Bank of New York Mellon Corp Increases Holdings in ServiceNow, Inc. $NOW

Bank of New York Mellon Corp lifted its position in ServiceNow, Inc. (NYSE:NOW) by 409.0% in the fourth quarter, Holdings Channel reports. The firm owned 8,008,668 shares of the information technology services provider’s stock after buying an additional 6,435,140 shares during the period. Bank of New York Mellon Corp’s holdings in ServiceNow were worth $1,226,848,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Rational Advisors Inc. boosted its holdings in shares of ServiceNow by 442.4% in the fourth quarter. Rational Advisors Inc. now owns 25,839 shares of the information technology services provider’s stock valued at $3,958,000 after purchasing an additional 21,075 shares during the period. Harfst & Associates Inc. lifted its holdings in ServiceNow by 381.2% during the fourth quarter. Harfst & Associates Inc. now owns 12,810 shares of the information technology services provider’s stock worth $1,962,000 after buying an additional 10,148 shares during the period. Westpac Banking Corp lifted its holdings in ServiceNow by 242.1% during the fourth quarter. Westpac Banking Corp now owns 7,050 shares of the information technology services provider’s stock worth $1,080,000 after buying an additional 4,989 shares during the period. Kesler Norman & Wride LLC lifted its holdings in ServiceNow by 572.0% during the fourth quarter. Kesler Norman & Wride LLC now owns 7,338 shares of the information technology services provider’s stock worth $1,124,000 after buying an additional 6,246 shares during the period. Finally, Bridges Investment Management Inc. lifted its holdings in ServiceNow by 459.4% during the fourth quarter. Bridges Investment Management Inc. now owns 423,815 shares of the information technology services provider’s stock worth $64,924,000 after buying an additional 348,059 shares during the period. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Price Performance

Shares of NOW opened at $127.59 on Wednesday. The business’s 50-day moving average is $98.50 and its two-hundred day moving average is $123.13. The company has a market capitalization of $131.55 billion, a P/E ratio of 76.04, a P/E/G ratio of 2.24 and a beta of 0.94. 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, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $211.48.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, hitting 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 firm earned $0.81 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Research analysts predict that ServiceNow, Inc. will post 2.35 earnings per share for the current year.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow has been viewed as a leader in the AI-driven software rebound, with recent articles highlighting strong business momentum and investor enthusiasm for its role in agentic AI and enterprise automation. Article Title
• Positive Sentiment: The stock benefited from a broader Monday software rally after Nvidia’s CEO eased fears that AI will disrupt software companies, helping lift sentiment toward names like ServiceNow. Article Title
• Positive Sentiment: ServiceNow was also cited as a beneficiary of the new AI-chip-led rotation into software stocks, which briefly pushed the sector higher and supported bullish momentum in NOW shares. Article Title
• Neutral Sentiment: Recent commentary continues to compare ServiceNow with peers such as Salesforce and Intuit, suggesting investors are still weighing its valuation against its growth profile rather than reacting to a single company-specific event. Article Title
• Negative Sentiment: ServiceNow fell in the latest session as the software rally lost momentum, with investors pulling back from high-multiple tech stocks after a strong run-up. Article Title
• Negative Sentiment: Some recent analysis is turning more cautious on ServiceNow’s valuation, arguing the stock may be less attractive after its sharp AI-driven move higher. Article Title

Insider Activity at ServiceNow

In related news, insider Paul Fipps sold 1,048 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $98.51, for a total value of $103,238.48. Following the transaction, the insider directly owned 12,072 shares of the company’s stock, valued at approximately $1,189,212.72. This trade represents a 7.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anita M. Sands sold 16,445 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the completion of the transaction, the director directly owned 30,090 shares in the company, valued at $2,712,312.60. This trade represents a 35.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 28,071 shares of company stock valued at $2,529,956. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on NOW shares. Capital One Financial upped their target price on ServiceNow from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Sanford C. Bernstein restated an “outperform” rating and set a $236.00 target price (up from $226.00) on shares of ServiceNow in a report on Wednesday, May 6th. Citic Securities lowered their target price on ServiceNow from $168.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $135.00 target price (down from $175.00) on shares of ServiceNow in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald lowered their target price on ServiceNow to $122.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.85.

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.