International Assets Investment Management LLC Grows Stock Position in ServiceNow, Inc. $NOW

International Assets Investment Management LLC lifted its holdings in ServiceNow, Inc. (NYSE:NOW) by 109.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,629 shares of the information technology services provider’s stock after purchasing an additional 8,168 shares during the period. International Assets Investment Management LLC’s holdings in ServiceNow were worth $1,626,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Castleview Partners LLC increased its holdings in ServiceNow by 57.8% during the first quarter. Castleview Partners LLC now owns 4,862 shares of the information technology services provider’s stock valued at $508,000 after buying an additional 1,780 shares during the last quarter. Associated Banc Corp boosted its stake in shares of ServiceNow by 10.5% during the 1st quarter. Associated Banc Corp now owns 441,028 shares of the information technology services provider’s stock worth $46,109,000 after acquiring an additional 41,818 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in shares of ServiceNow by 97.3% during the 1st quarter. Diversify Wealth Management LLC now owns 245,388 shares of the information technology services provider’s stock worth $25,655,000 after acquiring an additional 121,029 shares during the last quarter. Gables Capital Management Inc. bought a new stake in shares of ServiceNow during the 1st quarter valued at $425,000. Finally, Carnegie Investment Counsel bought a new stake in shares of ServiceNow during the 1st quarter valued at $366,000. 87.18% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on NOW. Canaccord Genuity Group decreased their target price on ServiceNow from $200.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. DA Davidson reissued a “buy” rating and set a $190.00 price target on shares of ServiceNow in a report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price target on ServiceNow from $195.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of ServiceNow in a research note on Tuesday, May 5th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of ServiceNow in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.47.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow rallied after reports that a large international electronics company is teaming up with the company on a new AI-powered product that will be available on ServiceNow’s platform, reinforcing its role in enterprise AI. Why ServiceNow Stock Crushed it on Thursday
• Positive Sentiment: Truist Financial raised its price target on ServiceNow from $120 to $130 and kept a buy rating, signaling continued analyst confidence in the company’s growth prospects. Benzinga report on Truist price target increase
• Positive Sentiment: Investor sentiment around software improved as AI spending expectations shifted in favor of application software, helping ServiceNow participate in the broader rotation toward software names. Chip Stocks Drop 12% as Software Rebounds in AI Trade Shift
• Neutral Sentiment: Several market updates described ServiceNow as consolidating or trading flat while investors digested the AI partnership news and a more constructive analyst tone, suggesting a pause after the recent move rather than a fresh fundamental shift. ServiceNow Stock Consolidates as Accenture Launches Agentic AI Offerings
• Negative Sentiment: Friday trading saw ServiceNow slip as investors appeared to take profits and reassess whether the recent AI enthusiasm has already been priced in. ServiceNow Stock Falls Friday: What’s Going On?

Insiders Place Their Bets

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the transaction, the director directly owned 44,930 shares in the company, valued at $3,919,243.90. This represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jacqueline P. Canney sold 8,927 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $89.60, for a total transaction of $799,859.20. Following the sale, the insider directly owned 29,531 shares of the company’s stock, valued at approximately $2,645,977.60. This trade represents a 23.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 28,071 shares of company stock worth $2,529,956. Company insiders own 0.34% of the company’s stock.

ServiceNow Trading Up 0.1%

Shares of ServiceNow stock opened at $107.81 on Monday. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $210.20. 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 has a market capitalization of $111.16 billion, a P/E ratio of 64.25, a P/E/G ratio of 1.79 and a beta of 0.96. The company has a fifty day moving average of $102.49 and a 200 day moving average of $110.95.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting analysts’ consensus estimates of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 2.34 earnings per share for the current fiscal year.

ServiceNow 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.