Dumont & Blake Investment Advisors LLC Takes Position in ServiceNow, Inc. $NOW

Dumont & Blake Investment Advisors LLC acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the first quarter, HoldingsChannel reports. The fund acquired 6,680 shares of the information technology services provider’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in ServiceNow by 1.1% during the 4th quarter. Brighton Jones LLC now owns 2,753 shares of the information technology services provider’s stock valued at $2,919,000 after buying an additional 30 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of ServiceNow by 4.2% in the 2nd quarter. Sivia Capital Partners LLC now owns 837 shares of the information technology services provider’s stock worth $861,000 after buying an additional 34 shares during the last quarter. United Bank grew its holdings in shares of ServiceNow by 15.5% in the second quarter. United Bank now owns 1,519 shares of the information technology services provider’s stock worth $1,562,000 after acquiring an additional 204 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in shares of ServiceNow by 2.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,922 shares of the information technology services provider’s stock worth $1,976,000 after acquiring an additional 42 shares during the period. Finally, Nebula Research & Development LLC increased its position in ServiceNow by 205.1% during the second quarter. Nebula Research & Development LLC now owns 906 shares of the information technology services provider’s stock valued at $931,000 after acquiring an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Activity

In related news, insider Jacqueline P. Canney sold 8,927 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was 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. The trade was a 23.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the transaction, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. This trade represents a 3.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,071 shares of company stock worth $2,529,956 in the last ninety days. 0.34% of the stock is currently owned by company insiders.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow landed multiple AI-driven government and defense collaborations, including a biosurveillance project for the Department of War and a modernization effort for state health and human services systems, reinforcing its AI platform as a mission-critical solution. ServiceNow (NOW) Lands Defense And State AI Partnerships That Reach Beyond Workflows
• Positive Sentiment: Cyberhill Partners selected ServiceNow’s AI Platform as the foundation for a Defense Innovation Unit biosurveillance prototype, adding evidence that the company is winning high-value, security-sensitive AI contracts. ServiceNow (NOW) On AI And Defense Wins Is The Stock Still Undervalued
• Positive Sentiment: Recent market commentary says ServiceNow is outperforming the broader market, with shares closing higher in the latest session, supported by confidence that AI is expanding rather than replacing its workflow software business. ServiceNow (NOW) Outperforms Broader Market: What You Need to Know
• Positive Sentiment: Several articles argue the market may be undervaluing ServiceNow because fears that AI agents will disrupt workflow software appear to be overstated relative to the company’s reported results and growth outlook. ServiceNow Was the SaaS Stock AI Was Supposed to Kill. Its Numbers Say Otherwise.
• Neutral Sentiment: One article notes ServiceNow remains on a list of heavily downgraded stocks, but analysts still see meaningful upside in price targets, making the rating backdrop mixed rather than clearly negative. Contrarian Alert: 5 Downgraded Stocks That May Reward Long-Term Investors (NOW)
• Negative Sentiment: Some analysts remain cautious that AI could eventually automate more business processes, potentially reducing the need for traditional workflow tools and creating a long-term threat to ServiceNow’s core model. The 1 Big Risk Every ServiceNow Investor Should Understand

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NOW. Deutsche Bank Aktiengesellschaft lowered their target price on ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Mizuho cut their price target on ServiceNow from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Canaccord Genuity Group reduced their price target on shares of ServiceNow from $200.00 to $145.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Citizens Jmp reiterated a “market outperform” rating and issued a $157.00 price objective on shares of ServiceNow in a research note on Tuesday, May 5th. Finally, Benchmark raised their price objective on shares of ServiceNow from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.68.

ServiceNow Price Performance

NYSE NOW opened at $107.93 on Tuesday. The company has a market capitalization of $111.28 billion, a PE ratio of 64.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.96. 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 business’s fifty day moving average is $100.53 and its 200 day moving average is $112.60. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $210.20.

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