One Wealth Capital Management LLC Purchases 5,931 Shares of ServiceNow, Inc. $NOW

One Wealth Capital Management LLC acquired a new stake in ServiceNow, Inc. (NYSE:NOW) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 5,931 shares of the information technology services provider’s stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NOW. Evergreen Capital Management LLC raised its stake in shares of ServiceNow by 3.3% in the third quarter. Evergreen Capital Management LLC now owns 9,833 shares of the information technology services provider’s stock valued at $1,318,000 after acquiring an additional 317 shares during the last quarter. Wedbush Securities Inc. grew its position in ServiceNow by 0.5% during the 3rd quarter. Wedbush Securities Inc. now owns 42,937 shares of the information technology services provider’s stock worth $5,754,000 after acquiring an additional 198 shares during the last quarter. WASHINGTON TRUST Co bought a new stake in ServiceNow during the 3rd quarter worth approximately $11,154,000. Washington Trust Advisors Inc. grew its position in ServiceNow by 6,772.7% during the 3rd quarter. Washington Trust Advisors Inc. now owns 1,512 shares of the information technology services provider’s stock worth $203,000 after acquiring an additional 1,490 shares during the last quarter. Finally, XXI Wealth LLC acquired a new stake in ServiceNow during the 3rd quarter valued at $482,000. 87.18% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Paul Chamberlain sold 2,700 shares of ServiceNow stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the completion of the sale, the director directly owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. This trade represents a 5.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the sale, the insider owned 18,305 shares of the company’s stock, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 14,081 shares of company stock valued at $1,937,904. Company insiders own 0.34% of the company’s stock.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bank of America raised its price target to $180 ahead of ServiceNow’s third-quarter results, citing continued demand for AI-related products and services. The revised target signals confidence that AI adoption can support additional growth. Bank of America Boosts ServiceNow Forecast Ahead of Earnings
• Positive Sentiment: ServiceNow’s defense and national-security business is being positioned as a major growth driver over the next year. Management highlighted demand for workflow automation, AI, cybersecurity, logistics modernization and digital transformation among military and government agencies. ServiceNow Defense Business Interview
• Positive Sentiment: The company and Nvidia launched “Arc,” an AI agent designed to plan tasks and verify its work. The product reinforces ServiceNow’s strategy of embedding governed, enterprise-grade AI into its workflow platform, potentially supporting product adoption and customer spending. ServiceNow and Nvidia Launch Arc
• Positive Sentiment: ServiceNow was selected as a preferred idea on CNBC’s “Final Trades,” while Polen Capital highlighted the company’s AI opportunity and revenue-growth prospects. These endorsements add to favorable market sentiment, although they are not substitutes for operating results. ServiceNow on CNBC’s Final Trades
• Neutral Sentiment: Investors are focused on ServiceNow’s upcoming third-quarter earnings, with analysts examining subscription growth, current remaining performance obligations, margins and other operating metrics beyond revenue and EPS. Results and guidance could determine whether the recent rally continues. ServiceNow Q3 Performance Estimates
• Negative Sentiment: Comparisons with TD SYNNEX frame ServiceNow as a less obvious value investment. NOW’s premium valuation means the stock remains sensitive to an earnings or guidance disappointment, despite its strong growth prospects. SNX vs. NOW Value Comparison

ServiceNow Stock Performance

Shares of ServiceNow stock opened at $159.29 on Friday. 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 firm has a 50 day simple moving average of $137.87 and a 200 day simple moving average of $115.39. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $192.97. The firm has a market cap of $164.71 billion, a P/E ratio of 99.56, a P/E/G ratio of 2.92 and a beta of 0.99.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.04. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 EPS. Sell-side analysts predict that ServiceNow, Inc. will post 2.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NOW shares. Truist Financial set a $180.00 price objective on ServiceNow and gave the company a “buy” rating in a research report on Wednesday. DA Davidson set a $170.00 price objective on ServiceNow and gave the stock a “buy” rating in a research note on Monday, July 20th. Bank of America increased their target price on ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. JPMorgan Chase & Co. raised their target price on ServiceNow from $145.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 price target (up from $140.00) on shares of ServiceNow in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average target price of $155.10.

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.