8,477 ServiceNow, Inc. $NOW Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 4.6% in the third quarter, Holdings Channel reports. The fund owned 192,271 shares of the information technology services provider’s stock after purchasing an additional 8,477 shares during the period. Nisa Investment Advisors LLC’s holdings in ServiceNow were worth $25,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Financial Management LLC increased its holdings in shares of ServiceNow by 72.8% in the second quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 107 shares during the period. CrossGen Wealth LLC acquired a new stake in shares of ServiceNow during the first quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of ServiceNow by 4,157.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 298 shares of the information technology services provider’s stock worth $46,000 after purchasing an additional 291 shares during the period. Marquette Asset Management LLC lifted its holdings in shares of ServiceNow by 75.0% during the second quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 129 shares during the period. Finally, Kilter Group LLC purchased a new position in ServiceNow in the 2nd quarter valued at $31,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NOW. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of ServiceNow from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 21st. Zacks Research cut shares of ServiceNow from a “hold” rating to a “strong sell” rating in a research note on Monday. Stifel Nicolaus set a $160.00 target price on shares of ServiceNow and gave the stock a “buy” rating in a research note on Tuesday, October 6th. Truist Financial set a $180.00 target price on shares of ServiceNow and gave the company a “buy” rating in a report on Wednesday. Finally, Mizuho set a $170.00 price target on shares of ServiceNow and gave the stock an “outperform” rating in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $153.90.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction on Monday, August 31st. The shares were 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 in the company, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline Canney sold 7,847 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 30,042 shares in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 14,081 shares of company stock valued at $1,937,904. 0.34% of the stock is owned by company insiders.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow and NVIDIA launched Arc, an AI agent designed for enterprise and Mac workflows. The partnership strengthens ServiceNow’s position in AI orchestration and could support adoption of its platform across corporate environments. ServiceNow and Nvidia launch Arc, a new AI agent for enterprise
• Positive Sentiment: ServiceNow’s AI-related contract value has reportedly surpassed $1 billion, reinforcing the view that its AI products are moving from experimentation toward meaningful monetization. The stock has rallied sharply over the past three months as investors anticipate further enterprise demand. ServiceNow Rallies 43% in Three Months as AI Contract Value Tops $1 Billion
• Positive Sentiment: Analysts have raised price targets ahead of ServiceNow’s October 28 earnings report. Bernstein set a Street-high $266 target, while Piper Sandler and TD Cowen also increased targets, citing AI-driven workflow tools, customer upgrades and federal demand. ServiceNow Orchestrates AI’s Next Act—Can Earnings Deliver?
• Neutral Sentiment: Investors are focused on the upcoming quarterly report. ServiceNow’s latest quarter showed 24% revenue growth to approximately $3.99 billion and an earnings beat, but some forecasts call for a single-digit earnings decline in the next report, raising the bar for continued upside. ServiceNow’s Quarterly Earnings Preview
• Negative Sentiment: Zacks Research downgraded ServiceNow from “hold” to “strong sell,” adding pressure ahead of earnings. The downgrade reflects concerns that expectations may already discount much of the AI opportunity.
• Negative Sentiment: ServiceNow may need stronger cash flow to finance its AI expansion. With a roughly 96 price-to-earnings ratio and current and quick ratios near 0.70, the stock remains vulnerable if AI investments do not translate into accelerating profits and cash generation. ServiceNow Needs Stronger Cash Flow to Support Its AI Expansion

ServiceNow Stock Up 2.4%

NOW opened at $153.08 on Thursday. 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 business has a 50 day simple moving average of $136.57 and a 200-day simple moving average of $114.70. The stock has a market capitalization of $158.29 billion, a P/E ratio of 95.68, a P/E/G ratio of 2.75 and a beta of 0.99. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $192.97.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share 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 the consensus estimate of $3.93 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, equities analysts anticipate that ServiceNow, Inc. will post 2.22 earnings per share for the current fiscal year.

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.