10,898 ServiceNow, Inc. $NOW Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. boosted its position in ServiceNow, Inc. (NYSE:NOW) by 26.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,722 shares of the information technology services provider’s stock after buying an additional 10,898 shares during the quarter. Vise Technologies Inc.’s holdings in ServiceNow were worth $7,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Financial Management LLC lifted its position in shares of ServiceNow by 72.8% during the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 107 shares during the last quarter. Marquette Asset Management LLC increased its holdings in ServiceNow by 75.0% in the 2nd quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 129 shares during the last quarter. Kilter Group LLC purchased a new stake in ServiceNow in the 2nd quarter worth about $31,000. Solstein Capital LLC purchased a new stake in ServiceNow in the 2nd quarter worth about $35,000. Finally, Main Street Group LTD bought a new stake in ServiceNow in the 1st quarter valued at about $40,000. 87.18% of the stock is currently owned by institutional investors.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow launched its Control Tower Alliance to help large enterprises govern and control AI deployments. Founding partners include OpenAI, NVIDIA, Amazon Web Services, Cisco, Anthropic, and Kong, while expanded collaborations with OpenAI, Google Cloud, and Hewlett Packard Enterprise could strengthen ServiceNow’s position in AI workflows, security, and enterprise support. ServiceNow Rolls Out Control Tower Alliance
• Positive Sentiment: Despite the market reaction, ServiceNow continues to show consistent revenue growth and substantially higher revenue generation than UiPath. Its workflow automation platform and enterprise integrations are also expanding faster than Adobe’s top line, supporting the long-term growth case. ServiceNow vs. UiPath Adobe vs. ServiceNow
• Neutral Sentiment: CFO Gina Mastantuono rejected the narrative that AI is disrupting enterprise software, saying ServiceNow is strategically investing in customer success and accelerating AI adoption. The explanation may reassure long-term investors, but it also highlights near-term pressure on profitability. ServiceNow CFO Discusses AI Disruption
• Negative Sentiment: Third-quarter revenue of $4.11 billion was slightly above expectations, but adjusted EPS of $1.00 missed the $1.02 consensus estimate. Management’s increased AI-related investment and business-model changes caused a notable operating-margin decline, raising questions about the pace and quality of future growth. Top Analyst Questions From ServiceNow’s Q3 Earnings Call
• Negative Sentiment: Investors are increasingly worried that agentic AI could reduce demand for per-seat software licenses, creating a broader threat to ServiceNow’s business model. This concern, combined with a downgrade from an analyst, intensified selling despite 20.5% year-over-year revenue growth. ServiceNow and Agentic AI Disruption ServiceNow Analyst Downgrade

Insider Activity

In other news, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total transaction of $365,850.00. Following the transaction, the director directly owned 43,990 shares of the company’s stock, valued at $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jacqueline Canney sold 7,847 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the sale, the insider directly owned 30,042 shares in the company, valued at $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,081 shares of company stock valued at $1,937,904 over the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on NOW shares. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price objective on shares of ServiceNow in a report on Thursday, October 29th. Robert W. Baird set a $185.00 target price on shares of ServiceNow in a research report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $165.00 target price on shares of ServiceNow in a research note on Thursday, October 29th. Mizuho set a $165.00 target price on shares of ServiceNow in a research note on Thursday. Finally, BTIG Research lowered their price target on shares of ServiceNow from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.50.

ServiceNow Price Performance

Shares of ServiceNow stock opened at $105.96 on Tuesday. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $184.43. The firm has a market cap of $109.56 billion, a PE ratio of 76.23, a price-to-earnings-growth ratio of 2.75 and a beta of 0.99. The company’s fifty day simple moving average is $138.25 and its two-hundred day simple moving average is $115.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43.

ServiceNow (NYSE:NOW) last issued its 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). The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.38%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.82 earnings per share. As a group, equities analysts expect that ServiceNow, Inc. will post 2.14 EPS for the current year.

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.