ServiceNow, Inc. $NOW Position Cut by Munich Reinsurance Co Stock Corp in Munich

Posted by Doug Wharley on Sep 6th, 2026

Munich Reinsurance Co Stock Corp in Munich lowered its position in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) by 97.6% in the 2nd quarter, Holdings Channel reports. The fund owned 1,156 shares of the information technology services provider’s stock after selling 47,872 shares during the period. Munich Reinsurance Co Stock Corp in Munich’s holdings in ServiceNow were worth $115,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NOW. Raiffeisen Bank International AG increased its holdings in shares of ServiceNow by 9.0% in the 2nd quarter. Raiffeisen Bank International AG now owns 245,116 shares of the information technology services provider’s stock worth $24,504,000 after acquiring an additional 20,219 shares during the period. CIBC Capital Markets Europe S.A. acquired a new position in ServiceNow during the 2nd quarter valued at about $12,657,000. Lord & Richards Wealth Management LLC grew its position in ServiceNow by 30.8% in the 2nd quarter. Lord & Richards Wealth Management LLC now owns 11,104 shares of the information technology services provider’s stock worth $1,102,000 after purchasing an additional 2,613 shares during the last quarter. Kampmann Melissa S. grew its position in ServiceNow by 63.9% in the 2nd quarter. Kampmann Melissa S. now owns 19,020 shares of the information technology services provider’s stock worth $1,888,000 after purchasing an additional 7,415 shares during the last quarter. Finally, Barlow Wealth Partners LLC acquired a new stake in shares of ServiceNow in the second quarter valued at approximately $3,333,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of NYSE:NOW opened at $141.31 on Friday. The stock has a market cap of $146.11 billion, a price-to-earnings ratio of 88.32, a PEG ratio of 2.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $194.73. The stock’s 50 day moving average price is $117.21 and its 200 day moving average price is $107.95.

ServiceNow (NYSE:NOW – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the company posted $0.81 EPS. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. Equities research analysts anticipate that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NOW shares. CLSA assumed coverage on ServiceNow in a report on Monday, July 20th. They set an “underperform” rating and a $72.00 price target on the stock. BTIG Research restated a “buy” rating and issued a $150.00 target price on shares of ServiceNow in a research report on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of ServiceNow in a research report on Monday, August 3rd. JPMorgan Chase & Co. increased their price target on ServiceNow from $145.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Robert W. Baird raised their price target on ServiceNow from $118.00 to $125.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.24.

View Our Latest Research Report on ServiceNow

Insider Activity at ServiceNow

In related news, insider Paul Fipps sold 2,034 shares of ServiceNow stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the transaction, the insider directly owned 18,305 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,082,886.00. Following the completion of the sale, the insider owned 30,042 shares in the company, valued at approximately $4,145,796. This trade 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. Insiders sold 14,081 shares of company stock valued at $1,937,904 over the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow was selected as a “final trade” on CNBC’s Halftime Report, with the bullish case citing analyst support and the company’s opportunity to expand its AI offerings. Nvidia, ServiceNow, Spotify And A Financial Stock On CNBC’s Final Trades
Positive Sentiment: ServiceNow gained alongside enterprise AI software peers as investor concerns that AI could weaken traditional seat-based software revenue eased. The broader sector rebound provided a favorable trading backdrop for NOW. Palantir Rallies 7% as PwC Alliance Counters Michael Burry Bear Case
Positive Sentiment: Partner adoption is strengthening ServiceNow’s AI-platform narrative. Pricefx’s Deal Optimization App embeds AI pricing, negotiation, and recommendation tools into ServiceNow workflows, suggesting the platform is becoming an important distribution channel for enterprise AI applications. Is ServiceNow Quietly Becoming the Default AI Commerce Platform for Enterprise Partners?
Neutral Sentiment: Analysts and investors remain selective within the software group. Although the sector has rebounded, commentary emphasizes that strong performance varies widely among companies, increasing scrutiny of ServiceNow’s valuation and growth durability. Software Stocks Are Back. 2 Winners, 2 Losers—and Salesforce
Negative Sentiment: Reports of insider selling are weighing on sentiment and may be prompting investors to lock in gains after ServiceNow’s recent rally. Separate coverage also questioned whether the stock’s rapid advance has outpaced near-term fundamentals, making profit-taking a risk. ServiceNow Stock Price Down Following Insider Selling ServiceNow Just Rallied 28% in a Month: Take Profits, or Buy More?

About ServiceNow

(Free Report)

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.