Odyssey Capital Advisors Inc. Acquires New Position in ServiceNow, Inc. $NOW

Odyssey Capital Advisors Inc. acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,726 shares of the information technology services provider’s stock, valued at approximately $877,000.

A number of other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC raised its holdings in shares of ServiceNow by 309.5% during the 4th quarter. TD Private Client Wealth LLC now owns 8,333 shares of the information technology services provider’s stock valued at $1,277,000 after buying an additional 6,298 shares in the last quarter. Integrated Investment Consultants LLC raised its holdings in shares of ServiceNow by 496.9% during the 4th quarter. Integrated Investment Consultants LLC now owns 2,680 shares of the information technology services provider’s stock valued at $411,000 after buying an additional 2,231 shares in the last quarter. Tucker Asset Management LLC purchased a new position in shares of ServiceNow during the 4th quarter valued at about $70,000. Gamco Investors INC. ET AL raised its holdings in shares of ServiceNow by 413.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 25,121 shares of the information technology services provider’s stock valued at $3,848,000 after buying an additional 20,225 shares in the last quarter. Finally, High Note Wealth LLC raised its holdings in shares of ServiceNow by 541.2% during the 4th quarter. High Note Wealth LLC now owns 218 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 184 shares in the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

ServiceNow Price Performance

NOW opened at $95.15 on Monday. The stock’s 50 day simple moving average is $100.52 and its 200 day simple moving average is $128.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.84 and a quick ratio of 0.84. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48. The firm has a market cap of $98.10 billion, a price-to-earnings ratio of 56.71, a PEG ratio of 1.61 and a beta of 0.82.

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

Insider Activity at ServiceNow

In other news, insider Paul Fipps sold 9,641 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider directly owned 11,757 shares of the company’s stock, valued at approximately $1,245,419.01. The trade was a 45.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 8,927 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were 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 in the company, valued at $2,645,977.60. This trade represents a 23.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,415 shares of company stock worth $2,210,933. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NOW has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Raymond James Financial decreased their price objective on ServiceNow from $160.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. BMO Capital Markets decreased their price objective on ServiceNow from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating and set a $135.00 price objective (down from $175.00) on shares of ServiceNow in a report on Thursday, April 23rd. Finally, Benchmark began coverage on ServiceNow in a report on Wednesday, April 1st. They set a “buy” rating and a $125.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.71.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow and Experian announced a new multi-year global partnership to embed autonomous AI capabilities into workflows such as employee onboarding and third-party risk management, which could deepen platform adoption and expand use cases. Experian Partners With ServiceNow to Scale Trusted Decisioning to Agentic AI
• Positive Sentiment: ServiceNow also expanded AI and automation partnerships with Accenture and FedEx Dataworks, signaling stronger enterprise demand for its workflow platform and potential conversion of pilot projects into full production deployments. ServiceNow AI Partnerships Aim To Turn Pilot Projects Into Core Workflows
• Positive Sentiment: The company completed a $4 billion multi-tranche debt offering, which should improve financing flexibility even though it increases leverage. ServiceNow Completes $4 Billion Multi-Tranche Debt Offering
• Neutral Sentiment: Commentary from analysts highlights ServiceNow’s expanding customer base, 22% subscription revenue growth, and strong remaining performance obligations visibility, reinforcing expectations for continued top-line growth. Can an Expanding Clientele Boost ServiceNow’s Top-Line Growth?
• Negative Sentiment: Some market coverage and options activity suggest the stock has been under pressure recently, reflecting lingering concerns about valuation and post-earnings weakness. See ServiceNow Stock Heading Lower? This Trade Profits From Further Downside.

ServiceNow 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.