135,685 ServiceNow, Inc. $NOW Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. decreased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,757,335 shares of the information technology services provider’s stock after selling 135,685 shares during the quarter. Eurizon Capital SGR S.p.A. owned about 0.17% of ServiceNow worth $233,782,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PBU The Pension Fund of Early Childhood & Youth Educators increased its position in shares of ServiceNow by 28.0% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 290,735 shares of the information technology services provider’s stock valued at $38,961,000 after acquiring an additional 63,636 shares during the period. CENTRAL TRUST Co raised its stake in ServiceNow by 4.4% in the 3rd quarter. CENTRAL TRUST Co now owns 10,876 shares of the information technology services provider’s stock worth $1,457,000 after acquiring an additional 460 shares during the last quarter. Fifth Third Bancorp acquired a new stake in ServiceNow during the 3rd quarter worth about $85,754,000. Three Bridge Wealth Advisors LLC acquired a new stake in ServiceNow during the 3rd quarter worth about $107,000. Finally, King Luther Capital Management Corp lifted its position in ServiceNow by 208.7% during the 3rd quarter. King Luther Capital Management Corp now owns 176,090 shares of the information technology services provider’s stock worth $23,598,000 after acquiring an additional 119,039 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 1,289 shares of ServiceNow stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $101.70, for a total transaction of $131,091.30. Following the completion of the transaction, the insider directly owned 30,042 shares of the company’s stock, valued at $3,055,271.40. The trade was a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, 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 completion of the transaction, 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,870 shares of company stock worth $1,880,595. Corporate insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

Shares of NOW stock opened at $100.65 on Friday. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $175.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.42. The stock has a market cap of $104.47 billion, a PE ratio of 72.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The business has a 50-day simple moving average of $132.97 and a 200-day simple moving average of $114.22.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.09 billion. ServiceNow had a return on equity of 15.17% and a net margin of 9.36%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the business earned $4.82 earnings per share. On average, equities analysts expect that ServiceNow, Inc. will post 2.12 EPS for the current year.

Latest ServiceNow News

Here’s some of the latest news about NOW:

• Positive Sentiment: Argus maintains a Buy rating, citing ServiceNow’s AI opportunity despite shares trading well below their high. The company also appeared on a list of AI stocks following Wells Fargo’s more constructive outlook on AI infrastructure. Argus still rates ServiceNow a Buy
• Negative Sentiment: A Pomerantz law firm investigation into potential investor claims adds uncertainty; the announcement does not establish wrongdoing. Pomerantz investigation announcement
• Negative Sentiment: Despite fresh agentic-AI partnership news, one analysis questions whether ServiceNow’s valuation is justified by current earnings. The concern comes as the stock has fallen sharply over the past year and the broader AI software selloff weighs on sentiment; investors are looking for evidence that AI products can translate into financial returns. Valuation concerns despite AI partnership news

Analysts Set New Price Targets

NOW has been the topic of a number of research reports. Piper Sandler reissued an “overweight” rating and issued a $175.00 price objective on shares of ServiceNow in a report on Thursday, October 29th. Evercore reaffirmed an “outperform” rating on shares of ServiceNow in a report on Tuesday, October 13th. Cantor Fitzgerald upped their target price on ServiceNow from $174.00 to $201.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. DA Davidson set a $170.00 price target on shares of ServiceNow and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $160.00 price target on shares of ServiceNow in a research report on Thursday, October 29th. One research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.50.

About ServiceNow

ServiceNow, Inc. provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations. Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.