ServiceNow, Inc. $NOW Shares Bought by Beaton Management Co. Inc.

Beaton Management Co. Inc. boosted its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 388.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,125 shares of the information technology services provider’s stock after purchasing an additional 4,075 shares during the quarter. Beaton Management Co. Inc.’s holdings in ServiceNow were worth $785,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Heritage Trust Co raised its holdings in shares of ServiceNow by 397.4% in the 4th quarter. Heritage Trust Co now owns 9,745 shares of the information technology services provider’s stock valued at $1,493,000 after buying an additional 7,786 shares during the period. Strategic Advisors LLC increased its holdings in ServiceNow by 380.4% during the 4th quarter. Strategic Advisors LLC now owns 26,271 shares of the information technology services provider’s stock worth $4,024,000 after purchasing an additional 20,802 shares during the period. 3Chopt Investment Partners LLC increased its holdings in ServiceNow by 402.3% during the 4th quarter. 3Chopt Investment Partners LLC now owns 1,321 shares of the information technology services provider’s stock worth $202,000 after purchasing an additional 1,058 shares during the period. Allen Investment Management LLC increased its holdings in ServiceNow by 497.2% during the 4th quarter. Allen Investment Management LLC now owns 790,892 shares of the information technology services provider’s stock worth $121,157,000 after purchasing an additional 658,450 shares during the period. Finally, AXQ Capital LP increased its holdings in ServiceNow by 1,531.1% during the 4th quarter. AXQ Capital LP now owns 11,320 shares of the information technology services provider’s stock worth $1,734,000 after purchasing an additional 10,626 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow is benefiting from a broad software rally after Nvidia’s Jensen Huang said AI should be seen as an opportunity for software firms rather than a threat. ServiceNow, Adobe stocks jump as Nvidia’s new AI chip sparks software rally
• Positive Sentiment: Investors are also reacting to ServiceNow’s recent quarterly results, which beat revenue estimates and showed continued double-digit growth, supporting the view that fundamentals remain strong. ServiceNow (NOW) shares skyrocket, what you need to know
• Positive Sentiment: Coverage points to ServiceNow as a leader in the software comeback, with investors betting the sector may have more room to rebound as AI demand grows. ServiceNow Is Leading a Software Comeback for These Stocks
• Neutral Sentiment: Commentary around “agentic AI” and ServiceNow’s role in enterprise automation is adding to bullish sentiment, but it is more narrative-driven than a new hard catalyst. What Exactly Is Agentic AI, and Why Are Some Stocks Blowing Up Because of It? (NOW)
• Neutral Sentiment: Analyst and media coverage continues to highlight ServiceNow as a stock with upside potential, reinforcing the positive tone but not adding a new company-specific announcement. ServiceNow Stock: Is NOW Underperforming the Technology Sector?

Insider Buying and Selling

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of ServiceNow stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total value of $1,482,352.30. Following the transaction, the director directly owned 30,090 shares in the company, valued at approximately $2,712,312.60. This trade represents a 35.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the transaction, the director owned 44,930 shares in the company, valued at $3,919,243.90. This trade represents a 3.23% 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. Over the last quarter, insiders have sold 28,071 shares of company stock valued at $2,529,956. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on NOW. JPMorgan Chase & Co. cut their price target on ServiceNow from $195.00 to $145.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Oppenheimer reiterated an “outperform” rating on shares of ServiceNow in a report on Tuesday, May 26th. Argus dropped their price objective on ServiceNow from $180.00 to $134.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Piper Sandler dropped their price objective on ServiceNow from $200.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings downgraded ServiceNow from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, April 21st. Two investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.85.

ServiceNow Trading Up 9.1%

Shares of NOW stock opened at $135.70 on Tuesday. The business’s 50 day moving average is $98.50 and its two-hundred day moving average is $123.13. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $211.48. The company has a market capitalization of $139.91 billion, a P/E ratio of 80.87, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting 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 the consensus estimate of $3.75 billion. During the same period last year, the business posted $0.81 EPS. The company’s revenue was up 22.1% on a year-over-year basis. Equities analysts forecast that ServiceNow, Inc. will post 2.36 EPS for the current 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.