ServiceNow, Inc. $NOW Shares Bought by Capital Analysts LLC

Capital Analysts LLC grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 12,952.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,221 shares of the information technology services provider’s stock after purchasing an additional 5,181 shares during the quarter. Capital Analysts LLC’s holdings in ServiceNow were worth $518,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NOW. SVB Wealth LLC lifted its position in ServiceNow by 11.9% during the second quarter. SVB Wealth LLC now owns 2,618 shares of the information technology services provider’s stock worth $260,000 after buying an additional 278 shares during the period. NorthRock Partners LLC grew its holdings in ServiceNow by 29.2% in the 2nd quarter. NorthRock Partners LLC now owns 2,684 shares of the information technology services provider’s stock valued at $266,000 after buying an additional 606 shares during the period. Integrated Wealth Concepts LLC grew its holdings in ServiceNow by 42.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 238,407 shares of the information technology services provider’s stock valued at $23,669,000 after buying an additional 71,093 shares during the period. RFG Advisory LLC grew its holdings in ServiceNow by 272.3% in the 2nd quarter. RFG Advisory LLC now owns 20,284 shares of the information technology services provider’s stock valued at $2,014,000 after buying an additional 14,835 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of ServiceNow by 10.8% during the 2nd quarter. NewEdge Advisors LLC now owns 150,324 shares of the information technology services provider’s stock valued at $14,924,000 after acquiring an additional 14,641 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline P. Canney sold 7,847 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the completion of the sale, the insider 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the transaction, the director directly owned 43,990 shares in the company, valued at approximately $5,960,645. This represents a 5.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,081 shares of company stock valued at $1,937,904 over the last ninety days. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of ServiceNow from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Oppenheimer restated an “outperform” rating and issued a $140.00 target price (up from $130.00) on shares of ServiceNow in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on shares of ServiceNow from $145.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. DA Davidson set a $170.00 price target on shares of ServiceNow and gave the stock a “buy” rating in a research note on Monday, July 20th. Finally, Needham & Company LLC lifted their price target on shares of ServiceNow from $115.00 to $155.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $145.71.

ServiceNow Stock Performance

ServiceNow stock opened at $132.49 on Friday. The company has a market cap of $136.99 billion, a price-to-earnings ratio of 82.81, a price-to-earnings-growth ratio of 2.41 and a beta of 0.97. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $194.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50-day moving average is $120.27 and its 200-day moving average is $108.91.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 EPS. Equities analysts anticipate that ServiceNow, Inc. will post 2.22 earnings per share for the current year.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Needham raises ServiceNow target to $155: Needham & Company upgraded NOW to “buy” and increased its price target from $115 to $155, implying approximately 17% upside from the referenced share price. The move was part of a broader group of analyst target increases and is the clearest near-term catalyst for the stock. ServiceNow analyst forecasts
• Positive Sentiment: Agentic AI adoption is accelerating: ServiceNow is described as a leader in enterprise agentic AI, with production deployments increasing ninefold over nine months. Analysts expect AI-related revenue to grow substantially through 2030, supporting the long-term growth narrative. ServiceNow agentic AI analysis
• Positive Sentiment: Expanded AI visibility and ecosystem activity: ServiceNow will partner with Fortune on an October AI summit focused on commercializing AI, while RoboMQ launched an identity-governance application on the ServiceNow Store. These developments reinforce ServiceNow’s positioning as an enterprise workflow and AI platform, although they are unlikely to materially affect near-term revenue. Fortune AIQ Summit partnership
• Neutral Sentiment: Coverage on AI and cybersecurity highlights ServiceNow’s strategic relevance as businesses seek integrated automation, security and governance tools. However, the reports provide limited new financial guidance. AI and cybersecurity reshaping ServiceNow
• Negative Sentiment: Despite its growth prospects, AI revenue remains a relatively small portion of ServiceNow’s overall business, and the stock’s elevated valuation leaves it sensitive to any slowdown in enterprise spending or AI monetization.

ServiceNow Profile

ServiceNow, Inc is a cloud-based enterprise software company that provides digital workflow and automation solutions. Its Now Platform enables organizations to manage and connect business processes across information technology, customer service, human resources, finance, legal operations and other departments.

The company’s products and services include IT service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance management, strategic portfolio management and application development tools.