11,505 ServiceNow, Inc. $NOW Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,881 shares of the information technology services provider’s stock after selling 11,505 shares during the quarter. Sterling Capital Management LLC’s holdings in ServiceNow were worth $24,508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WASHINGTON TRUST Co purchased a new position in ServiceNow in the third quarter valued at approximately $11,154,000. Washington Trust Advisors Inc. lifted its position in shares of ServiceNow by 6,772.7% during the 3rd quarter. Washington Trust Advisors Inc. now owns 1,512 shares of the information technology services provider’s stock worth $203,000 after buying an additional 1,490 shares during the last quarter. XXI Wealth LLC acquired a new position in shares of ServiceNow in the 3rd quarter valued at $482,000. Private Wealth Partners LLC acquired a new position in shares of ServiceNow in the 3rd quarter valued at $251,000. Finally, Insight Advisors LLC PA purchased a new position in shares of ServiceNow in the 3rd quarter valued at $201,000. 87.18% of the stock is owned by institutional investors and hedge funds.

ServiceNow Stock Performance

Shares of NOW traded up $2.29 during mid-day trading on Friday, hitting $159.29. 11,079,096 shares of the company’s stock were exchanged, compared to its average volume of 11,102,899. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $192.97. The firm has a market capitalization 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 business’s 50 day moving average is $137.87 and its two-hundred day moving average is $115.39. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

ServiceNow (NYSE:NOW) last posted its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. ServiceNow’s revenue was up 24.0% compared to the same quarter last year. On average, equities analysts expect that ServiceNow, Inc. will post 2.22 earnings per share for the current year.

Insider Buying and Selling

In other ServiceNow news, insider Jacqueline P. Canney sold 7,847 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the transaction, the insider directly owned 30,042 shares in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 owned 18,305 shares of the company’s stock, valued at approximately $2,706,760.35. The trade was a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,081 shares of company stock worth $1,937,904 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NOW. Jefferies Financial Group reiterated a “buy” rating on shares of ServiceNow in a research note on Tuesday, October 13th. Guggenheim restated a “buy” rating and issued a $175.00 price objective (up from $125.00) on shares of ServiceNow in a research note on Friday. Benchmark reaffirmed a “buy” rating on shares of ServiceNow in a report on Friday, July 17th. Evercore reissued an “outperform” rating on shares of ServiceNow in a report on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on ServiceNow from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.10.

Key Stories Impacting ServiceNow

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

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.