66,490 ServiceNow, Inc. $NOW Shares Bought by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. increased its stake in ServiceNow, Inc. (NYSE:NOW) by 396.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,270 shares of the information technology services provider’s stock after acquiring an additional 66,490 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in ServiceNow were worth $11,159,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NOW. Cornerstone Financial Management LLC raised its position in shares of ServiceNow by 72.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock worth $25,000 after buying an additional 107 shares during the period. Marquette Asset Management LLC grew its position in ServiceNow by 75.0% during the second quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 129 shares during the period. Kilter Group LLC acquired a new stake in ServiceNow during the second quarter worth about $31,000. Solstein Capital LLC acquired a new stake in ServiceNow during the second quarter worth about $35,000. Finally, Main Street Group LTD purchased a new position in shares of ServiceNow in the 1st quarter worth about $40,000. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NOW shares. JPMorgan Chase & Co. increased their price objective on shares of ServiceNow from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday. Mizuho set a $165.00 price target on shares of ServiceNow in a research report on Thursday. BTIG Research lowered their price target on ServiceNow from $170.00 to $150.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $165.00 price objective on shares of ServiceNow in a research report on Thursday. Finally, Jefferies Financial Group set a $145.00 price objective on ServiceNow in a research note on Thursday. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $154.50.

ServiceNow Stock Performance

Shares of NYSE:NOW opened at $105.12 on Monday. The company has a market capitalization of $109.11 billion, a P/E ratio of 75.63, a P/E/G ratio of 2.00 and a beta of 1.00. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $189.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50 day simple moving average is $138.71 and its 200 day simple moving average is $115.45.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.02). ServiceNow had a return on equity of 15.17% and a net margin of 9.36%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the company earned $4.82 EPS. The business’s revenue was up 20.5% compared to the same quarter last year. On average, research analysts anticipate that ServiceNow, Inc. will post 2.14 EPS for the current fiscal year.

Insider Activity at ServiceNow

In other news, Director Paul Chamberlain sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $135.50, for a total transaction of $365,850.00. Following the sale, the director directly owned 43,990 shares in the company, valued at $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jacqueline P. Canney sold 7,847 shares of the stock in a transaction that occurred 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 owned 30,042 shares in the company, valued at $4,145,796. This represents a 20.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is owned by corporate insiders.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported 20.5% year-over-year revenue growth, supported by subscription demand, and raised its 2026 artificial-intelligence contract target to $1.7 billion. Management and bullish analysts argue that AI adoption could accelerate growth in 2027. ServiceNow: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Several analysts continue to rate NOW Buy or Overweight despite reducing their price targets. JPMorgan, Piper Sandler, Wells Fargo and Oppenheimer still see substantial long-term upside, suggesting the sell-off may have been excessive. ServiceNow stock is on track for its largest drop on record
• Positive Sentiment: A new partnership with BDO Canada will help organizations govern AI and automate operations using ServiceNow’s platform, providing potential support for future enterprise demand. BDO Canada partners with ServiceNow
• Neutral Sentiment: ServiceNow’s CEO has defended the company’s valuation and long-term opportunity, while a reported $3 million insider stock purchase may signal management confidence. However, such commentary has not offset investor concerns about guidance. ServiceNow CEO makes striking unicorn claim
• Negative Sentiment: The primary catalyst for the sell-off was management’s forecast for slower fourth-quarter current remaining performance obligation growth—about 18.5%, below the approximately 21.5% revenue-growth outlook. Because cRPO represents contracted future revenue, investors viewed the gap as a warning that demand may be weakening. ServiceNow Guides to Slower Backlog Growth
• Negative Sentiment: Third-quarter adjusted earnings of $1.00 per share fell short of the $1.02 consensus estimate. The miss, combined with concerns that AI could disrupt traditional software pricing and demand, overshadowed the revenue beat and higher AI target. ServiceNow shares plunge after earnings
• Negative Sentiment: Investors are also monitoring ServiceNow’s roughly $7.5 billion debt load and rising interest costs, while a shareholder investigation into potential securities-law violations adds reputational and legal uncertainty. ServiceNow’s Debt and Interest Costs Jump

ServiceNow Company Profile

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.