63,636 ServiceNow, Inc. $NOW Shares Acquired by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators lifted its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 28.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 290,735 shares of the information technology services provider’s stock after acquiring an additional 63,636 shares during the period. ServiceNow makes up approximately 0.9% of PBU The Pension Fund of Early Childhood & Youth Educators’ investment portfolio, making the stock its 22nd largest holding. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in ServiceNow were worth $38,961,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. CENTRAL TRUST Co lifted its stake in shares of ServiceNow by 4.4% during the third quarter. CENTRAL TRUST Co now owns 10,876 shares of the information technology services provider’s stock worth $1,457,000 after buying an additional 460 shares during the period. Fifth Third Bancorp purchased a new stake in shares of ServiceNow during the third quarter valued at $85,754,000. Three Bridge Wealth Advisors LLC acquired a new position in shares of ServiceNow in the 3rd quarter valued at $107,000. King Luther Capital Management Corp increased its position in shares of ServiceNow by 208.7% in the 3rd quarter. King Luther Capital Management Corp now owns 176,090 shares of the information technology services provider’s stock valued at $23,598,000 after acquiring an additional 119,039 shares during the period. Finally, Maryland State Retirement & Pension System increased its position in shares of ServiceNow by 14.3% in the 3rd quarter. Maryland State Retirement & Pension System now owns 63,071 shares of the information technology services provider’s stock valued at $8,452,000 after acquiring an additional 7,914 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Benchmark restated a “buy” rating on shares of ServiceNow in a research note on Friday, July 17th. BMO Capital Markets boosted their price target on ServiceNow from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating and issued a $160.00 price objective on shares of ServiceNow in a report on Thursday, October 29th. Cantor Fitzgerald raised their price objective on ServiceNow from $174.00 to $201.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Finally, DA Davidson set a $170.00 price objective on ServiceNow and gave the stock a “buy” rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.50.

Insider Buying and Selling at ServiceNow

In other news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the transaction, the insider owned 18,305 shares of the company’s stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jacqueline Canney sold 7,847 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the completion of the sale, the insider owned 30,042 shares in the company, valued at $4,145,796. The trade was a 20.71% decrease in their position. 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. In the last quarter, insiders sold 13,870 shares of company stock worth $1,880,595. Insiders own 0.34% of the company’s stock.

More ServiceNow News

Here’s some of the latest news about NOW:

• Neutral Sentiment: LicenseFortress added ServiceNow to its software-licensing advisory services, including cost reviews and renewal support. This may help customers manage licensing but does not directly signal new ServiceNow revenue. LicenseFortress expands services to include ServiceNow
• Negative Sentiment: A Pomerantz law firm investigation into potential investor claims adds uncertainty; the announcement does not establish wrongdoing. Pomerantz investigation announcement
• Negative Sentiment: Despite fresh agentic-AI partnership news, one analysis questions whether ServiceNow’s valuation is justified by current earnings. The concern comes as the stock has fallen sharply over the past year and the broader AI software selloff weighs on sentiment; investors are looking for evidence that AI products can translate into financial returns. Valuation concerns despite AI partnership news

ServiceNow Trading Down 2.1%

Shares of ServiceNow stock opened at $100.65 on Friday. The stock has a market cap of $104.47 billion, a PE ratio of 72.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The firm has a fifty day moving average price of $132.97 and a 200 day moving average price of $114.22. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $175.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72.

ServiceNow (NYSE:NOW) last posted its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.09 billion. ServiceNow had a net margin of 9.36% and a return on equity of 15.17%. ServiceNow’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.82 earnings per share. Equities research analysts predict that ServiceNow, Inc. will post 2.12 earnings per share for the current year.

ServiceNow Profile

ServiceNow, Inc. provides cloud-based software that helps organizations manage digital workflows and automate business processes. Founded in 2004 by Fred Luddy, the company began with a focus on IT service management and has expanded its platform to support a range of enterprise operations. Its products include tools for IT service and operations management, customer service, human resources, security, and application development. ServiceNow also offers artificial intelligence capabilities, including tools designed to help organizations automate tasks and find information across workflows.