Caldwell Investment Management Ltd. Has $1.08 Million Stock Position in ServiceNow, Inc. $NOW

Caldwell Investment Management Ltd. boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 400.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,000 shares of the information technology services provider’s stock after buying an additional 5,600 shares during the period. ServiceNow makes up about 0.7% of Caldwell Investment Management Ltd.’s holdings, making the stock its 24th biggest position. Caldwell Investment Management Ltd.’s holdings in ServiceNow were worth $1,079,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Paragon Private Wealth Management LLC raised its position in ServiceNow by 390.7% during the fourth quarter. Paragon Private Wealth Management LLC now owns 5,648 shares of the information technology services provider’s stock valued at $865,000 after buying an additional 4,497 shares during the period. Cunning Capital Partners LP raised its position in ServiceNow by 400.0% during the fourth quarter. Cunning Capital Partners LP now owns 17,025 shares of the information technology services provider’s stock valued at $2,608,000 after buying an additional 13,620 shares during the period. GW&K Investment Management LLC raised its position in ServiceNow by 399.4% during the fourth quarter. GW&K Investment Management LLC now owns 99,876 shares of the information technology services provider’s stock valued at $15,300,000 after buying an additional 79,877 shares during the period. Motley Fool Wealth Management LLC raised its position in ServiceNow by 297.8% during the fourth quarter. Motley Fool Wealth Management LLC now owns 79,275 shares of the information technology services provider’s stock valued at $12,144,000 after buying an additional 59,349 shares during the period. Finally, Motley Fool Asset Management LLC raised its position in ServiceNow by 546.6% during the fourth quarter. Motley Fool Asset Management LLC now owns 108,285 shares of the information technology services provider’s stock valued at $16,588,000 after buying an additional 91,539 shares during the period. 87.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NOW has been the topic of several research reports. TD Cowen reaffirmed a “buy” rating and issued a $140.00 target price on shares of ServiceNow in a research report on Thursday, April 23rd. Mizuho dropped their target price on ServiceNow from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Citigroup upped their target price on ServiceNow from $154.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird dropped their target price on ServiceNow from $125.00 to $118.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Finally, Citic Securities dropped their target price on ServiceNow from $168.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus target price of $141.85.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Industry commentary from Thoma Bravo’s Orlando Bravo said fears of an AI-driven “SaaSpocalypse” are fading, calling AI an “enormous tailwind” for software companies. “SaaSpocalypse is over,” Thoma Bravo founder says
• Positive Sentiment: ServiceNow continues to see ecosystem support, including a new NICE AI-first integration designed to unify customer engagement and enterprise workflows, which reinforces demand for its platform. NICE Launches AI-First ServiceNow Integration to Unify Customer Engagement and Enterprise Workflows
• Neutral Sentiment: Several market-watch articles are comparing NOW with peer ExlService Holdings on valuation, suggesting investors are still debating whether ServiceNow’s recent pullback makes the stock attractive. EXLS vs. NOW: Which Stock Is the Better Value Option?
• Neutral Sentiment: Recent articles also frame the stock as part of a broader risk-off move in software and technology, with the Nasdaq weakening and high-multiple names coming under pressure. Nasdaq Slides as Chip Stocks Reverse Course
• Negative Sentiment: Benzinga reported that ServiceNow shares are sliding as investors turn defensive and reassess the recent rebound in enterprise software, adding to short-term selling pressure. ServiceNow Shares Are Sliding Tuesday: What’s Going On?

Insider Buying and Selling

In other news, Director Anita M. Sands sold 16,445 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the completion of the sale, the director owned 30,090 shares in the company, valued at approximately $2,712,312.60. This represents a 35.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jacqueline P. Canney sold 8,927 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $89.60, for a total value of $799,859.20. Following the sale, the insider owned 29,531 shares of the company’s stock, valued at approximately $2,645,977.60. This trade represents a 23.21% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 28,071 shares of company stock worth $2,529,956. Insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

Shares of NOW stock opened at $106.80 on Wednesday. The firm has a market cap of $110.11 billion, a P/E ratio of 63.65, a PEG ratio of 1.89 and a beta of 0.94. The stock’s 50-day moving average is $99.84 and its two-hundred day moving average is $120.97. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84.

ServiceNow (NYSE:NOW) last released its quarterly 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. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. Analysts predict that ServiceNow, Inc. will post 2.35 earnings per share for the current fiscal year.

About ServiceNow

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.