ServiceNow, Inc. $NOW Stock Position Raised by Oxbow Advisors LLC

Oxbow Advisors LLC lifted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 397.5% during the fourth quarter, Holdings Channel reports. The firm owned 34,291 shares of the information technology services provider’s stock after purchasing an additional 27,398 shares during the quarter. Oxbow Advisors LLC’s holdings in ServiceNow were worth $5,253,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ebert Capital Management Inc. acquired a new position in shares of ServiceNow in the 4th quarter valued at $663,000. Pandora Wealth Inc. raised its holdings in ServiceNow by 253.7% during the 4th quarter. Pandora Wealth Inc. now owns 1,765 shares of the information technology services provider’s stock worth $270,000 after buying an additional 1,266 shares during the period. LRI Investments LLC lifted its stake in ServiceNow by 225.4% during the fourth quarter. LRI Investments LLC now owns 3,466 shares of the information technology services provider’s stock valued at $531,000 after buying an additional 2,401 shares in the last quarter. EWA LLC lifted its stake in ServiceNow by 354.1% during the fourth quarter. EWA LLC now owns 1,553 shares of the information technology services provider’s stock valued at $238,000 after buying an additional 1,211 shares in the last quarter. Finally, Centerpoint Advisory Group boosted its holdings in shares of ServiceNow by 400.0% in the fourth quarter. Centerpoint Advisory Group now owns 3,415 shares of the information technology services provider’s stock worth $523,000 after buying an additional 2,732 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow announced a partnership with Accenture to deliver agentic AI at enterprise scale, reinforcing its role as a core platform for enterprise AI workflows and potentially expanding adoption. ServiceNow, Accenture partner to deliver agentic AI at enterprise scale
• Positive Sentiment: Management is pushing a long-term growth narrative, saying AI can accelerate ServiceNow’s business and projecting more than $30 billion in subscription revenue by 2030, which helped lift sentiment around the stock. ServiceNow Targets $30 Billion As AI Revenue Story Accelerates
• Positive Sentiment: Several analyst notes were supportive, including higher price targets and reiterated Buy/Outperform ratings, signaling that Wall Street still sees upside despite the selloff. Capital One Financial Increases ServiceNow (NYSE:NOW) Price Target to $120.00
• Positive Sentiment: There was also unusual call-option buying, suggesting some traders are positioning for a rebound.
• Neutral Sentiment: ServiceNow continued to generate attention around its AI control and governance strategy, including collaborations with NVIDIA and Microsoft, which may support the long-term platform story but do not yet change near-term fundamentals. ServiceNow And NVIDIA Project Arc Puts AI Agents At Center Stage
• Negative Sentiment: Bearish coverage focused on rising competition from agentic AI and argued that ServiceNow’s challenges predate the AI hype, adding to concerns that the stock may have more downside if growth expectations reset. ServiceNow Had Problems Long Before Agentic AI. Here’s Why.
• Negative Sentiment: Investors also appear worried about the broader “Saaspocalypse” narrative, with commentary highlighting the scale of the stock’s recent decline and questions about whether AI will truly offset pressure on legacy software models. Why CEO Bill McDermott says ServiceNow’s 39% stock crash is Saaspocalypse ‘nonsense’ and why AI will make it a trillion-dollar company

Insider Transactions at ServiceNow

In related news, insider Paul Fipps sold 3,696 shares of ServiceNow stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $101.77, for a total transaction of $376,141.92. Following the completion of the sale, the insider owned 8,061 shares of the company’s stock, valued at approximately $820,367.97. This trade represents a 31.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $101.17, for a total value of $151,755.00. Following the completion of the transaction, the director owned 46,430 shares in the company, valued at $4,697,323.10. This trade represents a 3.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,164 shares of company stock valued at $2,497,021 in the last three months. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of ServiceNow from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Robert W. Baird reduced their price target on shares of ServiceNow from $125.00 to $118.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Argus decreased their price objective on shares of ServiceNow from $180.00 to $134.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Barclays reiterated an “overweight” rating and set a $134.00 price objective (up from $132.00) on shares of ServiceNow in a research report on Tuesday. Finally, Benchmark started coverage on ServiceNow in a report on Wednesday, April 1st. They issued a “buy” rating and a $125.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.71.

ServiceNow Stock Performance

Shares of NOW opened at $91.14 on Friday. The company has a market capitalization of $93.96 billion, a PE ratio of 54.31, a PEG ratio of 1.61 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50 day moving average price is $102.80 and its 200 day moving average price is $132.71. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $211.48.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. Research analysts expect that ServiceNow, Inc. will post 2.35 EPS for the current fiscal year.

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.