ServiceNow, Inc. $NOW Stock Holdings Raised by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,071 shares of the information technology services provider’s stock after purchasing an additional 7,914 shares during the quarter. Maryland State Retirement & Pension System’s holdings in ServiceNow were worth $8,452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOW. BlackRock Inc. purchased a new stake in shares of ServiceNow during the 2nd quarter valued at approximately $9,536,615,000. State Street Corp grew its stake in 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 buying 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 ServiceNow by 16.6% during 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 acquiring an additional 2,362,606 shares during the period. Amundi raised its holdings in ServiceNow by 60.9% during the 1st quarter. Amundi now owns 11,479,098 shares of the information technology services provider’s stock valued at $1,200,140,000 after acquiring 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% during the first 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 acquiring an additional 518,263 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Down 2.1%

Shares of NYSE:NOW opened at $100.65 on Friday. The firm has a fifty day moving average price of $132.97 and a two-hundred day moving average price of $114.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $175.00. The company has a market cap of $104.47 billion, a price-to-earnings ratio of 72.41, a PEG ratio of 2.01 and a beta of 1.00.

ServiceNow (NYSE:NOW) last released its quarterly earnings results 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). The firm 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 firm’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.82 earnings per share. Analysts anticipate that ServiceNow, Inc. will post 2.12 EPS for the current fiscal year.

More ServiceNow News

These are some of the NOW news items that stood out recently:

• 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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $165.00 price target on shares of ServiceNow in a research report on Thursday, October 29th. Argus reiterated a “buy” rating and set a $170.00 price objective on shares of ServiceNow in a research note on Tuesday, November 3rd. KeyCorp reissued an “underweight” rating and set a $110.00 price objective (up from $85.00) on shares of ServiceNow in a report on Thursday, October 29th. Deutsche Bank raised their target price on ServiceNow from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. Finally, Cantor Fitzgerald lifted their target price on ServiceNow from $174.00 to $201.00 and gave the company an “overweight” rating in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.50.

Insider Buying and Selling

In related news, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction on Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the completion of the sale, the insider owned 18,305 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline Canney sold 1,289 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $101.70, for a total value of $131,091.30. Following the transaction, the insider owned 30,042 shares of the company’s stock, valued at approximately $3,055,271.40. The trade was a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders have sold 13,870 shares of company stock worth $1,880,595. Corporate insiders own 0.34% of the company’s stock.

ServiceNow Profile

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.