Stevens Capital Management LP Increases Stock Holdings in ServiceNow, Inc. $NOW

Stevens Capital Management LP raised its holdings in ServiceNow, Inc. (NYSE:NOW) by 515.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,875 shares of the information technology services provider’s stock after acquiring an additional 25,860 shares during the quarter. ServiceNow makes up about 1.7% of Stevens Capital Management LP’s holdings, making the stock its 14th largest holding. Stevens Capital Management LP’s holdings in ServiceNow were worth $4,730,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. IAG Wealth Partners LLC increased its holdings in shares of ServiceNow by 200.0% during the third quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 18 shares in the last quarter. Noble Wealth Management PBC boosted its stake in ServiceNow by 400.0% in the 4th quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 128 shares in the last quarter. Millstone Evans Group LLC boosted its stake in ServiceNow by 400.0% in the 4th quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 132 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in ServiceNow during the 4th quarter worth approximately $26,000. Finally, Albion Financial Group UT increased its stake in ServiceNow by 400.0% during the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Insider Buying and Selling

In related news, insider Jacqueline P. Canney sold 8,927 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $89.60, for a total transaction of $799,859.20. Following the sale, the insider directly owned 29,531 shares of the company’s stock, valued at $2,645,977.60. This trade represents a 23.21% 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 Paul Fipps sold 3,696 shares of ServiceNow stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $101.77, for a total value of $376,141.92. Following the transaction, the insider owned 8,061 shares of the company’s stock, valued at approximately $820,367.97. This represents a 31.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,164 shares of company stock worth $2,497,021 over the last ninety days. 0.34% of the stock is owned by corporate insiders.

ServiceNow Trading Up 0.0%

NYSE NOW opened at $92.01 on Wednesday. The company has a market capitalization of $94.86 billion, a PE ratio of 54.83, a P/E/G ratio of 1.63 and a beta of 0.82. The company has a fifty day moving average of $103.21 and a 200 day moving average of $133.96. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48. 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 (NYSE:NOW) last announced its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting the consensus estimate of $0.97. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. Research analysts forecast that ServiceNow, Inc. will post 2.35 earnings per share for the current year.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Major product push — ServiceNow unveiled “Otto” (a unified enterprise AI experience) and expanded its Autonomous Workforce and AI Control Tower, positioning the platform to sell higher-value, agent-driven workflows across functions. ServiceNow Otto launch
• Positive Sentiment: Partnership momentum — New/expanded partnerships with NVIDIA, Microsoft, FedEx, Lenovo and others tie ServiceNow into enterprise AI stacks and supply‑chain/IT workflows, which should help adoption and drive larger deals. NVIDIA partnership
• Positive Sentiment: New revenue levers — ServiceNow launched Autonomous CRM and Autonomous Security & Risk features that expand addressable spend in customer-facing and security domains, strengthening the path to higher contract values. Autonomous CRM
• Positive Sentiment: Analyst bullishness — Multiple firms raised/affirmed ratings and price targets (Evercore, Barclays, Capital One, BTIG, Citizens JMP, DA Davidson, etc.), and some analysts now argue for >100% upside after the investor/analyst day. That lifts near-term sentiment and trading flows. Barclays raises PT
• Neutral Sentiment: Long-term targets reiterated — Management reiterated aggressive long-term subscription/revenue goals (targeting ~ $30–32B by 2030), supporting the growth narrative but requiring sustained execution to justify current multiples. Revenue by 2030
• Neutral Sentiment: Management messaging on M&A — CEO comments attempted to address investor concerns around ServiceNow’s recent acquisitions (Moveworks, Veza, Armis); the remarks aim to reassure but may not fully remove skepticism about deal timing/valuation. CEO on acquisitions
• Negative Sentiment: Valuation/near-term risk — Wolfe Research trimmed its price target citing some deal delays (e.g., on‑prem projects in the Middle East), a reminder that execution hiccups could pressure the stock even as the AI story is priced in. Wolfe lowers PT

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. KeyCorp set a $85.00 price target on shares of ServiceNow and gave the stock an “underweight” rating in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $135.00 target price (down from $175.00) on shares of ServiceNow in a research report on Thursday, April 23rd. Citizens Jmp restated a “market outperform” rating and issued a $157.00 target price on shares of ServiceNow in a research note on Tuesday. Macquarie Infrastructure lowered their price target on ServiceNow from $172.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald dropped their price target on ServiceNow to $122.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.35.

ServiceNow Company 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.