Americana Partners LLC Sells 5,915 Shares of ServiceNow, Inc. $NOW

Americana Partners LLC decreased its position in ServiceNow, Inc. (NYSE:NOW) by 3.7% in the third quarter, HoldingsChannel.com reports. The fund owned 154,648 shares of the information technology services provider’s stock after selling 5,915 shares during the period. Americana Partners LLC’s holdings in ServiceNow were worth $20,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In related news, insider Paul Fipps sold 2,034 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Chamberlain sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total value of $365,850.00. Following 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NOW shares. TD Cowen dropped their price objective on shares of ServiceNow from $165.00 to $160.00 and set a “buy” rating for the company in a report on Thursday. Cantor Fitzgerald increased their price target on shares of ServiceNow from $174.00 to $201.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Canaccord Genuity Group set a $145.00 price target on shares of ServiceNow in a report on Thursday. Royal Bank Of Canada set a $165.00 price objective on ServiceNow and gave the company an “outperform” rating in a report on Thursday. Finally, Mizuho set a $165.00 price objective on ServiceNow in a research report on Thursday. One investment 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 stock. According to MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and a consensus price target of $154.50.

ServiceNow Price Performance

ServiceNow stock opened at $105.12 on Friday. The business has a fifty day moving average of $138.71 and a two-hundred day moving average of $115.45. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.70 and a current ratio of 0.72. The company has a market cap of $109.11 billion, a P/E ratio of 75.63, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $189.53.

ServiceNow (NYSE:NOW) last released its quarterly 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). ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company earned $4.82 earnings per share. The firm’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, analysts predict that ServiceNow, Inc. will post 2.21 earnings per share for the current fiscal year.

ServiceNow News Summary

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

ServiceNow Company 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.