Washington Trust Bank Raises Position in ServiceNow, Inc. $NOW

Washington Trust Bank grew its position in ServiceNow, Inc. (NYSE:NOW) by 403.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 59,086 shares of the information technology services provider’s stock after purchasing an additional 47,354 shares during the quarter. Washington Trust Bank’s holdings in ServiceNow were worth $9,051,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Magnus Financial Group LLC raised its holdings in ServiceNow by 1.9% in the third quarter. Magnus Financial Group LLC now owns 589 shares of the information technology services provider’s stock worth $542,000 after buying an additional 11 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in ServiceNow by 2.5% in the third quarter. Avidian Wealth Enterprises LLC now owns 453 shares of the information technology services provider’s stock worth $417,000 after buying an additional 11 shares during the last quarter. Meridian Wealth Advisors LLC raised its holdings in ServiceNow by 2.2% in the third quarter. Meridian Wealth Advisors LLC now owns 552 shares of the information technology services provider’s stock worth $508,000 after buying an additional 12 shares during the last quarter. Valley Brook Capital Group Inc. raised its holdings in ServiceNow by 2.1% in the third quarter. Valley Brook Capital Group Inc. now owns 634 shares of the information technology services provider’s stock worth $583,000 after buying an additional 13 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its holdings in ServiceNow by 1.0% in the third quarter. Catalyst Financial Partners LLC now owns 1,270 shares of the information technology services provider’s stock worth $1,169,000 after buying an additional 13 shares during the last quarter. 87.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NOW shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $157.00 target price on shares of ServiceNow in a report on Tuesday, May 5th. Wall Street Zen lowered shares of ServiceNow from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. BMO Capital Markets reduced their price target on shares of ServiceNow from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. reduced their price target on shares of ServiceNow from $195.00 to $145.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, HSBC reduced their price target on shares of ServiceNow from $226.00 to $171.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.71.

Insider Buying and Selling at ServiceNow

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $105.71, for a total transaction of $147,994.00. Following the completion of the sale, the insider directly owned 26,314 shares in the company, valued at approximately $2,781,652.94. The trade was a 5.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the sale, the director owned 46,430 shares of the company’s stock, valued at $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 25,164 shares of company stock valued at $2,497,021. 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 used Knowledge 2026 to showcase expanded AI governance and agentic AI tools, including new AI Control Tower capabilities, security/identity offerings, and governed autonomous agent partnerships that could strengthen its enterprise AI growth story. ServiceNow Seeks AI Control Role As Stock Struggles And Partnerships Grow
• Positive Sentiment: FedEx expanded its partnership with ServiceNow, reinforcing commercial traction and signaling that large enterprises continue to deepen their use of the platform. FedEx expands ServiceNow partnership
• Positive Sentiment: Analyst sentiment remains supportive, with Evercore ISI raising its price target to $150 and BMO Capital reaffirming an Outperform rating, both citing ServiceNow’s durable AI-driven platform opportunity. ServiceNow (NOW) Price Target Raised as AI Growth Story Gains Strength
• Positive Sentiment: ServiceNow’s emphasis on autonomous execution, governance, and context is being viewed by analysts as a defensive advantage that could support recurring demand and longer-term revenue growth. Why Analysts Still Favor ServiceNow, Inc. (NOW)
• Neutral Sentiment: ServiceNow plans to raise $4 billion in bond financing, which could support strategic flexibility but also adds some financing attention for investors. Software Firm ServiceNow Plans to Raise $4 Billion in Bond Sale
• Neutral Sentiment: Recent commentary also highlighted the stock’s sharp pullback over the past year, suggesting some investors still see valuation and execution risks even as the AI narrative improves. Is ServiceNow (NOW) Resetting After A 52% Slide And DCF Upside Scenario?

ServiceNow Stock Performance

Shares of NYSE NOW opened at $91.51 on Tuesday. The firm has a 50 day moving average of $102.18 and a 200 day moving average of $131.38. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $94.35 billion, a price-to-earnings ratio of 54.53, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $211.48.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. On average, research analysts anticipate that ServiceNow, Inc. will post 2.35 earnings per share for the current year.

ServiceNow Company 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.