Ted Buchan & Co Purchases 5,322 Shares of ServiceNow, Inc. $NOW

Ted Buchan & Co lifted its position in ServiceNow, Inc. (NYSE:NOW) by 479.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,433 shares of the information technology services provider’s stock after purchasing an additional 5,322 shares during the quarter. Ted Buchan & Co’s holdings in ServiceNow were worth $985,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. IAG Wealth Partners LLC boosted its position in shares of ServiceNow by 200.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 18 shares in the last quarter. Noble Wealth Management PBC raised its position in ServiceNow by 400.0% in the fourth quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 128 shares in the last quarter. Millstone Evans Group LLC lifted its stake in ServiceNow by 400.0% during the fourth quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 132 shares during the period. CBIZ Investment Advisory Services LLC lifted its stake in ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 135 shares during the period. Finally, Blueline Advisors LLC acquired a new stake in ServiceNow during the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on ServiceNow from $195.00 to $145.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Benchmark initiated coverage on ServiceNow in a research report on Wednesday, April 1st. They set a “buy” rating and a $125.00 target price for the company. HSBC decreased their price target on ServiceNow from $226.00 to $171.00 and set a “buy” rating on the stock in a research note on Thursday, April 16th. BMO Capital Markets cut their price objective on ServiceNow from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $150.00 target price on shares of ServiceNow in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.85.

ServiceNow Trading Down 7.7%

Shares of NOW opened at $117.86 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $121.51 billion, a price-to-earnings ratio of 70.24, a PEG ratio of 2.11 and a beta of 0.94. The stock has a fifty day moving average price of $98.99 and a two-hundred day moving average price of $122.45. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $211.48.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting the consensus estimate of $0.97. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts predict that ServiceNow, Inc. will post 2.35 EPS for the current fiscal year.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: William Blair reiterated a Buy rating on ServiceNow, citing accelerating AI adoption, a model-agnostic architecture, and a potential path to $30 billion in revenue by 2030. Article Title
• Positive Sentiment: Several conference appearances this week suggest management is actively reinforcing the company’s AI and enterprise workflow growth narrative to investors. Article Title
• Positive Sentiment: ServiceNow expanded its partnership with Everbridge’s xMatters, deepening AI-powered incident response and workflow orchestration capabilities for critical operations customers. Article Title
• Positive Sentiment: ServiceNow announced a $2.5 million grant to City Year, highlighting continued investment in workforce development and AI-enabled operational innovation, which supports its brand and enterprise relationships. Article Title
• Neutral Sentiment: Commentary around ServiceNow as an “AI control tower” and comparisons with other enterprise AI names reflect growing investor interest, but these pieces are opinion-based and don’t add fresh financial data. Article Title
• Neutral Sentiment: Recent conference transcripts and AI-sector articles likely helped keep ServiceNow in focus, but they appear more reflective of sentiment than of a new business catalyst. Article Title
• Negative Sentiment: ServiceNow was recently hit by a broader software-sector selloff and a Zacks note pointed to a sharp one-day decline, showing that AI enthusiasm has not eliminated valuation and sentiment pressure. Article Title

Insider Activity at ServiceNow

In other ServiceNow news, insider Jacqueline P. Canney sold 8,927 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $89.60, for a total value of $799,859.20. Following the completion of the sale, the insider owned 29,531 shares in the company, valued at approximately $2,645,977.60. This trade represents a 23.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Fipps sold 1,048 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the completion of the transaction, the insider directly owned 12,072 shares of the company’s stock, valued at approximately $1,189,212.72. This represents a 7.99% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 28,071 shares of company stock worth $2,529,956 in the last quarter. Insiders own 0.34% of the company’s stock.

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.