10,227 ServiceNow, Inc. $NOW Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC reduced its holdings in ServiceNow, Inc. (NYSE:NOW) by 10.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 84,632 shares of the information technology services provider’s stock after selling 10,227 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in ServiceNow were worth $12,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Management Partners LLC grew its holdings in shares of ServiceNow by 19.3% in the 3rd quarter. Wealth Management Partners LLC now owns 3,140 shares of the information technology services provider’s stock valued at $421,000 after acquiring an additional 508 shares in the last quarter. Signature Wealth Management Partners LLC increased its position in shares of ServiceNow by 3.3% in the third quarter. Signature Wealth Management Partners LLC now owns 3,281 shares of the information technology services provider’s stock valued at $440,000 after acquiring an additional 106 shares during the last quarter. Trifecta Capital Advisors LLC raised its holdings in ServiceNow by 1.1% during the third quarter. Trifecta Capital Advisors LLC now owns 41,274 shares of the information technology services provider’s stock worth $5,531,000 after acquiring an additional 455 shares in the last quarter. Variant Private Wealth LLC bought a new stake in ServiceNow during the third quarter worth about $838,000. Finally, Sowell Financial Services LLC raised its holdings in ServiceNow by 4.4% during the third quarter. Sowell Financial Services LLC now owns 5,183 shares of the information technology services provider’s stock worth $695,000 after acquiring an additional 220 shares in the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ServiceNow

In other news, insider Jacqueline Canney sold 7,847 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the completion of the sale, the insider directly owned 30,042 shares of the company’s stock, valued at $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of ServiceNow stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the transaction, the director 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 SEC filing for this sale provides additional information. Insiders have sold 14,081 shares of company stock worth $1,937,904 over the last 90 days. 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 and NVIDIA launched Arc, an AI agent designed for enterprise and Mac workflows. The partnership strengthens ServiceNow’s position in AI orchestration and could support adoption of its platform across corporate environments. ServiceNow and Nvidia launch Arc, a new AI agent for enterprise
• Positive Sentiment: ServiceNow’s AI-related contract value has reportedly surpassed $1 billion, reinforcing the view that its AI products are moving from experimentation toward meaningful monetization. The stock has rallied sharply over the past three months as investors anticipate further enterprise demand. ServiceNow Rallies 43% in Three Months as AI Contract Value Tops $1 Billion
• Positive Sentiment: Analysts have raised price targets ahead of ServiceNow’s October 28 earnings report. Bernstein set a Street-high $266 target, while Piper Sandler and TD Cowen also increased targets, citing AI-driven workflow tools, customer upgrades and federal demand. ServiceNow Orchestrates AI’s Next Act—Can Earnings Deliver?
• Neutral Sentiment: Investors are focused on the upcoming quarterly report. ServiceNow’s latest quarter showed 24% revenue growth to approximately $3.99 billion and an earnings beat, but some forecasts call for a single-digit earnings decline in the next report, raising the bar for continued upside. ServiceNow’s Quarterly Earnings Preview
• Negative Sentiment: Zacks Research downgraded ServiceNow from “hold” to “strong sell,” adding pressure ahead of earnings. The downgrade reflects concerns that expectations may already discount much of the AI opportunity.
• Negative Sentiment: ServiceNow may need stronger cash flow to finance its AI expansion. With a roughly 96 price-to-earnings ratio and current and quick ratios near 0.70, the stock remains vulnerable if AI investments do not translate into accelerating profits and cash generation. ServiceNow Needs Stronger Cash Flow to Support Its AI Expansion

ServiceNow Stock Up 2.4%

Shares of NOW stock opened at $153.08 on Thursday. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $192.97. The stock has a market cap of $158.29 billion, a price-to-earnings ratio of 95.68, a PEG ratio of 2.75 and a beta of 0.99. The firm’s 50-day moving average is $136.57 and its 200-day moving average is $114.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the company posted $0.81 earnings per share. ServiceNow’s quarterly revenue was up 24.0% on a year-over-year basis. Sell-side analysts predict that ServiceNow, Inc. will post 2.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NOW shares. TD Cowen raised their price target on ServiceNow from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $266.00 price target on shares of ServiceNow in a research report on Tuesday. Oppenheimer reiterated an “outperform” rating and set a $165.00 price objective (up from $140.00) on shares of ServiceNow in a research note on Tuesday, October 13th. Barclays reiterated an “overweight” rating and set a $160.00 price objective (up from $134.00) on shares of ServiceNow in a research note on Tuesday, October 13th. Finally, BTIG Research reissued a “buy” rating and issued a $170.00 price objective on shares of ServiceNow in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.90.

ServiceNow 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.