DSM Capital Partners LLC Purchases 148,882 Shares of ServiceNow, Inc. $NOW

DSM Capital Partners LLC increased its position in shares of ServiceNow, Inc. (NYSE:NOW) by 45.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 475,149 shares of the information technology services provider’s stock after purchasing an additional 148,882 shares during the quarter. ServiceNow makes up approximately 0.9% of DSM Capital Partners LLC’s holdings, making the stock its 24th biggest holding. DSM Capital Partners LLC’s holdings in ServiceNow were worth $49,677,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its stake in ServiceNow by 0.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 119,725 shares of the information technology services provider’s stock worth $12,517,000 after buying an additional 900 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of ServiceNow by 110.8% in the first quarter. Axxcess Wealth Management LLC now owns 7,099 shares of the information technology services provider’s stock valued at $742,000 after acquiring an additional 3,731 shares during the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of ServiceNow by 12.3% in the 1st quarter. Childress Capital Advisors LLC now owns 4,828 shares of the information technology services provider’s stock worth $505,000 after acquiring an additional 530 shares in the last quarter. Flatrock Wealth Partners LLC acquired a new position in shares of ServiceNow in the 1st quarter worth approximately $226,000. Finally, Montag A & Associates Inc. grew its position in ServiceNow by 3,264.2% during the 1st quarter. Montag A & Associates Inc. now owns 28,259 shares of the information technology services provider’s stock worth $2,954,000 after acquiring an additional 27,419 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow shares have been lifted by a broader rotation into beaten-down software stocks, with investors moving away from high-flying semiconductors and into enterprise software names. ServiceNow (NOW) Stock Is Up, What You Need To Know
• Positive Sentiment: Traders are also reacting to a more constructive analyst tone and fresh AI product momentum, with Guggenheim reportedly dismissing the “software extinction” thesis and upgrading ServiceNow. Why ServiceNow Stock Is Climbing After Guggenheim Dismisses Software ‘Extinction’ Valuation
• Positive Sentiment: ServiceNow is gaining attention for new AI and government/defense partnerships, including work tied to mission-critical biosurveillance and state health systems, which could expand its addressable market beyond workflow automation. ServiceNow (NOW) Lands Defense And State AI Partnerships That Reach Beyond Workflows
• Positive Sentiment: Another bullish angle is that outside coverage is arguing the “AI bear case” against ServiceNow is weakening, reinforcing the idea that the stock may still have upside despite valuation concerns. ServiceNow: The AI Bear Case Is Falling Apart
• Neutral Sentiment: Several recent pieces, including comparisons with Salesforce and EPAM, are largely valuation and strategy debates rather than immediate catalysts, so they are more likely to shape longer-term sentiment than today’s trading. EPAM or NOW: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: ServiceNow’s appearance in “most watched” and “final trades” media coverage is adding visibility, but these mentions do not appear to be tied to a fundamental business update. ServiceNow, Inc. (NOW) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Macro risk is still present for software stocks, as Middle East tensions pressured peers like Palantir and Salesforce; that kind of market weakness could spill over into ServiceNow if risk appetite fades. Palantir Leads Software Stocks Lower

Insider Transactions at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the completion of the sale, the director directly owned 30,090 shares of the company’s stock, valued at approximately $2,712,312.60. The trade was a 35.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 8,927 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $89.60, for a total transaction of $799,859.20. Following the transaction, the insider owned 29,531 shares in the company, valued at approximately $2,645,977.60. The trade was a 23.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 28,071 shares of company stock worth $2,529,956. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citic Securities dropped their price target on ServiceNow from $168.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, May 21st. BNP Paribas Exane upgraded ServiceNow from a “neutral” rating to an “outperform” rating and set a $140.00 target price on the stock in a report on Monday, March 16th. Oppenheimer restated an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 26th. Wolfe Research set a $125.00 target price on ServiceNow in a research note on Thursday, April 23rd. Finally, Cantor Fitzgerald set a $130.00 price target on ServiceNow in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.22.

ServiceNow Stock Down 2.6%

NYSE:NOW opened at $107.87 on Thursday. The stock’s fifty day moving average price is $101.74 and its two-hundred day moving average price is $111.62. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $210.20. 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 company has a market cap of $111.22 billion, a price-to-earnings ratio of 64.29, a P/E/G ratio of 1.84 and a beta of 0.96.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, meeting the consensus estimate of $0.97. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. On average, analysts anticipate that ServiceNow, Inc. will post 2.34 EPS for the current year.

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.