ServiceNow, Inc. $NOW Stock Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. lessened its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 48.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,702 shares of the information technology services provider’s stock after selling 23,929 shares during the quarter. SBI Securities Co. Ltd.’s holdings in ServiceNow were worth $3,444,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of ServiceNow in the 2nd quarter valued at $9,536,615,000. Bank of New York Mellon Corp acquired a new stake in ServiceNow during the 2nd quarter worth $712,573,000. Legal & General Group Plc purchased a new stake in ServiceNow in the second quarter valued at $641,888,000. Bank of America Corp DE purchased a new stake in ServiceNow in the second quarter valued at $627,355,000. Finally, Deutsche Bank AG purchased a new stake in ServiceNow in the second quarter valued at $595,157,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Up 1.5%

NOW opened at $159.29 on Friday. The business has a 50 day moving average price of $137.87 and a two-hundred day moving average price of $115.39. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The company has a market cap of $164.71 billion, a PE ratio of 82.29, a P/E/G ratio of 2.88 and a beta of 0.99. ServiceNow, Inc. has a 52 week low of $81.24 and a 52 week high of $192.97.

ServiceNow (NYSE:NOW) last posted its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The company 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% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. As a group, research analysts anticipate that ServiceNow, Inc. will post 2.22 EPS for the current year.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bank of America raised its price target to $180 ahead of ServiceNow’s third-quarter results, citing continued demand for AI-related products and services. The revised target signals confidence that AI adoption can support additional growth. Bank of America Boosts ServiceNow Forecast Ahead of Earnings
• Positive Sentiment: ServiceNow’s defense and national-security business is being positioned as a major growth driver over the next year. Management highlighted demand for workflow automation, AI, cybersecurity, logistics modernization and digital transformation among military and government agencies. ServiceNow Defense Business Interview
• Positive Sentiment: The company and Nvidia launched “Arc,” an AI agent designed to plan tasks and verify its work. The product reinforces ServiceNow’s strategy of embedding governed, enterprise-grade AI into its workflow platform, potentially supporting product adoption and customer spending. ServiceNow and Nvidia Launch Arc
• Positive Sentiment: ServiceNow was selected as a preferred idea on CNBC’s “Final Trades,” while Polen Capital highlighted the company’s AI opportunity and revenue-growth prospects. These endorsements add to favorable market sentiment, although they are not substitutes for operating results. ServiceNow on CNBC’s Final Trades
• Neutral Sentiment: Investors are focused on ServiceNow’s upcoming third-quarter earnings, with analysts examining subscription growth, current remaining performance obligations, margins and other operating metrics beyond revenue and EPS. Results and guidance could determine whether the recent rally continues. ServiceNow Q3 Performance Estimates
• Negative Sentiment: Comparisons with TD SYNNEX frame ServiceNow as a less obvious value investment. NOW’s premium valuation means the stock remains sensitive to an earnings or guidance disappointment, despite its strong growth prospects. SNX vs. NOW Value Comparison

Insider Buying and Selling

In related news, insider Jacqueline Canney sold 7,847 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the sale, the insider directly owned 30,042 shares of the company’s stock, valued at $4,145,796. This trade represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of ServiceNow stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the completion of the transaction, the director owned 43,990 shares in the company, valued at approximately $5,960,645. This trade represents a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,081 shares of company stock valued at $1,937,904 over the last three months. 0.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NOW. Stifel Nicolaus set a $160.00 price target on ServiceNow and gave the stock a “buy” rating in a research note on Tuesday, October 6th. UBS Group set a $165.00 price objective on ServiceNow in a research note on Monday. Benchmark reissued a “buy” rating on shares of ServiceNow in a report on Friday, July 17th. BTIG Research reaffirmed a “buy” rating and issued a $170.00 target price on shares of ServiceNow in a report on Monday, October 12th. Finally, Morgan Stanley set a $180.00 price target on shares of ServiceNow in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.10.

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.