Vestor Capital LLC Has $12.79 Million Holdings in ServiceNow, Inc. $NOW

Vestor Capital LLC grew its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 38,987.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 122,343 shares of the information technology services provider’s stock after purchasing an additional 122,030 shares during the quarter. Vestor Capital LLC’s holdings in ServiceNow were worth $12,791,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Boothe Investment Group Inc. increased its holdings in 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 worth $9,876,000 after purchasing an additional 33,217 shares in the last quarter. Western Wealth Management LLC raised its stake in shares of ServiceNow by 35.7% in the first 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 last quarter. Silicon Valley Capital Partners lifted its holdings in shares of ServiceNow by 55.2% in the first quarter. Silicon Valley Capital Partners now owns 169,336 shares of the information technology services provider’s stock valued at $17,704,000 after purchasing an additional 60,219 shares in the last quarter. Ariadne Wealth Management LP bought a new position in shares of ServiceNow in the first quarter valued at approximately $200,000. Finally, Twin Lakes Capital Management LLC boosted its position in shares of ServiceNow by 89.0% during the first quarter. Twin Lakes Capital Management LLC now owns 50,054 shares of the information technology services provider’s stock valued at $5,233,000 after buying an additional 23,569 shares during the last quarter. Institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Performance

Shares of NOW opened at $110.18 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $113.93 billion, a PE ratio of 68.86, a PEG ratio of 2.04 and a beta of 0.96. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $196.40. The stock’s fifty day moving average price is $105.45 and its two-hundred day moving average price is $106.40.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. On average, equities research analysts forecast that ServiceNow, Inc. will post 2.24 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Benchmark reissued a “buy” rating on shares of ServiceNow in a research report on Friday, July 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of ServiceNow in a report on Thursday, July 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $145.00 price target (down from $163.00) on shares of ServiceNow in a research report on Wednesday, July 8th. BTIG Research reaffirmed a “buy” rating and issued a $150.00 price objective on shares of ServiceNow in a research report on Wednesday, July 22nd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $143.39.

Insider Buying and Selling

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the sale, the director owned 30,090 shares in the company, valued at $2,712,312.60. This represents a 35.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul Fipps sold 1,048 shares of the firm’s 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 transaction, the insider directly owned 12,072 shares of the company’s stock, valued at $1,189,212.72. The trade was a 7.99% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 19,144 shares of company stock valued at $1,730,097. Company insiders own 0.34% of the company’s stock.

Key Stories Impacting ServiceNow

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.

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.