Wellington Management Group LLP Trims Stock Holdings in ServiceNow, Inc. $NOW

Wellington Management Group LLP decreased its position in ServiceNow, Inc. (NYSE:NOW) by 89.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 586,654 shares of the information technology services provider’s stock after selling 4,905,136 shares during the quarter. Wellington Management Group LLP owned approximately 0.06% of ServiceNow worth $58,243,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NOW. CBIZ Investment Advisory Services LLC increased its stake in shares of ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 135 shares in the last quarter. Blueline Advisors LLC bought a new position in ServiceNow during the 4th quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC raised its stake in ServiceNow by 560.0% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 140 shares during the last quarter. Wealth Watch Advisors INC raised its stake in ServiceNow by 432.3% during the fourth quarter. Wealth Watch Advisors INC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 134 shares during the last quarter. Finally, Bank of Jackson Hole Trust boosted its holdings in ServiceNow by 534.6% in the fourth quarter. Bank of Jackson Hole Trust now owns 165 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Enterprise AI software stocks are gaining broadly after Palantir announced an expanded PwC alliance, helping lift sentiment across peers including ServiceNow. The broader software rebound reflects reduced concern that AI will erode seat-based revenue. Palantir, ServiceNow and Salesforce rally
• Positive Sentiment: ServiceNow’s collaboration with Aramco Digital is expected to support AI-powered enterprise transformation and potentially broaden adoption of the Now Platform across more than 50 countries. The agreement reinforces ServiceNow’s position as a distribution platform for enterprise AI applications. ServiceNow and Aramco Digital collaboration
• Positive Sentiment: Third-party integrations are strengthening the AI narrative. Pricefx introduced a deal-optimization application on the ServiceNow AI Platform, adding AI-guided pricing, negotiation and product recommendations to enterprise sales workflows. ServiceNow as an enterprise AI commerce platform
• Neutral Sentiment: ServiceNow has rallied about 28% in a month, prompting debate over whether investors should take profits or add to positions. The rebound improves momentum but also raises valuation and execution concerns; NOW trades at a high earnings multiple, making further gains dependent on strong AI monetization and growth. ServiceNow rally and valuation analysis
• Negative Sentiment: A reported vulnerability in the ServiceNow AI Platform allegedly allows attackers to break out of a sandbox. If confirmed and not rapidly addressed, the issue could create cybersecurity, customer-trust and reputational risks. ServiceNow AI Platform sandbox vulnerability
• Negative Sentiment: Insider selling is creating a modest sentiment headwind. Paul Fipps sold 2,034 shares worth approximately $301,000, reducing his holdings by 10%. Such transactions can be routine, but the recent cluster of insider sales may encourage profit-taking after the sharp advance. Paul Fipps sells ServiceNow shares

Analyst Upgrades and Downgrades

NOW has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $140.00 price objective on shares of ServiceNow in a research report on Thursday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of ServiceNow in a report on Thursday, July 23rd. Benchmark reissued a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. BTIG Research restated a “buy” rating and issued a $150.00 price objective on shares of ServiceNow in a report on Wednesday, July 22nd. Finally, CLSA assumed coverage on ServiceNow in a research report on Monday, July 20th. They issued an “underperform” rating and a $72.00 price objective on the stock. 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 company’s stock. According to data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.24.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Jacqueline Canney sold 7,847 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the transaction, the insider directly owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the sale, the insider owned 18,305 shares of the company’s stock, valued at approximately $2,706,760.35. This represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,081 shares of company stock valued at $1,937,904. 0.34% of the stock is owned by company insiders.

ServiceNow Trading Up 6.8%

NYSE:NOW opened at $146.03 on Friday. The company has a market cap of $151.00 billion, a PE ratio of 91.27, a price-to-earnings-growth ratio of 2.49 and a beta of 0.97. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The company has a 50 day simple moving average of $116.35 and a two-hundred day simple moving average of $107.71. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $194.73.

ServiceNow (NYSE:NOW) last released its quarterly 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. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same period last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. Research analysts forecast that ServiceNow, Inc. will post 2.24 earnings per share for the current year.

ServiceNow Company Profile

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.