Caldwell Investment Management Ltd. Acquires 5,600 Shares of ServiceNow, Inc. $NOW

Caldwell Investment Management Ltd. boosted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 400.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the information technology services provider’s stock after purchasing an additional 5,600 shares during the quarter. ServiceNow comprises approximately 0.7% of Caldwell Investment Management Ltd.’s holdings, making the stock its 24th largest position. Caldwell Investment Management Ltd.’s holdings in ServiceNow were worth $1,079,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Paragon Private Wealth Management LLC boosted its stake in ServiceNow by 390.7% during the 4th quarter. Paragon Private Wealth Management LLC now owns 5,648 shares of the information technology services provider’s stock valued at $865,000 after purchasing an additional 4,497 shares during the period. Cunning Capital Partners LP boosted its stake in ServiceNow by 400.0% during the 4th quarter. Cunning Capital Partners LP now owns 17,025 shares of the information technology services provider’s stock valued at $2,608,000 after purchasing an additional 13,620 shares during the period. GW&K Investment Management LLC boosted its stake in ServiceNow by 399.4% during the 4th quarter. GW&K Investment Management LLC now owns 99,876 shares of the information technology services provider’s stock valued at $15,300,000 after purchasing an additional 79,877 shares during the period. Motley Fool Wealth Management LLC boosted its stake in ServiceNow by 297.8% during the 4th quarter. Motley Fool Wealth Management LLC now owns 79,275 shares of the information technology services provider’s stock valued at $12,144,000 after purchasing an additional 59,349 shares during the period. Finally, Motley Fool Asset Management LLC boosted its stake in ServiceNow by 546.6% during the 4th quarter. Motley Fool Asset Management LLC now owns 108,285 shares of the information technology services provider’s stock valued at $16,588,000 after purchasing an additional 91,539 shares during the period. Institutional investors own 87.18% of the company’s stock.

Insider Transactions at ServiceNow

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the sale, the director owned 30,090 shares in the company, valued at approximately $2,712,312.60. This trade represents a 35.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jacqueline P. Canney sold 8,927 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $89.60, for a total value of $799,859.20. Following the completion of the sale, the insider owned 29,531 shares of the company’s stock, valued at $2,645,977.60. This represents a 23.21% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,071 shares of company stock worth $2,529,956 over the last 90 days. Insiders own 0.34% of the company’s stock.

ServiceNow Price Performance

Shares of NOW stock opened at $106.80 on Wednesday. The stock has a 50 day moving average of $99.84 and a two-hundred day moving average of $120.97. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $211.48. 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.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, equities analysts expect that ServiceNow, Inc. will post 2.35 EPS for the current year.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Industry commentary from Thoma Bravo’s Orlando Bravo said fears of an AI-driven “SaaSpocalypse” are fading, calling AI an “enormous tailwind” for software companies. “SaaSpocalypse is over,” Thoma Bravo founder says
• Positive Sentiment: ServiceNow continues to see ecosystem support, including a new NICE AI-first integration designed to unify customer engagement and enterprise workflows, which reinforces demand for its platform. NICE Launches AI-First ServiceNow Integration to Unify Customer Engagement and Enterprise Workflows
• Neutral Sentiment: Several market-watch articles are comparing NOW with peer ExlService Holdings on valuation, suggesting investors are still debating whether ServiceNow’s recent pullback makes the stock attractive. EXLS vs. NOW: Which Stock Is the Better Value Option?
• Neutral Sentiment: Recent articles also frame the stock as part of a broader risk-off move in software and technology, with the Nasdaq weakening and high-multiple names coming under pressure. Nasdaq Slides as Chip Stocks Reverse Course
• Negative Sentiment: Benzinga reported that ServiceNow shares are sliding as investors turn defensive and reassess the recent rebound in enterprise software, adding to short-term selling pressure. ServiceNow Shares Are Sliding Tuesday: What’s Going On?

Analyst Ratings Changes

Several brokerages recently weighed in on NOW. Morgan Stanley decreased their target price on ServiceNow from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating and set a $135.00 target price (down from $175.00) on shares of ServiceNow in a research note on Thursday, April 23rd. Barclays restated an “overweight” rating and set a $134.00 target price (up from $132.00) on shares of ServiceNow in a research note on Tuesday, May 5th. Citigroup increased their target price on ServiceNow from $154.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, HSBC decreased their target price on ServiceNow from $226.00 to $171.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.85.

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.