns 2,560 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 100 shares during the last quarter. Finally, Signature Wealth Management Partners LLC increased its position in shares of ServiceNow by 3.3% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 3,281 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 106 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Paul Fipps sold 2,034 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $147.87, for a total transaction of $300,767.58. Following the transaction, the insider owned 18,305 shares in the company, valued at $2,706,760.35. This represents a 10.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $135.50, for a total transaction of $365,850.00. Following the sale, the director directly owned 43,990 shares in the company, valued at approximately $5,960,645. This represents a 5.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,081 shares of company stock worth $1,937,904 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

Shares of NYSE:NOW opened at $159.29 on Monday. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $192.97. The firm has a market cap of $164.71 billion, a PE ratio of 99.56, a price-to-earnings-growth ratio of 2.92 and a beta of 0.99. 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 business has a fifty day moving average of $137.87 and a 200-day moving average of $115.48.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bank of America raised its price target to $180 ahead of ServiceNow’s third-quarter results, citing continued demand for AI-related products and services. The revised target signals confidence that AI adoption can support additional growth. Bank of America Boosts ServiceNow Forecast Ahead of Earnings
• Positive Sentiment: ServiceNow’s defense and national-security business is being positioned as a major growth driver over the next year. Management highlighted demand for workflow automation, AI, cybersecurity, logistics modernization and digital transformation among military and government agencies. ServiceNow Defense Business Interview
• Positive Sentiment: The company and Nvidia launched “Arc,” an AI agent designed to plan tasks and verify its work. The product reinforces ServiceNow’s strategy of embedding governed, enterprise-grade AI into its workflow platform, potentially supporting product adoption and customer spending. ServiceNow and Nvidia Launch Arc
• Positive Sentiment: ServiceNow was selected as a preferred idea on CNBC’s “Final Trades,” while Polen Capital highlighted the company’s AI opportunity and revenue-growth prospects. These endorsements add to favorable market sentiment, although they are not substitutes for operating results. ServiceNow on CNBC’s Final Trades
• Neutral Sentiment: Investors are focused on ServiceNow’s upcoming third-quarter earnings, with analysts examining subscription growth, current remaining performance obligations, margins and other operating metrics beyond revenue and EPS. Results and guidance could determine whether the recent rally continues. ServiceNow Q3 Performance Estimates
• Negative Sentiment: Comparisons with TD SYNNEX frame ServiceNow as a less obvious value investment. NOW’s premium valuation means the stock remains sensitive to an earnings or guidance disappointment, despite its strong growth prospects. SNX vs. NOW Value Comparison

Analysts Set New Price Targets

Several brokerages recently issued reports on NOW. Cantor Fitzgerald lifted their price target on shares of ServiceNow from $141.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, September 21st. Royal Bank Of Canada upped their price objective on shares of ServiceNow from $130.00 to $176.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. Evercore reaffirmed an “outperform” rating on shares of ServiceNow in a research note on Tuesday, October 13th. Truist Financial set a $180.00 price objective on shares of ServiceNow and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of ServiceNow from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ServiceNow presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.10.

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.