ServiceNow, Inc. $NOW Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd grew its stake in ServiceNow, Inc. (NYSE:NOW) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 234,556 shares of the information technology services provider’s stock after buying an additional 8,387 shares during the quarter. IFM Investors Pty Ltd’s holdings in ServiceNow were worth $24,523,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Severin Investments LLC purchased a new stake in shares of ServiceNow during the first quarter worth approximately $402,000. iA Global Asset Management Inc. lifted its stake in ServiceNow by 31.3% in the first quarter. iA Global Asset Management Inc. now owns 100,594 shares of the information technology services provider’s stock worth $10,517,000 after acquiring an additional 23,989 shares during the last quarter. Peregrine Capital Management LLC lifted its stake in ServiceNow by 18.0% in the first quarter. Peregrine Capital Management LLC now owns 530,306 shares of the information technology services provider’s stock worth $55,443,000 after acquiring an additional 80,768 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in ServiceNow during the 1st quarter worth approximately $355,000. Finally, Premier Path Wealth Partners LLC grew its holdings in ServiceNow by 48.6% during the 1st quarter. Premier Path Wealth Partners LLC now owns 13,501 shares of the information technology services provider’s stock worth $1,412,000 after acquiring an additional 4,416 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on NOW. UBS Group reissued an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 26th. Piper Sandler decreased their price objective on shares of ServiceNow from $200.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Citizens Jmp reiterated a “market outperform” rating and set a $157.00 target price on shares of ServiceNow in a research note on Tuesday, May 5th. Stifel Nicolaus dropped their target price on ServiceNow from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Finally, BNP Paribas Exane upgraded ServiceNow from a “neutral” rating to an “outperform” rating and set a $140.00 price target on the stock in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.17.

Insider Activity at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.23, for a total transaction of $130,845.00. Following the transaction, the director owned 44,930 shares of the company’s stock, valued at approximately $3,919,243.90. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Fipps sold 1,048 shares of ServiceNow stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $98.51, for a total value of $103,238.48. Following the sale, the insider owned 12,072 shares in the company, valued at $1,189,212.72. This trade represents a 7.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold 28,071 shares of company stock valued at $2,529,956 in the last ninety days. 0.34% of the stock is currently owned by insiders.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow and Accenture launched new AI-driven cybersecurity and migration services, expanding the companies’ enterprise security push and giving investors another sign that ServiceNow is monetizing AI across higher-value workflows. ServiceNow, Accenture unveil AI-driven cyber risk management offering
• Positive Sentiment: BTIG reaffirmed its “buy” rating and set a $150 price target, while a separate note said ServiceNow is seeing stronger AI bundle traction, both of which support the stock’s valuation case. ServiceNow Rises on AI Bundle Momentum BTIG rating update
• Positive Sentiment: ServiceNow and IBM expanded their multi-year partnership to make legacy enterprise systems more “AI-ready,” which could create additional product demand and larger deal opportunities in the second half of 2026. ServiceNow’s New IBM Partnership
• Neutral Sentiment: Analysts are now looking ahead to ServiceNow’s upcoming Q2 2026 earnings, with expectations calling for a single-digit earnings decline; that creates event risk, but also a potential catalyst if results and guidance beat expectations. ServiceNow’s Q2 2026 Earnings: What to Expect
• Negative Sentiment: Atera said its latest G2 rankings placed it ahead of platforms including ServiceNow in some enterprise categories, highlighting rising competitive pressure in autonomous IT and workflow automation. Atera Extends Enterprise Lead with Top G2 Rankings
• Negative Sentiment: One article framed Adobe as the better 2026 technology pick versus ServiceNow, pointing to valuation and risk concerns that may weigh on investor sentiment. Adobe vs. ServiceNow: Which Technology Stock Is a Better Buy in 2026?

ServiceNow Stock Down 0.6%

Shares of NYSE:NOW opened at $99.34 on Wednesday. The company has a market capitalization of $102.42 billion, a PE ratio of 59.20, a P/E/G ratio of 1.66 and a beta of 0.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48. The firm has a 50 day simple moving average of $100.23 and a 200-day simple moving average of $113.88.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 EPS. On average, equities analysts predict that ServiceNow, Inc. will post 2.34 EPS for the current fiscal year.

About ServiceNow

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.