ServiceNow, Inc. $NOW Stock Holdings Lessened by Glenview Trust Co

Glenview Trust Co reduced its holdings in ServiceNow, Inc. (NYSE:NOW) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,836 shares of the information technology services provider’s stock after selling 6,980 shares during the quarter. Glenview Trust Co’s holdings in ServiceNow were worth $10,431,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NOW. BlackRock Inc. bought a new position in shares of ServiceNow in the second quarter valued at about $9,536,615,000. Bank of New York Mellon Corp acquired a new position in ServiceNow during the 2nd quarter worth about $712,573,000. Legal & General Group Plc bought a new stake in ServiceNow during the 2nd quarter worth about $641,888,000. Bank of America Corp DE bought a new stake in ServiceNow during the 2nd quarter worth about $627,355,000. Finally, Deutsche Bank AG bought a new position in shares of ServiceNow in the second quarter worth about $595,157,000. 87.18% of the stock is currently owned by institutional investors.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported 20.5% year-over-year revenue growth, supported by subscription demand, and raised its 2026 artificial-intelligence contract target to $1.7 billion. Management and bullish analysts argue that AI adoption could accelerate growth in 2027. ServiceNow: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts continue to rate NOW Buy or Overweight despite reducing their price targets. JPMorgan, Piper Sandler, Wells Fargo and Oppenheimer still see substantial long-term upside, suggesting the sell-off may have been excessive. ServiceNow stock is on track for its largest drop on record
• Positive Sentiment: A new partnership with BDO Canada will help organizations govern AI and automate operations using ServiceNow’s platform, providing potential support for future enterprise demand. BDO Canada partners with ServiceNow
• Neutral Sentiment: ServiceNow’s CEO has defended the company’s valuation and long-term opportunity, while a reported $3 million insider stock purchase may signal management confidence. However, such commentary has not offset investor concerns about guidance. ServiceNow CEO makes striking unicorn claim
• Negative Sentiment: The primary catalyst for the sell-off was management’s forecast for slower fourth-quarter current remaining performance obligation growth—about 18.5%, below the approximately 21.5% revenue-growth outlook. Because cRPO represents contracted future revenue, investors viewed the gap as a warning that demand may be weakening. ServiceNow Guides to Slower Backlog Growth
• Negative Sentiment: Third-quarter adjusted earnings of $1.00 per share fell short of the $1.02 consensus estimate. The miss, combined with concerns that AI could disrupt traditional software pricing and demand, overshadowed the revenue beat and higher AI target. ServiceNow shares plunge after earnings
• Negative Sentiment: Investors are also monitoring ServiceNow’s roughly $7.5 billion debt load and rising interest costs, while a shareholder investigation into potential securities-law violations adds reputational and legal uncertainty. ServiceNow’s Debt and Interest Costs Jump

Insider Buying and Selling

In other news, insider Paul Fipps sold 2,034 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the sale, the insider owned 18,305 shares of the company’s stock, valued at $2,706,760.35. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jacqueline P. Canney sold 7,847 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the sale, the insider directly owned 30,042 shares of the company’s stock, valued at $4,145,796. This represents a 20.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,081 shares of company stock valued at $1,937,904 over the last three months. Company insiders own 0.34% of the company’s stock.

ServiceNow Price Performance

NOW opened at $105.12 on Friday. The company has a fifty day moving average price of $138.71 and a two-hundred day moving average price of $115.45. The firm has a market capitalization of $109.11 billion, a PE ratio of 75.63, a P/E/G ratio of 2.02 and a beta of 0.99. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $189.53. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.70 and a current ratio of 0.72.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.02). ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company earned $4.82 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, analysts anticipate that ServiceNow, Inc. will post 2.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings raised shares of ServiceNow from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Barclays set a $152.00 price target on shares of ServiceNow and gave the company an “overweight” rating in a report on Thursday. TD Cowen dropped their price objective on shares of ServiceNow from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group reaffirmed an “underweight” rating on shares of ServiceNow in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on ServiceNow from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.50.

ServiceNow Company 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.