Bank Julius Baer & Co. Ltd Zurich Boosts Stock Holdings in ServiceNow, Inc. $NOW

Bank Julius Baer & Co. Ltd Zurich raised its stake in ServiceNow, Inc. (NYSE:NOW) by 290.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,155 shares of the information technology services provider’s stock after acquiring an additional 205,486 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in ServiceNow were worth $42,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ServiceNow by 135.3% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,092 shares of the information technology services provider’s stock valued at $167,000 after purchasing an additional 628 shares during the last quarter. Bradyco Inc. increased its holdings in shares of ServiceNow by 400.0% in the fourth quarter. Bradyco Inc. now owns 6,600 shares of the information technology services provider’s stock worth $1,011,000 after purchasing an additional 5,280 shares during the last quarter. Plancorp LLC lifted its position in shares of ServiceNow by 419.1% in the fourth quarter. Plancorp LLC now owns 2,227 shares of the information technology services provider’s stock worth $341,000 after buying an additional 1,798 shares in the last quarter. Baader Bank Aktiengesellschaft boosted its stake in ServiceNow by 358.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 10,928 shares of the information technology services provider’s stock valued at $1,673,000 after buying an additional 8,546 shares during the last quarter. Finally, Western Wealth Management LLC boosted its stake in ServiceNow by 307.3% during the fourth quarter. Western Wealth Management LLC now owns 14,493 shares of the information technology services provider’s stock valued at $2,220,000 after buying an additional 10,935 shares during the last quarter. Institutional investors 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 expanded its partnership with Boomi to improve real-time data activation across enterprise systems, strengthening its positioning as a platform for agentic AI and workflow automation. ServiceNow and Boomi partner for data activation
• Positive Sentiment: FedEx is deepening its ServiceNow relationship with a procurement integration, a sign that major enterprise customers are broadening use of the platform and could drive more recurring revenue. FedEx advances ServiceNow partnership with procurement integration
• Positive Sentiment: ServiceNow and Accenture launched an engineering program to scale agentic AI for enterprise clients, which supports the company’s AI growth narrative and suggests more commercialization of its platform. ServiceNow (NOW), Accenture Launch Engineering Program to Scale Agentic AI for Enterprises
• Positive Sentiment: Several articles highlighted ServiceNow as an attractive AI/software name, with commentary suggesting the recent sell-off may be overdone and that investors are focusing on the stock’s long-term AI upside. 1 Incredible Artificial Intelligence (AI) Stock to Buy After Its Post-Earnings Sell-Off
• Neutral Sentiment: Analyst and media coverage remains mixed but generally constructive, with pieces debating whether the market is underestimating the impact of AI on ServiceNow’s business. ServiceNow: The Market Is Misunderstanding The Effects Of AI
• Negative Sentiment: A bearish options trade and commentary about further downside show that some traders still expect weakness, reflecting lingering pressure on the stock after its post-earnings decline. See ServiceNow Stock Heading Lower? This Trade Profits From Further Downside.
• Negative Sentiment: An insider sale by Paul Fipps was disclosed, which can add to short-term caution even though it was small and made under a pre-arranged trading plan. SEC insider filing for Paul Fipps

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Cantor Fitzgerald reduced their price objective on ServiceNow to $122.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Raymond James Financial lowered their target price on ServiceNow from $160.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Piper Sandler cut their target price on shares of ServiceNow from $200.00 to $140.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and set a $134.00 price target (up from $132.00) on shares of ServiceNow in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ServiceNow from $195.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ServiceNow has an average rating of “Moderate Buy” and a consensus price target of $144.71.

ServiceNow Stock Performance

NYSE:NOW opened at $90.56 on Friday. The firm has a market capitalization of $93.37 billion, a PE ratio of 53.97, a PEG ratio of 1.54 and a beta of 0.82. The stock’s fifty day moving average is $100.89 and its 200 day moving average is $129.31. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48. 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 data on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 2.35 earnings per share for the current year.

Insider Transactions at ServiceNow

In related news, insider Paul Fipps sold 9,641 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider directly owned 11,757 shares in the company, valued at approximately $1,245,419.01. This represents a 45.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jacqueline P. Canney sold 8,927 shares of the stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $89.60, for a total transaction of $799,859.20. Following the completion of the sale, the insider directly owned 29,531 shares in the company, valued at $2,645,977.60. This trade represents a 23.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 22,415 shares of company stock valued at $2,210,933. 0.34% of the stock is owned by corporate insiders.

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.