Integrated Advisors Network LLC Sells 7,126 Shares of ServiceNow, Inc. $NOW

Integrated Advisors Network LLC lessened its holdings in ServiceNow, Inc. (NYSE:NOW) by 15.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 39,242 shares of the information technology services provider’s stock after selling 7,126 shares during the quarter. Integrated Advisors Network LLC’s holdings in ServiceNow were worth $5,259,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NOW. Harfst & Associates Inc. purchased a new position in shares of ServiceNow in the 3rd quarter valued at $235,000. Robeco Institutional Asset Management B.V. raised its position in shares of ServiceNow by 154.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 824,546 shares of the information technology services provider’s stock worth $110,497,000 after acquiring an additional 500,196 shares in the last quarter. Zullo Investment Group Inc. raised its position in shares of ServiceNow by 4.5% in the 3rd quarter. Zullo Investment Group Inc. now owns 5,940 shares of the information technology services provider’s stock worth $796,000 after acquiring an additional 255 shares in the last quarter. Petredis Investment Advisors LLC lifted its stake in shares of ServiceNow by 0.6% during the 3rd quarter. Petredis Investment Advisors LLC now owns 31,651 shares of the information technology services provider’s stock worth $4,242,000 after purchasing an additional 179 shares during the last quarter. Finally, Rare Wolf Capital LLC boosted its position in ServiceNow by 0.3% during the third quarter. Rare Wolf Capital LLC now owns 40,559 shares of the information technology services provider’s stock valued at $5,435,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on NOW shares. Morgan Stanley set a $180.00 target price on ServiceNow in a research note on Tuesday, July 21st. JPMorgan Chase & Co. increased their price target on shares of ServiceNow from $145.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of ServiceNow in a research report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating on shares of ServiceNow in a report on Tuesday, October 13th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $175.00) on shares of ServiceNow in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.71.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Analyst support and upcoming earnings: BMO Capital Markets named ServiceNow a new Top Pick, while Bernstein raised its price target to $266 and Piper Sandler and TD Cowen also lifted targets. Investors are looking for evidence of continued customer upgrades and AI-driven growth in the third-quarter report expected October 28. These 2 software stocks are new Top Picks at BMO
• Positive Sentiment: AI monetization remains the central catalyst: ServiceNow is expanding zero-code AI-agent tools, governance capabilities and workflow automation across IT, human resources, customer service and other enterprise functions. Its recent quarter showed approximately 24% year-over-year revenue growth, supporting the argument that the company can convert AI demand into higher-margin software sales. ServiceNow Orchestrates AI’s Next Act—Can Earnings Deliver?
• Positive Sentiment: Technical momentum is improving: A bullish flag breakout and stronger moving-average structure could support a move through $154, with one forecast identifying a potential path toward $211 if resistance is cleared. ServiceNow Price Forecast: $154 Breakout Could Extend Recovery
• Positive Sentiment: ServiceNow expanded a partnership with Simplify Alpha to develop AI-powered, payer-specific solutions for health insurers, potentially opening another vertical for workflow and automation growth. Simplify Alpha Expands Partnership with ServiceNow
• Neutral Sentiment: ServiceNow was highlighted as a favored name in CNBC’s “Final Trades,” adding visibility among retail and professional investors. CNBC’s Final Trades
• Negative Sentiment: Risks include a premium valuation near 93 times trailing earnings, increased short interest, a current ratio below 1.0 and another round of San Diego sales-job cuts. These factors could limit upside if upcoming results fail to justify elevated expectations. ServiceNow cuts San Diego sales jobs

ServiceNow Trading Up 3.0%

Shares of NYSE:NOW opened at $149.70 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $192.97. The stock has a market cap of $154.79 billion, a price-to-earnings ratio of 93.56, a PEG ratio of 2.67 and a beta of 0.99. The business has a 50-day moving average price of $136.01 and a 200-day moving average price of $114.34.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, beating 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 analyst estimates of $3.93 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. ServiceNow’s revenue for the quarter was up 24.0% on a year-over-year basis. Equities analysts predict that ServiceNow, Inc. will post 2.22 EPS for the current year.

Insider Buying and Selling at ServiceNow

In related news, insider Paul Fipps sold 2,034 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the sale, the insider directly owned 18,305 shares of the company’s stock, valued at $2,706,760.35. This trade represents a 10.00% 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. Also, insider Jacqueline P. Canney sold 7,847 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the sale, the insider directly owned 30,042 shares in the company, valued at $4,145,796. The trade was a 20.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,081 shares of company stock worth $1,937,904. Company insiders own 0.34% of the company’s stock.

ServiceNow Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.