119,039 ServiceNow, Inc. $NOW Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp raised its position in ServiceNow, Inc. (NYSE:NOW) by 208.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,090 shares of the information technology services provider’s stock after acquiring an additional 119,039 shares during the quarter. King Luther Capital Management Corp’s holdings in ServiceNow were worth $23,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NOW. A. D. Beadell Investment Counsel Inc. increased its position in shares of ServiceNow by 2.9% in the 2nd 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 purchasing an additional 80 shares during the last quarter. DUTCH ASSET Corp raised 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 valued at $2,189,000 after purchasing an additional 82 shares in the last quarter. Atwood & Palmer Inc. lifted its position in shares of ServiceNow by 20.0% during 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 lifted its position in shares of ServiceNow by 4.1% during 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 grew its stake in shares of ServiceNow by 3.3% during the third 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. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Trading Down 2.1%

Shares of ServiceNow stock opened at $100.65 on Friday. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $175.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $104.47 billion, a P/E ratio of 72.41, a PEG ratio of 2.01 and a beta of 1.00. The company’s fifty day moving average is $132.97 and its two-hundred day moving average is $114.22.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the firm posted $4.82 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Analysts forecast that ServiceNow, Inc. will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on NOW. JPMorgan Chase & Co. increased their target price on ServiceNow from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Canaccord Genuity Group set a $145.00 price target on ServiceNow in a report on Thursday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $266.00 price objective on shares of ServiceNow in a research report on Tuesday, October 20th. Piper Sandler reiterated an “overweight” rating and issued a $175.00 price objective on shares of ServiceNow in a report on Thursday, October 29th. Finally, UBS Group reissued an “underweight” rating on shares of ServiceNow in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ServiceNow has an average rating of “Moderate Buy” and a consensus price target of $154.50.

Latest ServiceNow News

Here’s some of the latest news about NOW:

• Positive Sentiment: ServiceNow introduced an Autonomous CRM Engine intended to map existing systems and speed up legacy CRM migrations, with continuous monitoring to catch configuration issues. It is in controlled availability, with wider expansion planned for 2027; Datacom and Xactly are among the adopters. The launch could support customer adoption of its AI-powered workflow platform. ServiceNow launches Autonomous CRM Engine
• Neutral Sentiment: LicenseFortress added ServiceNow to its software-licensing advisory services, including cost reviews and renewal support. This may help customers manage licensing but does not directly signal new ServiceNow revenue. LicenseFortress expands services to include ServiceNow
• Negative Sentiment: Despite fresh agentic-AI partnership news, one analysis questions whether ServiceNow’s valuation is justified by current earnings. The concern comes as the stock has fallen sharply over the past year and the broader AI software selloff weighs on sentiment; investors are looking for evidence that AI products can translate into financial returns. Valuation concerns despite AI partnership news

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the sale, the director directly owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the transaction, the insider owned 18,305 shares in the company, valued at $2,706,760.35. This trade represents a 10.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,870 shares of company stock valued at $1,880,595 in the last ninety days. Insiders own 0.34% of the company’s stock.

About ServiceNow

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.