Glenview Trust Co Makes New Investment in ServiceNow, Inc. $NOW

Glenview Trust Co purchased a new stake in ServiceNow, Inc. (NYSE:NOW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 84,816 shares of the information technology services provider’s stock, valued at approximately $8,421,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealth Watch Advisors INC acquired a new position in shares of ServiceNow during the third quarter worth about $29,000. Kelleher Financial Advisors bought a new position in shares of ServiceNow during the 3rd quarter worth approximately $50,000. Pin Oak Investment Advisors Inc. grew its stake in shares of ServiceNow by 20.7% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 134 shares of the information technology services provider’s stock worth $123,000 after acquiring an additional 23 shares in the last quarter. Jupiter Wealth Management LLC acquired a new stake in shares of ServiceNow in the second quarter valued at approximately $154,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of ServiceNow by 540.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Trading Up 10.1%

Shares of NOW stock opened at $138.50 on Friday. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $194.73. The company has a market capitalization of $143.20 billion, a PE ratio of 86.56, a price-to-earnings-growth ratio of 2.21 and a beta of 0.94. The firm has a 50 day moving average price of $111.34 and a two-hundred day moving average price of $106.33. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43.

ServiceNow (NYSE:NOW) last released its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period last year, the firm posted $0.81 EPS. As a group, analysts predict that ServiceNow, Inc. will post 2.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NOW has been the subject of a number of recent research reports. Truist Financial increased their price objective on shares of ServiceNow from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Morgan Stanley set a $180.00 target price on ServiceNow in a research report on Tuesday, July 21st. KeyCorp reiterated an “underweight” rating on shares of ServiceNow in a report on Tuesday, July 21st. TD Cowen reissued a “buy” rating and set a $140.00 price target on shares of ServiceNow in a research report on Monday, August 17th. Finally, DA Davidson set a $170.00 price target on ServiceNow and gave the company a “buy” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, ServiceNow has an average rating of “Moderate Buy” and a consensus price target of $144.24.

Insider Activity

In other news, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $125.60, for a total value of $188,400.00. Following the completion of the sale, the director owned 46,690 shares of the company’s stock, valued at approximately $5,864,264. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.34% of the company’s stock.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Salesforce earnings lifted the sector. Salesforce’s strong quarterly results, raised guidance and “Claudeforce” AI announcement eased fears of a broad “SaaS-pocalypse.” The read-through suggests businesses are adding AI tools to existing software platforms rather than replacing them, benefiting ServiceNow. Why ServiceNow Rallied Today
• Positive Sentiment: Enterprise AI momentum remains a key catalyst. Reports highlighted ServiceNow’s more than $1 billion in AI annual contract value, expanding customer adoption and the potential for its AI Control Tower and agentic-AI products to create additional revenue streams. Agentic AI Adoption Boosts NOW’s Growth Prospects Against MSFT & CRM
• Positive Sentiment: Technical and analyst sentiment improved. ServiceNow cleared an early buy point as disruption fears faded, while coverage cited positive price-target actions and a potential sector re-rating. ServiceNow, IBD Stock Of The Day
• Positive Sentiment: Platform integrations support monetization. Pricefx announced an integration that brings AI-powered deal optimization and sales guidance to ServiceNow workflows, reinforcing the platform’s ecosystem and enterprise-use case. Pricefx Announces Integration with ServiceNow

About ServiceNow

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.