Partners Wealth Management LLC Acquires 7,288 Shares of ServiceNow, Inc. $NOW

Partners Wealth Management LLC acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the third quarter, HoldingsChannel reports. The institutional investor acquired 7,288 shares of the information technology services provider’s stock, valued at approximately $977,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NOW. BlackRock Inc. acquired a new position in ServiceNow in the 2nd quarter valued at about $9,536,615,000. Bank of New York Mellon Corp acquired a new stake in shares of ServiceNow during the 2nd quarter worth about $712,573,000. Legal & General Group Plc acquired a new stake in shares of ServiceNow during the 2nd quarter worth about $641,888,000. Bank of America Corp DE acquired a new stake in shares of ServiceNow during the 2nd quarter worth about $627,355,000. Finally, Deutsche Bank AG purchased a new stake in shares of ServiceNow during the second quarter worth about $595,157,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported 20.5% year-over-year revenue growth, supported by subscription demand, and raised its 2026 artificial-intelligence contract target to $1.7 billion. Management and bullish analysts argue that AI adoption could accelerate growth in 2027. ServiceNow: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts continue to rate NOW Buy or Overweight despite reducing their price targets. JPMorgan, Piper Sandler, Wells Fargo and Oppenheimer still see substantial long-term upside, suggesting the sell-off may have been excessive. ServiceNow stock is on track for its largest drop on record
• Positive Sentiment: A new partnership with BDO Canada will help organizations govern AI and automate operations using ServiceNow’s platform, providing potential support for future enterprise demand. BDO Canada partners with ServiceNow
• Neutral Sentiment: ServiceNow’s CEO has defended the company’s valuation and long-term opportunity, while a reported $3 million insider stock purchase may signal management confidence. However, such commentary has not offset investor concerns about guidance. ServiceNow CEO makes striking unicorn claim
• Negative Sentiment: The primary catalyst for the sell-off was management’s forecast for slower fourth-quarter current remaining performance obligation growth—about 18.5%, below the approximately 21.5% revenue-growth outlook. Because cRPO represents contracted future revenue, investors viewed the gap as a warning that demand may be weakening. ServiceNow Guides to Slower Backlog Growth
• Negative Sentiment: Third-quarter adjusted earnings of $1.00 per share fell short of the $1.02 consensus estimate. The miss, combined with concerns that AI could disrupt traditional software pricing and demand, overshadowed the revenue beat and higher AI target. ServiceNow shares plunge after earnings
• Negative Sentiment: Investors are also monitoring ServiceNow’s roughly $7.5 billion debt load and rising interest costs, while a shareholder investigation into potential securities-law violations adds reputational and legal uncertainty. ServiceNow’s Debt and Interest Costs Jump

Insider Buying and Selling

In other ServiceNow news, Director Paul Chamberlain sold 2,700 shares of ServiceNow stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total value of $365,850.00. Following the transaction, the director owned 43,990 shares in the company, valued at $5,960,645. This trade represents a 5.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jacqueline P. Canney sold 7,847 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the sale, the insider directly owned 30,042 shares of the company’s stock, valued at $4,145,796. This represents a 20.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 14,081 shares of company stock valued at $1,937,904. Insiders own 0.34% of the company’s stock.

ServiceNow Trading Down 4.1%

NYSE NOW opened at $105.12 on Friday. The company has a market cap of $109.11 billion, a P/E ratio of 75.63, a P/E/G ratio of 2.02 and a beta of 0.99. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $189.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.70. The company has a 50-day moving average of $138.71 and a 200-day moving average of $115.45.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). ServiceNow had a return on equity of 15.17% and a net margin of 9.36%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the business posted $4.82 earnings per share. ServiceNow’s revenue was up 20.5% on a year-over-year basis. As a group, equities analysts predict that ServiceNow, Inc. will post 2.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and issued a $160.00 price objective on shares of ServiceNow in a research report on Thursday. Guggenheim restated a “buy” rating and set a $175.00 target price (up from $125.00) on shares of ServiceNow in a research report on Friday, October 23rd. Bank of America lifted their target price on shares of ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Benchmark reaffirmed a “buy” rating on shares of ServiceNow in a research note on Friday, July 17th. Finally, Robert W. Baird set a $185.00 price target on ServiceNow in a report on Thursday. One equities research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.50.

ServiceNow Company Profile

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.