ServiceNow, Inc. $NOW Shares Purchased by TIAA Trust National Association

TIAA Trust National Association lifted its position in ServiceNow, Inc. (NYSE:NOW) by 351.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 188,404 shares of the information technology services provider’s stock after acquiring an additional 146,659 shares during the period. TIAA Trust National Association’s holdings in ServiceNow were worth $28,862,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Meridian Wealth Advisors LLC boosted its stake in shares of ServiceNow by 2.2% in the third quarter. Meridian Wealth Advisors LLC now owns 552 shares of the information technology services provider’s stock worth $508,000 after acquiring an additional 12 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of ServiceNow by 1.0% in the third quarter. Catalyst Financial Partners LLC now owns 1,270 shares of the information technology services provider’s stock worth $1,169,000 after acquiring an additional 13 shares during the last quarter. JT Stratford LLC boosted its stake in shares of ServiceNow by 3.5% in the third quarter. JT Stratford LLC now owns 385 shares of the information technology services provider’s stock worth $354,000 after acquiring an additional 13 shares during the last quarter. Abbot Financial Management Inc. boosted its stake in ServiceNow by 2.9% during the third quarter. Abbot Financial Management Inc. now owns 502 shares of the information technology services provider’s stock worth $462,000 after buying an additional 14 shares during the last quarter. Finally, Cozad Asset Management Inc. boosted its stake in ServiceNow by 6.7% during the third quarter. Cozad Asset Management Inc. now owns 223 shares of the information technology services provider’s stock worth $205,000 after buying an additional 14 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Price Performance

NYSE:NOW opened at $106.80 on Wednesday. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $211.48. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $110.11 billion, a P/E ratio of 63.65, a P/E/G ratio of 1.89 and a beta of 0.94. The stock’s fifty day moving average is $99.84 and its two-hundred day moving average is $120.97.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting analysts’ consensus estimates of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts expect that ServiceNow, Inc. will post 2.35 EPS for the current year.

Analyst Upgrades and Downgrades

NOW has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $115.00 price objective on shares of ServiceNow in a research note on Tuesday, May 5th. Weiss Ratings lowered ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, April 21st. Wells Fargo & Company lowered their price objective on ServiceNow from $185.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $121.00 price objective on shares of ServiceNow in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.85.

Insiders Place Their Bets

In other ServiceNow news, insider Paul Fipps sold 1,048 shares of ServiceNow 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 sale, the insider owned 12,072 shares in the company, valued at $1,189,212.72. The trade was a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the sale, the director owned 44,930 shares in the company, valued at $3,919,243.90. This represents a 3.23% 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 have sold 28,071 shares of company stock worth $2,529,956 over the last ninety days. Company insiders own 0.34% of the company’s stock.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow and NICE launched a joint AI solution that connects real-time customer engagement with enterprise workflow execution, potentially expanding ServiceNow’s role in automated service fulfillment and improving the appeal of its AI-driven platform. ServiceNow NICE AI Alliance Links Customer Engagement To Core Workflows
• Positive Sentiment: Industry commentary from Thoma Bravo’s founder argued that fears of an AI-driven “SaaSpocalypse” are fading, with AI instead seen as a tailwind for software companies like ServiceNow. SaaSpocalypse is over, Thoma Bravo founder says
• Neutral Sentiment: Market coverage noted that ServiceNow was outperforming the broader market in prior sessions, but recent volatility suggests investors are questioning whether the rebound in beaten-down enterprise software can continue. ServiceNow (NOW) Exceeds Market Returns: Some Facts to Consider
• Negative Sentiment: Shares are falling as investors move to a risk-off stance, and sector weakness in high-growth technology is pressuring enterprise software stocks more broadly. ServiceNow Shares Are Sliding Tuesday: What’s Going On?
• Negative Sentiment: Broader market weakness, especially a sharp drop in chip and Nasdaq names, is weighing on sentiment and spilling over into stocks like ServiceNow. Broader Market Settles Lower as Chip Stocks Sink

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.