WCG Wealth Advisors LLC Takes $4.18 Million Position in ServiceNow, Inc. $NOW

WCG Wealth Advisors LLC bought a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,268 shares of the information technology services provider’s stock, valued at approximately $4,177,000.

Other large investors have also recently made changes to their positions in the company. Nvest Financial LLC grew its holdings in shares of ServiceNow by 508.0% in the fourth quarter. Nvest Financial LLC now owns 2,365 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 1,976 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of ServiceNow by 563.5% in the 4th quarter. CIBC Asset Management Inc now owns 290,094 shares of the information technology services provider’s stock worth $44,440,000 after buying an additional 246,371 shares during the last quarter. Marble Wealth LLC purchased a new stake in shares of ServiceNow during the 4th quarter valued at about $390,000. Bank of New York Mellon Corp raised its position in shares of ServiceNow by 409.0% during the 4th quarter. Bank of New York Mellon Corp now owns 8,008,668 shares of the information technology services provider’s stock valued at $1,226,848,000 after buying an additional 6,435,140 shares in the last quarter. Finally, Rational Advisors Inc. lifted its holdings in shares of ServiceNow by 442.4% in the 4th quarter. Rational Advisors Inc. now owns 25,839 shares of the information technology services provider’s stock valued at $3,958,000 after acquiring an additional 21,075 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NOW. Oppenheimer reaffirmed an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 26th. Wall Street Zen downgraded ServiceNow from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. KeyCorp set a $85.00 price target on shares of ServiceNow and gave the stock an “underweight” rating in a research report on Thursday, April 23rd. Sanford C. Bernstein reissued an “outperform” rating and set a $236.00 price objective (up from $226.00) on shares of ServiceNow in a report on Wednesday, May 6th. Finally, Evercore increased their target price on ServiceNow from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.85.

Insider Buying and Selling

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.23, for a total value of $130,845.00. Following the sale, the director owned 44,930 shares in the company, valued at $3,919,243.90. This represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anita M. Sands sold 16,445 shares of ServiceNow stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total value of $1,482,352.30. Following the transaction, the director owned 30,090 shares of the company’s stock, valued at approximately $2,712,312.60. This represents a 35.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,071 shares of company stock valued at $2,529,956 over the last quarter. 0.34% of the stock is currently owned by company insiders.

ServiceNow Price Performance

NYSE NOW opened at $119.53 on Friday. 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 stock’s fifty day moving average price is $99.29 and its 200 day moving average price is $122.10. The company has a market cap of $123.24 billion, a price-to-earnings ratio of 71.24, a PEG ratio of 1.95 and a beta of 0.94. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting analysts’ consensus estimates of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts forecast that ServiceNow, Inc. will post 2.35 earnings per share for the current year.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: William Blair reiterated a Buy rating on ServiceNow, citing accelerating AI adoption, a model-agnostic architecture, and a path to $30 billion in revenue by 2030, which supports the stock’s valuation. Article Title
• Positive Sentiment: Analysts and commentary around EmployeeWorks suggest it could become a major growth driver, with rapid traction, larger deals, and broader enterprise AI adoption helping reinforce the bullish long-term thesis for NOW. Article Title
• Positive Sentiment: ServiceNow also announced a $2.5 million grant to City Year to support student success and workforce pathways, while expanding AI-enabled operational innovation—another signal that the company is using its platform to deepen enterprise and social impact. Article Title
• Neutral Sentiment: ServiceNow’s recent conference presentations and valuation-focused coverage kept the company in the spotlight, but these items were mostly reinforcing existing themes rather than introducing major new fundamentals.
• Negative Sentiment: Recent valuation discussion notes that NOW remains well below its highs and still faces questions after a mixed year of share-price performance, which may remind investors that the stock’s strong rally has already priced in a lot of optimism. Article Title

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.