UNIVEST FINANCIAL Corp Increases Stock Position in ServiceNow, Inc. $NOW

UNIVEST FINANCIAL Corp increased its position in ServiceNow, Inc. (NYSE:NOW) by 37.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,439 shares of the information technology services provider’s stock after buying an additional 7,486 shares during the period. UNIVEST FINANCIAL Corp’s holdings in ServiceNow were worth $2,869,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. 180 Wealth Advisors LLC increased its holdings in shares of ServiceNow by 142.6% in the 1st quarter. 180 Wealth Advisors LLC now owns 17,810 shares of the information technology services provider’s stock worth $1,862,000 after buying an additional 10,469 shares during the last quarter. Welch & Forbes LLC raised its position in ServiceNow by 25.9% during the first quarter. Welch & Forbes LLC now owns 284,864 shares of the information technology services provider’s stock valued at $29,783,000 after purchasing an additional 58,687 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of ServiceNow by 1.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 243,658 shares of the information technology services provider’s stock valued at $25,474,000 after purchasing an additional 2,351 shares during the last quarter. General American Investors Co. Inc. purchased a new stake in ServiceNow during the 1st quarter valued at $6,273,000. Finally, Citizens Financial Group Inc. RI lifted its position in ServiceNow by 25.8% in the first quarter. Citizens Financial Group Inc. RI now owns 91,810 shares of the information technology services provider’s stock worth $9,599,000 after buying an additional 18,838 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, insider Paul Fipps sold 1,048 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $98.51, for a total transaction of $103,238.48. Following the transaction, the insider owned 12,072 shares of the company’s stock, valued at approximately $1,189,212.72. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Also, insider Jacqueline P. Canney sold 8,927 shares of the business’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $89.60, for a total transaction of $799,859.20. Following the completion of the sale, the insider owned 29,531 shares of the company’s stock, valued at approximately $2,645,977.60. This represents a 23.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,071 shares of company stock valued at $2,529,956 in the last 90 days. Insiders own 0.34% of the company’s stock.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow rallied after reports that a large international electronics company is teaming up with the company on a new AI-powered product that will be available on ServiceNow’s platform, reinforcing its role in enterprise AI. Why ServiceNow Stock Crushed it on Thursday
• Positive Sentiment: Truist Financial raised its price target on ServiceNow from $120 to $130 and kept a buy rating, signaling continued analyst confidence in the company’s growth prospects. Benzinga report on Truist price target increase
• Positive Sentiment: Investor sentiment around software improved as AI spending expectations shifted in favor of application software, helping ServiceNow participate in the broader rotation toward software names. Chip Stocks Drop 12% as Software Rebounds in AI Trade Shift
• Neutral Sentiment: Several market updates described ServiceNow as consolidating or trading flat while investors digested the AI partnership news and a more constructive analyst tone, suggesting a pause after the recent move rather than a fresh fundamental shift. ServiceNow Stock Consolidates as Accenture Launches Agentic AI Offerings
• Negative Sentiment: Friday trading saw ServiceNow slip as investors appeared to take profits and reassess whether the recent AI enthusiasm has already been priced in. ServiceNow Stock Falls Friday: What’s Going On?

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NOW. Sanford C. Bernstein reissued an “outperform” rating on shares of ServiceNow in a research note on Monday, June 29th. Bank of America initiated coverage on ServiceNow in a report on Monday, May 18th. They issued a “buy” rating and a $130.00 price target on the stock. Argus dropped their price objective on ServiceNow from $180.00 to $134.00 and set a “buy” rating for the company in a report on Friday, April 24th. Citigroup increased their target price on ServiceNow from $154.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, FBN Securities decreased their target price on ServiceNow from $160.00 to $120.00 in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.47.

ServiceNow Stock Down 0.9%

NYSE NOW traded down $1.03 on Friday, reaching $107.81. 11,058,890 shares of the stock traded hands, compared to its average volume of 20,996,616. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $210.20. The company has a market cap of $111.16 billion, a price-to-earnings ratio of 64.25, a PEG ratio of 1.79 and a beta of 0.96. The company has a fifty day moving average price of $102.49 and a 200-day moving average price of $111.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.84.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.97. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.75 billion. ServiceNow had a return on equity of 18.16% and a net margin of 12.59%.The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 EPS. As a group, research analysts forecast that ServiceNow, Inc. will post 2.34 EPS for the current fiscal 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.