Liontrust Investment Partners LLP Decreases Holdings in ServiceNow, Inc. $NOW

Liontrust Investment Partners LLP trimmed its position in shares of ServiceNow, Inc. (NYSE:NOW) by 5.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 134,471 shares of the information technology services provider’s stock after selling 7,093 shares during the quarter. Liontrust Investment Partners LLP’s holdings in ServiceNow were worth $14,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NOW. Boothe Investment Group Inc. grew its stake in shares of ServiceNow by 54.2% during the 1st quarter. Boothe Investment Group Inc. now owns 94,466 shares of the information technology services provider’s stock valued at $9,876,000 after purchasing an additional 33,217 shares during the period. Western Wealth Management LLC lifted its stake in shares of ServiceNow by 35.7% in the 1st quarter. Western Wealth Management LLC now owns 19,660 shares of the information technology services provider’s stock worth $2,055,000 after purchasing an additional 5,167 shares during the period. Silicon Valley Capital Partners lifted its stake in shares of ServiceNow by 55.2% in the 1st quarter. Silicon Valley Capital Partners now owns 169,336 shares of the information technology services provider’s stock worth $17,704,000 after purchasing an additional 60,219 shares during the period. Ariadne Wealth Management LP purchased a new position in shares of ServiceNow in the first quarter worth approximately $200,000. Finally, Twin Lakes Capital Management LLC boosted its holdings in shares of ServiceNow by 89.0% in the first quarter. Twin Lakes Capital Management LLC now owns 50,054 shares of the information technology services provider’s stock worth $5,233,000 after buying an additional 23,569 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s latest quarterly results showed continued momentum: revenue rose 24% year over year to approximately $4 billion, while adjusted earnings exceeded consensus expectations. Management also raised guidance, and AI-related contract value surpassed $1 billion ahead of internal targets. ServiceNow Stock Opinions on Q2 Earnings Results
• Positive Sentiment: Analysts and investors remain constructive on ServiceNow’s workflow-automation and agentic-AI opportunity. An investment analysis cited accelerating user retention, pricing power, a growing security and risk business, and a long-term target of $30 billion to $32 billion in subscription revenue by 2030. The analysis raised its fair-value estimate to $160. ServiceNow User Retention Is Accelerating
• Positive Sentiment: Dynamic Lifecycle Innovations launched a new application on the ServiceNow platform for IT asset disposition, expanding the company’s partner ecosystem and demonstrating additional use cases for its workflow technology. Dynamic Lifecycle Innovations Launches New ServiceNow App
• Neutral Sentiment: ServiceNow’s valuation remains a major debate. The stock is well below its recent highs, while the average analyst price target is around $140 and a separate survey reports a $134 median target, indicating substantial potential upside but also skepticism about how quickly AI growth will translate into results. ServiceNow Showing Signs of Life
• Negative Sentiment: ServiceNow could eliminate up to 1,000 positions this year as part of a planned “rightsizing” effort following a series of acquisitions. Reports of continuing layoffs and employee frustration may weigh on sentiment, even though the reductions could eventually improve operating efficiency and offset acquisition-related costs. ServiceNow to Cut Up to 1,000 Jobs
• Negative Sentiment: Recent insider activity has been mixed but skewed toward selling, with nine sales versus two purchases over the past six months. Several senior executives sold shares, although CEO Bill McDermott was reported to have purchased shares. This is a secondary signal, but it may reinforce cautious sentiment.

Insider Activity

In related news, Director Anita M. Sands sold 16,445 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the transaction, the director owned 30,090 shares of the company’s stock, valued at approximately $2,712,312.60. This represents a 35.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Fipps sold 1,048 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $98.51, for a total value of $103,238.48. Following the completion of the sale, the insider owned 12,072 shares of the company’s stock, valued at $1,189,212.72. The trade was a 7.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 19,144 shares of company stock worth $1,730,097 in the last three months. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Bank of America began coverage on shares of ServiceNow in a report on Monday, May 18th. They set a “buy” rating and a $130.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating and set a $145.00 price target (down from $163.00) on shares of ServiceNow in a research note on Wednesday, July 8th. Robert W. Baird boosted their price objective on shares of ServiceNow from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Citizens Jmp restated a “market outperform” rating and issued a $157.00 price objective on shares of ServiceNow in a research note on Tuesday, May 5th. Finally, UBS Group set a $248.00 price objective on ServiceNow in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $143.39.

ServiceNow Trading Down 4.8%

ServiceNow stock opened at $110.18 on Friday. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $196.40. The firm has a market capitalization of $113.93 billion, a price-to-earnings ratio of 68.86, a P/E/G ratio of 2.04 and a beta of 0.96. The firm has a 50 day moving average of $105.45 and a 200 day moving average of $106.40. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

ServiceNow (NYSE:NOW) last issued its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, research analysts predict that ServiceNow, Inc. will post 2.24 earnings per share for the current year.

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.