Blair William & Co. IL Buys 71,293 Shares of ServiceNow, Inc. $NOW

Blair William & Co. IL boosted its stake in ServiceNow, Inc. (NYSE:NOW) by 21.7% in the third quarter, HoldingsChannel reports. The firm owned 399,081 shares of the information technology services provider’s stock after acquiring an additional 71,293 shares during the period. ServiceNow accounts for about 1.0% of Blair William & Co. IL’s holdings, making the stock its 17th biggest position. Blair William & Co. IL’s holdings in ServiceNow were worth $367,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in shares of ServiceNow by 49.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,033,496 shares of the information technology services provider’s stock valued at $951,106,000 after buying an additional 341,037 shares in the last quarter. NZS Capital LLC grew its stake in ServiceNow by 445.7% in the third quarter. NZS Capital LLC now owns 26,485 shares of the information technology services provider’s stock valued at $24,374,000 after acquiring an additional 21,632 shares during the period. Sivia Capital Partners LLC grew its stake in ServiceNow by 4.2% in the second quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider’s stock valued at $861,000 after acquiring an additional 34 shares during the period. Brighton Jones LLC increased its holdings in shares of ServiceNow by 1.1% in the fourth quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock worth $2,919,000 after acquiring an additional 30 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC increased its holdings in shares of ServiceNow by 30.0% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 2,479 shares of the information technology services provider’s stock worth $2,549,000 after acquiring an additional 572 shares in the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NOW shares. Argus upgraded ServiceNow to a “strong-buy” rating in a report on Wednesday, February 4th. Truist Financial set a $175.00 target price on shares of ServiceNow in a report on Thursday, February 5th. Arete Research set a $200.00 price target on shares of ServiceNow in a research note on Tuesday, January 6th. Robert W. Baird set a $175.00 price target on shares of ServiceNow in a report on Thursday, January 29th. Finally, Mizuho lowered their price objective on shares of ServiceNow from $210.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $192.06.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: CEO comments and product launches — CEO William McDermott pushed back on the “AI threat” narrative and ServiceNow rolled out new AI offerings for government customers, both cited as direct catalysts for a strong intraday move. ServiceNow (NOW) Stock Jumps 6% as CEO Dismisses AI Threat Narrative
• Positive Sentiment: New AI products & government focus — Announcements at the ServiceNow Government Forum and integrations (e.g., EmployeeWorks combining Moveworks tech) position NOW to win mission‑critical public-sector deals. ServiceNow powers government reinvention with trusted AI
• Positive Sentiment: Autonomous Workforce launch — New AI “Autonomous Workforce” products strengthen ServiceNow’s enterprise automation narrative and support longer-term revenue/upsell expectations. ServiceNow, Inc. (NOW) Launches New Autonomous Workforce
• Positive Sentiment: M&A to accelerate AI capability — Coverage highlights an acquisition push in Israel (and the Armis deal) as management building out AI/security assets, which investors view as strategic for product differentiation. Cloud Stocks: ServiceNow Goes On An Acquisition Spree In Israel
• Positive Sentiment: Analyst/market support — Several buy-oriented pieces and a consensus “Moderate Buy” rating are reinforcing investor confidence after the earnings beat and revenue growth. ServiceNow Given Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Technical & momentum views — Technical analysts point to a double-bottom breakout and recent 16% one‑month gain, which can attract momentum traders but also raises short-term pullback risk. ServiceNow Price Forecast: Double Bottom Signals Trend Shift
• Neutral Sentiment: Buy‑on‑dip narratives — Multiple pieces recommend NOW as a top AI/software buy on dips; useful for long-term investors but dependent on broader software sector sentiment. The Software Recovery Already Started: 5 Stocks to Buy Now
• Neutral Sentiment: Cautionary views — Some coverage asks whether to “hold tight or book profits” after a strong run, signaling possible near-term profit taking even as the medium-term story remains constructive. ServiceNow Stock Climbs 16% in a Month: Hold Tight or Book Profits?

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the transaction, the director directly owned 46,430 shares in the company, valued at approximately $4,697,323.10. The trade was a 3.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kevin Thomas Mcbride sold 1,400 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $105.71, for a total value of $147,994.00. Following the completion of the sale, the insider owned 26,314 shares in the company, valued at approximately $2,781,652.94. This trade represents a 5.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,237 shares of company stock valued at $1,697,162 over the last 90 days. 0.34% of the stock is currently owned by insiders.

ServiceNow Price Performance

Shares of NOW opened at $124.43 on Friday. The company has a market cap of $130.15 billion, a price-to-earnings ratio of 74.60, a PEG ratio of 2.03 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $122.89 and its 200 day simple moving average is $157.47. ServiceNow, Inc. has a 1-year low of $98.00 and a 1-year high of $211.48.

ServiceNow (NYSE:NOW) last announced its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $3.57 billion during the quarter, compared to the consensus estimate of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, research analysts forecast that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

About ServiceNow

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.