ServiceNow, Inc. $NOW Shares Acquired by Montag A & Associates Inc.

Montag A & Associates Inc. increased its holdings in ServiceNow, Inc. (NYSE:NOW) by 3,264.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,259 shares of the information technology services provider’s stock after purchasing an additional 27,419 shares during the period. Montag A & Associates Inc.’s holdings in ServiceNow were worth $2,954,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NOW. Renasant Bank boosted its stake in ServiceNow by 11.3% in the 1st quarter. Renasant Bank now owns 4,145 shares of the information technology services provider’s stock worth $433,000 after buying an additional 420 shares during the last quarter. Navalign LLC increased its stake in shares of ServiceNow by 16,642.9% during the 1st quarter. Navalign LLC now owns 11,720 shares of the information technology services provider’s stock valued at $1,225,000 after acquiring an additional 11,650 shares during the last quarter. Addison Capital Co lifted its holdings in shares of ServiceNow by 24.8% during the 1st quarter. Addison Capital Co now owns 5,614 shares of the information technology services provider’s stock worth $587,000 after acquiring an additional 1,117 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of ServiceNow by 39.0% in the first quarter. Resonant Capital Advisors LLC now owns 3,990 shares of the information technology services provider’s stock worth $417,000 after acquiring an additional 1,120 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in shares of ServiceNow by 7.2% in the 1st quarter. United Asset Strategies Inc. now owns 126,056 shares of the information technology services provider’s stock valued at $13,179,000 after purchasing an additional 8,484 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow shares have been lifted by a broader rotation into beaten-down software stocks, with investors moving away from high-flying semiconductors and into enterprise software names. ServiceNow (NOW) Stock Is Up, What You Need To Know
• Positive Sentiment: Traders are also reacting to a more constructive analyst tone and fresh AI product momentum, with Guggenheim reportedly dismissing the “software extinction” thesis and upgrading ServiceNow. Why ServiceNow Stock Is Climbing After Guggenheim Dismisses Software ‘Extinction’ Valuation
• Positive Sentiment: ServiceNow is gaining attention for new AI and government/defense partnerships, including work tied to mission-critical biosurveillance and state health systems, which could expand its addressable market beyond workflow automation. ServiceNow (NOW) Lands Defense And State AI Partnerships That Reach Beyond Workflows
• Positive Sentiment: Another bullish angle is that outside coverage is arguing the “AI bear case” against ServiceNow is weakening, reinforcing the idea that the stock may still have upside despite valuation concerns. ServiceNow: The AI Bear Case Is Falling Apart
• Neutral Sentiment: Several recent pieces, including comparisons with Salesforce and EPAM, are largely valuation and strategy debates rather than immediate catalysts, so they are more likely to shape longer-term sentiment than today’s trading. EPAM or NOW: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: ServiceNow’s appearance in “most watched” and “final trades” media coverage is adding visibility, but these mentions do not appear to be tied to a fundamental business update. ServiceNow, Inc. (NOW) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Macro risk is still present for software stocks, as Middle East tensions pressured peers like Palantir and Salesforce; that kind of market weakness could spill over into ServiceNow if risk appetite fades. Palantir Leads Software Stocks Lower

Analyst Ratings Changes

Several research firms have recently weighed in on NOW. Citic Securities decreased their target price on ServiceNow from $168.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, May 21st. HSBC cut their price objective on ServiceNow from $226.00 to $171.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Sanford C. Bernstein restated an “outperform” rating on shares of ServiceNow in a research note on Monday, June 29th. Mizuho lowered their target price on ServiceNow from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, BNP Paribas Exane upgraded ServiceNow from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $141.22.

Insiders Place Their Bets

In other ServiceNow news, insider Jacqueline P. Canney sold 8,927 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $89.60, for a total value of $799,859.20. Following the transaction, the insider directly owned 29,531 shares of the company’s stock, valued at $2,645,977.60. This represents a 23.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Fipps sold 1,048 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $98.51, for a total value of $103,238.48. Following the transaction, the insider owned 12,072 shares of the company’s stock, valued at approximately $1,189,212.72. This trade represents a 7.99% 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. Insiders have sold 28,071 shares of company stock worth $2,529,956 in the last quarter. Company insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

ServiceNow stock opened at $107.87 on Thursday. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $210.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $111.22 billion, a price-to-earnings ratio of 64.29, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96. The firm’s fifty day moving average price is $101.74 and its 200 day moving average price is $111.62.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.97. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. On average, research analysts forecast that ServiceNow, Inc. will post 2.34 EPS 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.