Lazard Asset Management LLC Purchases 359,854 Shares of ServiceNow, Inc. $NOW

Lazard Asset Management LLC grew its position in ServiceNow, Inc. (NYSE:NOW) by 109.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 688,863 shares of the information technology services provider’s stock after buying an additional 359,854 shares during the quarter. Lazard Asset Management LLC’s holdings in ServiceNow were worth $72,021,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC raised its holdings in shares of ServiceNow by 400.0% in the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 132 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in ServiceNow by 540.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 135 shares in the last quarter. Blueline Advisors LLC bought a new position in ServiceNow during the 4th quarter worth about $25,000. Measured Wealth Private Client Group LLC increased its position in ServiceNow by 560.0% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 140 shares during the period. Finally, Wealth Watch Advisors INC increased its position in ServiceNow by 432.3% during the 4th quarter. Wealth Watch Advisors INC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 134 shares during the period. Institutional investors own 87.18% of the company’s stock.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Software-sector rebound: ServiceNow rose alongside Salesforce and Workday as investors shifted from chip stocks toward enterprise software, viewing established software vendors as potential beneficiaries of the AI spending cycle. Software stocks rebound on AI rotation
• Positive Sentiment: Growth and guidance support: Recent coverage points to accelerating revenue, subscription revenue growth of roughly 25%, and management raising its full-year outlook. ServiceNow’s latest quarterly results also exceeded consensus estimates for earnings and revenue, reinforcing the fundamental case for the stock. ServiceNow revenue growth is accelerating
• Positive Sentiment: AI partnerships and adoption: ServiceNow and TeamViewer agreed to a multiyear partnership linking TeamViewer’s remote-connectivity tools with the ServiceNow AI Platform. Experian is also expanding its use of the platform for AI-driven workflows, supporting the company’s positioning as an enterprise AI control center. ServiceNow partners with TeamViewer and expands Experian deployment
• Positive Sentiment: Analyst and valuation optimism: Coverage includes an analyst upgrade and a broadly Buy-rated brokerage consensus. Some investors argue that the year’s selloff has left NOW attractively valued relative to its AI-led growth and cross-selling potential. ServiceNow stock rises after analyst upgrade
• Neutral Sentiment: Although analyst recommendations remain favorable, coverage cautions that consensus ratings can be overly optimistic and should not be treated as a standalone buy signal. Broker recommendations for ServiceNow
• Negative Sentiment: AI-disruption concerns remain a valuation and execution risk. ServiceNow has already suffered a substantial yearly decline, and its premium multiple leaves the stock sensitive to any slowdown in growth or disappointment from agentic-AI initiatives.

ServiceNow Stock Up 7.0%

NYSE:NOW opened at $105.71 on Tuesday. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $201.15. The stock has a market capitalization of $109.31 billion, a P/E ratio of 66.07, a P/E/G ratio of 1.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The company’s 50-day simple moving average is $104.81 and its 200-day simple moving average is $107.12.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The company’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, equities analysts anticipate that ServiceNow, Inc. will post 2.33 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 1,048 shares of ServiceNow stock in a transaction on Monday, May 18th. The shares were 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. 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 can be accessed 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 company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total value of $130,845.00. Following the transaction, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their ownership of the stock. 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 19,144 shares of company stock worth $1,730,097 over the last three months. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NOW. Weiss Ratings lowered shares of ServiceNow from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 10th. UBS Group set a $248.00 price objective on shares of ServiceNow in a report on Thursday. The Goldman Sachs Group reissued a “buy” rating and issued a $145.00 price objective (down from $163.00) on shares of ServiceNow in a research note on Wednesday, July 8th. Citic Securities lowered their target price on ServiceNow from $168.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Stifel Nicolaus dropped their target price on ServiceNow from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.39.

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.