Capital Research Global Investors Sells 229,347 Shares of ServiceNow, Inc. $NOW

Capital Research Global Investors cut its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 23.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 732,819 shares of the information technology services provider’s stock after selling 229,347 shares during the quarter. Capital Research Global Investors owned approximately 0.35% of ServiceNow worth $674,430,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of ServiceNow by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 20,210,924 shares of the information technology services provider’s stock valued at $18,599,709,000 after buying an additional 315,861 shares during the period. State Street Corp raised its stake in shares of ServiceNow by 1.7% in the second quarter. State Street Corp now owns 9,323,619 shares of the information technology services provider’s stock worth $9,585,426,000 after purchasing an additional 154,307 shares during the last quarter. Geode Capital Management LLC lifted its stake in ServiceNow by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 4,574,563 shares of the information technology services provider’s stock valued at $4,684,445,000 after acquiring an additional 88,057 shares in the last quarter. Norges Bank purchased a new position in ServiceNow during the second quarter worth about $2,589,235,000. Finally, Alliancebernstein L.P. increased its position in shares of ServiceNow by 10.2% during the second quarter. Alliancebernstein L.P. now owns 1,910,078 shares of the information technology services provider’s stock valued at $1,963,713,000 after acquiring an additional 177,392 shares during the last quarter. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Cohesity partnership strengthens ServiceNow’s position for enterprise AI agents by adding real-time recovery and resilience for autonomous agents — makes deployments more enterprise-ready and reduces operational risk for customers. Read More.
• Positive Sentiment: ServiceNow expands healthcare footprint with Aiva voice-AI integration to drive bedside, clinician and operational workflows — a practical, revenue-accretive use case that can accelerate enterprise adoption in hospitals. Read More.
• Positive Sentiment: Insider and institutional buying signaling conviction in ServiceNow’s AI strategy; reports note CEO purchases and “superinvestors” adding shares — supports medium-term fundamentals. Read More.
• Neutral Sentiment: Company continues to roll out AI products (Autonomous Workforce, EmployeeWorks) and partnerships globally; recognition in industry reports (Forrester) supports positioning but monetization timelines remain key. Read More.
• Negative Sentiment: Near-term pressure from analyst downgrades/price-target cuts and profit-taking: coverage notes a price-target cut prompting some selling and contributing to today’s decline. Read More.
• Negative Sentiment: Technicals and volume: stock is trading below recent moving averages (50-day ~$122, 200-day ~$157) with above-average volume — amplifies downside risk while the market digests guidance/estimates. Read More.

ServiceNow Trading Down 4.5%

ServiceNow stock opened at $116.42 on Wednesday. ServiceNow, Inc. has a 12 month low of $98.00 and a 12 month high of $211.48. The business’s fifty day simple moving average is $121.48 and its two-hundred day simple moving average is $156.38. The company has a market capitalization of $121.77 billion, a price-to-earnings ratio of 69.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company had revenue of $3.57 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the firm posted $0.73 earnings per share. ServiceNow’s revenue was up 20.7% compared to the same quarter last year. As a group, equities analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Insider Activity at ServiceNow

In other ServiceNow news, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the transaction, the insider directly owned 26,314 shares in the company, valued at $2,781,652.94. This represents a 5.05% 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, Director Paul Edward Chamberlain sold 1,500 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the transaction, the director directly owned 46,430 shares of the company’s stock, valued at $4,697,323.10. This represents a 3.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,237 shares of company stock worth $1,697,162. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NOW has been the topic of several research reports. BNP Paribas Exane lowered their target price on ServiceNow from $186.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Capital One Financial decreased their target price on ServiceNow from $188.00 to $161.00 and set an “overweight” rating on the stock in a research note on Friday, January 16th. TD Cowen dropped their price objective on shares of ServiceNow from $200.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on shares of ServiceNow in a research report on Thursday, January 29th. Finally, Piper Sandler reiterated an “overweight” rating on shares of ServiceNow in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ServiceNow currently has an average rating of “Moderate Buy” and an average price target of $192.06.

ServiceNow Company 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.