UniSuper Management Pty Ltd Raises Holdings in ServiceNow, Inc. $NOW

UniSuper Management Pty Ltd grew its position in ServiceNow, Inc. (NYSE:NOW) by 389.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 412,937 shares of the information technology services provider’s stock after buying an additional 328,600 shares during the quarter. UniSuper Management Pty Ltd’s holdings in ServiceNow were worth $63,258,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Parnassus Investments LLC lifted its stake in shares of ServiceNow by 261.1% during the 4th quarter. Parnassus Investments LLC now owns 2,304,946 shares of the information technology services provider’s stock worth $353,095,000 after purchasing an additional 1,666,680 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of ServiceNow by 378.8% during the 4th quarter. Canopy Partners LLC now owns 11,205 shares of the information technology services provider’s stock worth $1,716,000 after purchasing an additional 8,865 shares during the last quarter. Keel Point LLC lifted its stake in shares of ServiceNow by 398.9% during the 4th quarter. Keel Point LLC now owns 6,231 shares of the information technology services provider’s stock worth $955,000 after purchasing an additional 4,982 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of ServiceNow by 429.1% during the 4th quarter. IFM Investors Pty Ltd now owns 226,169 shares of the information technology services provider’s stock worth $34,647,000 after purchasing an additional 183,420 shares during the last quarter. Finally, Mattson Financial Services LLC increased its position in ServiceNow by 485.6% during the 4th quarter. Mattson Financial Services LLC now owns 15,365 shares of the information technology services provider’s stock valued at $2,354,000 after buying an additional 12,741 shares in the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ServiceNow

In other news, insider Paul Fipps sold 1,048 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $98.51, for a total value of $103,238.48. Following the transaction, the insider directly owned 12,072 shares of the company’s stock, valued at approximately $1,189,212.72. This represents a 7.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction dated 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 transaction, the director directly owned 44,930 shares in the company, valued at $3,919,243.90. This represents a 3.23% 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. Insiders sold a total of 28,071 shares of company stock valued at $2,529,956 over the last three months. Company insiders own 0.34% of the company’s stock.

ServiceNow Stock Down 2.9%

Shares of NOW stock opened at $103.03 on Friday. The stock’s 50-day simple moving average is $99.84 and its 200-day simple moving average is $120.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $106.23 billion, a PE ratio of 61.40, a P/E/G ratio of 1.75 and a beta of 0.94. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NOW. Piper Sandler reduced their target price on ServiceNow from $200.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Wall Street Zen lowered ServiceNow from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. HSBC reduced their target price on ServiceNow from $226.00 to $171.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Benchmark began coverage on ServiceNow in a research report on Wednesday, April 1st. They set a “buy” rating and a $125.00 target price on the stock. Finally, BTIG Research reaffirmed a “buy” rating and set a $150.00 target price on shares of ServiceNow in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average target price of $141.85.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow announced a new partnership with IBM aimed at modernizing legacy IT systems and making enterprise data usable for agentic AI, which supports the company’s long-term AI growth narrative. IBM And ServiceNow Target Enterprise AI Scale While Seeding Future Talent
• Positive Sentiment: ServiceNow also expanded its AI footprint through a partnership with Phenom to launch AI hiring agents, reinforcing demand for its workflow automation and AI tools. Phenom Partners with ServiceNow to Introduce AI Hiring Agents
• Positive Sentiment: Analysts said ServiceNow demand remains resilient despite global uncertainty, citing AI growth, pricing power, and a potential path to much higher revenue over time. ServiceNow Demand Remains Resilient Despite Global Uncertainty: Analyst
• Positive Sentiment: ServiceNow was also highlighted as a possible AI winner by market commentators, suggesting investors still see it as one of the better-positioned software names in the AI trade. The AI Trade Nobody Is Making Right Now — and Why It Could Be 2026’s Best Opportunity
• Neutral Sentiment: ServiceNow is getting attention from traders and media as the stock remains volatile, with some technical commentary suggesting the recent pullback may be driven partly by profit-taking rather than a change in fundamentals. What’s Going On With ServiceNow Stock Thursday?
• Negative Sentiment: Multiple reports said ServiceNow disclosed or patched a bug/API vulnerability that may have exposed customer data or allowed unauthorized access, raising cybersecurity and trust concerns. ServiceNow tells customers a bug left some of their data exposed to the internet
• Negative Sentiment: Commentary from Jim Cramer also pointed to ServiceNow’s premium valuation, which can make the stock more vulnerable when sentiment turns cautious. Jim Cramer on ServiceNow: “It’s Expensive, That’s the Problem”
• Negative Sentiment: News about Bay Area job cuts across tech firms added to the cautious tone in the sector, reinforcing worries about a softer enterprise spending backdrop. ServiceNow, Salesforce, other tech firms reveal more Bay Area job cuts

ServiceNow 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.