ServiceNow, Inc. $NOW Holdings Lowered by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in ServiceNow, Inc. (NYSE:NOW) by 54.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,522 shares of the information technology services provider’s stock after selling 156,280 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in ServiceNow were worth $17,223,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NOW. Bank of Nova Scotia raised its position in shares of ServiceNow by 53.3% during the 1st quarter. Bank of Nova Scotia now owns 1,018,036 shares of the information technology services provider’s stock valued at $106,436,000 after acquiring an additional 353,749 shares in the last quarter. Sapient Capital LLC boosted its holdings in ServiceNow by 266.0% in the second quarter. Sapient Capital LLC now owns 77,661 shares of the information technology services provider’s stock worth $7,710,000 after purchasing an additional 56,444 shares during the period. Meeder Advisory Services Inc. acquired a new position in ServiceNow in the second quarter worth $2,881,000. Vestor Capital LLC increased its stake in ServiceNow by 38,987.2% during the first quarter. Vestor Capital LLC now owns 122,343 shares of the information technology services provider’s stock valued at $12,791,000 after purchasing an additional 122,030 shares during the last quarter. Finally, Cardano Risk Management B.V. increased its stake in ServiceNow by 6.9% during the second quarter. Cardano Risk Management B.V. now owns 484,785 shares of the information technology services provider’s stock valued at $48,129,000 after purchasing an additional 31,119 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported 20.5% year-over-year revenue growth, supported by subscription demand, and raised its 2026 artificial-intelligence contract target to $1.7 billion. Management and bullish analysts argue that AI adoption could accelerate growth in 2027. ServiceNow: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts continue to rate NOW Buy or Overweight despite reducing their price targets. JPMorgan, Piper Sandler, Wells Fargo and Oppenheimer still see substantial long-term upside, suggesting the sell-off may have been excessive. ServiceNow stock is on track for its largest drop on record
• Positive Sentiment: A new partnership with BDO Canada will help organizations govern AI and automate operations using ServiceNow’s platform, providing potential support for future enterprise demand. BDO Canada partners with ServiceNow
• Neutral Sentiment: ServiceNow’s CEO has defended the company’s valuation and long-term opportunity, while a reported $3 million insider stock purchase may signal management confidence. However, such commentary has not offset investor concerns about guidance. ServiceNow CEO makes striking unicorn claim
• Negative Sentiment: The primary catalyst for the sell-off was management’s forecast for slower fourth-quarter current remaining performance obligation growth—about 18.5%, below the approximately 21.5% revenue-growth outlook. Because cRPO represents contracted future revenue, investors viewed the gap as a warning that demand may be weakening. ServiceNow Guides to Slower Backlog Growth
• Negative Sentiment: Third-quarter adjusted earnings of $1.00 per share fell short of the $1.02 consensus estimate. The miss, combined with concerns that AI could disrupt traditional software pricing and demand, overshadowed the revenue beat and higher AI target. ServiceNow shares plunge after earnings
• Negative Sentiment: Investors are also monitoring ServiceNow’s roughly $7.5 billion debt load and rising interest costs, while a shareholder investigation into potential securities-law violations adds reputational and legal uncertainty. ServiceNow’s Debt and Interest Costs Jump

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of ServiceNow from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Evercore reaffirmed an “outperform” rating on shares of ServiceNow in a research report on Tuesday, October 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of ServiceNow in a research note on Monday, August 3rd. Guggenheim reissued a “buy” rating and issued a $175.00 target price (up from $125.00) on shares of ServiceNow in a report on Friday, October 23rd. Finally, Argus lifted their target price on ServiceNow from $134.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, ServiceNow has a consensus rating of “Moderate Buy” and an average price target of $154.50.

ServiceNow Trading Down 4.1%

ServiceNow stock opened at $105.12 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.72 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $138.71 and a two-hundred day moving average price of $115.45. The firm has a market capitalization of $109.11 billion, a price-to-earnings ratio of 75.63, a PEG ratio of 1.94 and a beta of 0.99. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $189.53.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.02). ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $4.82 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. Sell-side analysts expect that ServiceNow, Inc. will post 2.14 earnings per share for the current year.

Insider Activity at ServiceNow

In related news, insider Paul Fipps sold 2,034 shares of the company’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 completion of the sale, the insider owned 18,305 shares of the company’s stock, valued at $2,706,760.35. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Chamberlain sold 2,700 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the transaction, the director owned 43,990 shares of the company’s stock, valued at $5,960,645. This represents a 5.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,081 shares of company stock worth $1,937,904 over the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

About ServiceNow

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.