Korea Investment CORP Has $145.42 Million Stock Position in ServiceNow, Inc. $NOW

Korea Investment CORP reduced its stake in ServiceNow, Inc. (NYSE:NOW) by 3.7% during the 3rd quarter, Holdings Channel reports. The firm owned 158,022 shares of the information technology services provider’s stock after selling 6,046 shares during the period. Korea Investment CORP’s holdings in ServiceNow were worth $145,424,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NOW. Kilter Group LLC bought a new position in ServiceNow during the second quarter worth about $25,000. IAG Wealth Partners LLC raised its position in shares of ServiceNow by 200.0% in the 3rd 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 during the period. Bogart Wealth LLC boosted its stake in ServiceNow by 93.8% during the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 15 shares during the last quarter. Total Investment Management Inc. acquired a new position in ServiceNow during the second quarter valued at approximately $31,000. Finally, Albion Financial Group UT increased its stake in ServiceNow by 78.9% in the third quarter. Albion Financial Group UT now owns 34 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 15 shares in the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: CEO comments and product launches — CEO William McDermott pushed back on the “AI threat” narrative and ServiceNow rolled out new AI offerings for government customers, both cited as direct catalysts for a strong intraday move. ServiceNow (NOW) Stock Jumps 6% as CEO Dismisses AI Threat Narrative
• Positive Sentiment: New AI products & government focus — Announcements at the ServiceNow Government Forum and integrations (e.g., EmployeeWorks combining Moveworks tech) position NOW to win mission‑critical public-sector deals. ServiceNow powers government reinvention with trusted AI
• Positive Sentiment: Autonomous Workforce launch — New AI “Autonomous Workforce” products strengthen ServiceNow’s enterprise automation narrative and support longer-term revenue/upsell expectations. ServiceNow, Inc. (NOW) Launches New Autonomous Workforce
• Positive Sentiment: M&A to accelerate AI capability — Coverage highlights an acquisition push in Israel (and the Armis deal) as management building out AI/security assets, which investors view as strategic for product differentiation. Cloud Stocks: ServiceNow Goes On An Acquisition Spree In Israel
• Positive Sentiment: Analyst/market support — Several buy-oriented pieces and a consensus “Moderate Buy” rating are reinforcing investor confidence after the earnings beat and revenue growth. ServiceNow Given Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Technical & momentum views — Technical analysts point to a double-bottom breakout and recent 16% one‑month gain, which can attract momentum traders but also raises short-term pullback risk. ServiceNow Price Forecast: Double Bottom Signals Trend Shift
• Neutral Sentiment: Buy‑on‑dip narratives — Multiple pieces recommend NOW as a top AI/software buy on dips; useful for long-term investors but dependent on broader software sector sentiment. The Software Recovery Already Started: 5 Stocks to Buy Now
• Neutral Sentiment: Cautionary views — Some coverage asks whether to “hold tight or book profits” after a strong run, signaling possible near-term profit taking even as the medium-term story remains constructive. ServiceNow Stock Climbs 16% in a Month: Hold Tight or Book Profits?

Analysts Set New Price Targets

NOW has been the topic of several research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $200.00 price objective on shares of ServiceNow in a research note on Thursday, January 29th. BTIG Research reaffirmed a “buy” rating and set a $200.00 price target on shares of ServiceNow in a research report on Thursday, January 29th. Needham & Company LLC reiterated a “buy” rating and set a $155.00 price objective on shares of ServiceNow in a report on Thursday, February 5th. Arete Research set a $200.00 price objective on ServiceNow in a research report on Tuesday, January 6th. Finally, Wall Street Zen cut ServiceNow from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.06.

ServiceNow Trading Up 3.4%

NYSE NOW opened at $124.43 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $122.89 and a 200-day moving average of $157.33. ServiceNow, Inc. has a 12 month low of $98.00 and a 12 month high of $211.48. The company has a market cap of $130.15 billion, a PE ratio of 74.60, a PEG ratio of 2.10 and a beta of 0.99.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The business had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same quarter last year, the company posted $0.73 earnings per share. ServiceNow’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that ServiceNow, Inc. will post 8.93 EPS for the current fiscal year.

Insider Activity

In other news, insider Kevin Thomas Mcbride sold 1,400 shares of ServiceNow stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares in the company, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Fipps sold 9,641 shares of ServiceNow stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total value of $1,021,271.13. Following the completion of the transaction, the insider directly owned 11,757 shares of the company’s stock, valued at $1,245,419.01. This represents a 45.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 16,237 shares of company stock valued at $1,697,162. 0.34% of the stock is owned by insiders.

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.