83,229 Shares in ServiceNow, Inc. $NOW Bought by WASHINGTON TRUST Co

WASHINGTON TRUST Co acquired a new position in shares of ServiceNow, Inc. (NYSE:NOW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 83,229 shares of the information technology services provider’s stock, valued at approximately $11,154,000.

Other large investors also recently made changes to their positions in the company. A. D. Beadell Investment Counsel Inc. raised its stake in shares of ServiceNow by 2.9% in the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 2,818 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 80 shares during the period. DUTCH ASSET Corp lifted its holdings in shares of ServiceNow by 0.5% during the 3rd quarter. DUTCH ASSET Corp now owns 16,331 shares of the information technology services provider’s stock valued at $2,189,000 after acquiring an additional 82 shares in the last quarter. Atwood & Palmer Inc. lifted its holdings in shares of ServiceNow by 20.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 600 shares of the information technology services provider’s stock valued at $60,000 after acquiring an additional 100 shares in the last quarter. Diligent Investors LLC boosted its position in ServiceNow by 4.1% during the 3rd quarter. Diligent Investors LLC now owns 2,560 shares of the information technology services provider’s stock worth $343,000 after purchasing an additional 100 shares during the period. Finally, Signature Wealth Management Partners LLC boosted its position in ServiceNow by 3.3% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 3,281 shares of the information technology services provider’s stock worth $440,000 after purchasing an additional 106 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on NOW shares. Guggenheim reiterated a “buy” rating and issued a $175.00 price target (up from $125.00) on shares of ServiceNow in a report on Friday. Royal Bank Of Canada boosted their price objective on ServiceNow from $130.00 to $176.00 and gave the stock an “outperform” rating in a research note on Monday, October 12th. Piper Sandler boosted their price objective on ServiceNow from $140.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Zacks Research downgraded ServiceNow from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. Finally, TD Cowen increased their target price on ServiceNow from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.10.

ServiceNow Stock Up 1.5%

ServiceNow stock traded up $2.29 during midday trading on Friday, hitting $159.29. 11,079,096 shares of the stock were exchanged, compared to its average volume of 11,102,899. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $192.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market cap of $164.71 billion, a P/E ratio of 99.56, a P/E/G ratio of 2.88 and a beta of 0.99. The company has a 50 day moving average price of $137.87 and a two-hundred day moving average price of $115.39.

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, beating 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 net margin of 11.34% and a return on equity of 16.45%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 EPS. On average, sell-side analysts predict that ServiceNow, Inc. will post 2.22 earnings per share for the current fiscal year.

ServiceNow News Summary

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 Transactions at ServiceNow

In related news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the transaction, the insider owned 18,305 shares in the company, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jacqueline Canney sold 7,847 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the completion of the transaction, the insider owned 30,042 shares in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their position. 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. Over the last ninety days, insiders have sold 14,081 shares of company stock valued at $1,937,904. 0.34% of the stock is currently owned by insiders.

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.