Simmons Bank Acquires 11,546 Shares of ServiceNow, Inc. $NOW

Simmons Bank increased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 378.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,595 shares of the information technology services provider’s stock after buying an additional 11,546 shares during the quarter. Simmons Bank’s holdings in ServiceNow were worth $2,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of ServiceNow by 290.8% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 276,155 shares of the information technology services provider’s stock worth $42,375,000 after buying an additional 205,486 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in ServiceNow by 135.3% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,092 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 628 shares during the last quarter. Bradyco Inc. raised its position in ServiceNow by 400.0% in the fourth quarter. Bradyco Inc. now owns 6,600 shares of the information technology services provider’s stock valued at $1,011,000 after purchasing an additional 5,280 shares during the last quarter. Plancorp LLC raised its position in ServiceNow by 419.1% in the fourth quarter. Plancorp LLC now owns 2,227 shares of the information technology services provider’s stock valued at $341,000 after purchasing an additional 1,798 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft raised its position in ServiceNow by 358.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 10,928 shares of the information technology services provider’s stock valued at $1,673,000 after purchasing an additional 8,546 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow expanded its partnership with Boomi to improve real-time data activation across enterprise systems, strengthening its positioning as a platform for agentic AI and workflow automation. ServiceNow and Boomi partner for data activation
• Positive Sentiment: FedEx is deepening its ServiceNow relationship with a procurement integration, a sign that major enterprise customers are broadening use of the platform and could drive more recurring revenue. FedEx advances ServiceNow partnership with procurement integration
• Positive Sentiment: ServiceNow and Accenture launched an engineering program to scale agentic AI for enterprise clients, which supports the company’s AI growth narrative and suggests more commercialization of its platform. ServiceNow (NOW), Accenture Launch Engineering Program to Scale Agentic AI for Enterprises
• Positive Sentiment: Several articles highlighted ServiceNow as an attractive AI/software name, with commentary suggesting the recent sell-off may be overdone and that investors are focusing on the stock’s long-term AI upside. 1 Incredible Artificial Intelligence (AI) Stock to Buy After Its Post-Earnings Sell-Off
• Neutral Sentiment: Analyst and media coverage remains mixed but generally constructive, with pieces debating whether the market is underestimating the impact of AI on ServiceNow’s business. ServiceNow: The Market Is Misunderstanding The Effects Of AI
• Negative Sentiment: A bearish options trade and commentary about further downside show that some traders still expect weakness, reflecting lingering pressure on the stock after its post-earnings decline. See ServiceNow Stock Heading Lower? This Trade Profits From Further Downside.
• Negative Sentiment: An insider sale by Paul Fipps was disclosed, which can add to short-term caution even though it was small and made under a pre-arranged trading plan. SEC insider filing for Paul Fipps

Insider Activity

In other news, insider Jacqueline P. Canney sold 8,927 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $89.60, for a total value of $799,859.20. Following the completion of the sale, the insider owned 29,531 shares of the company’s stock, valued at approximately $2,645,977.60. This represents a 23.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Paul Fipps sold 3,696 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.77, for a total value of $376,141.92. Following the completion of the sale, the insider directly owned 8,061 shares of the company’s stock, valued at approximately $820,367.97. The trade was a 31.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 22,415 shares of company stock valued at $2,210,933. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NOW shares. Cantor Fitzgerald dropped their target price on ServiceNow to $122.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Truist Financial dropped their target price on ServiceNow from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Oppenheimer set a $130.00 target price on ServiceNow and gave the company an “outperform” rating in a research report on Wednesday, April 15th. TD Cowen reiterated a “buy” rating and issued a $140.00 target price on shares of ServiceNow in a research report on Thursday, April 23rd. Finally, HSBC dropped their target price on ServiceNow from $226.00 to $171.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $144.71.

ServiceNow Trading Up 4.0%

Shares of NOW stock opened at $90.56 on Friday. The stock has a market cap of $93.37 billion, a price-to-earnings ratio of 53.97, a PEG ratio of 1.54 and a beta of 0.82. The stock has a 50-day moving average of $100.89 and a 200-day moving average of $129.31. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a 1-year low of $81.24 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities research analysts forecast that ServiceNow, Inc. will post 2.35 earnings per share for the current 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.