Arizona State Retirement System Grows Position in ServiceNow, Inc. $NOW

Arizona State Retirement System boosted its stake in ServiceNow, Inc. (NYSE:NOW) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 290,245 shares of the information technology services provider’s stock after buying an additional 6,040 shares during the period. Arizona State Retirement System’s holdings in ServiceNow were worth $28,816,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System increased its position in shares of ServiceNow by 9,980.9% during the second quarter. California State Teachers Retirement System now owns 154,496,061 shares of the information technology services provider’s stock valued at $15,338,369,000 after acquiring an additional 152,963,494 shares during the last quarter. BlackRock Inc. acquired a new position in shares of ServiceNow in the 2nd quarter worth approximately $9,536,615,000. State Street Corp lifted its holdings in shares of ServiceNow by 406.6% in the 4th quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock worth $7,337,280,000 after acquiring an additional 38,441,898 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of ServiceNow by 371.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock worth $4,962,692,000 after purchasing an additional 25,517,218 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of ServiceNow by 404.8% during the 4th quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock worth $3,591,425,000 after purchasing an additional 18,854,775 shares during the period. Institutional investors and hedge funds own 87.18% of the company’s stock.

ServiceNow Stock Down 5.0%

ServiceNow stock traded down $7.05 during mid-day trading on Tuesday, hitting $134.21. The company had a trading volume of 14,581,966 shares, compared to its average volume of 23,248,439. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $194.73. The business has a fifty day moving average of $118.03 and a 200 day moving average of $108.20. The stock has a market cap of $138.77 billion, a price-to-earnings ratio of 83.88, a PEG ratio of 2.57 and a beta of 0.97.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.04. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts expect that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Insider Activity at ServiceNow

In related news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $147.87, for a total value of $300,767.58. Following the completion of the sale, the insider directly owned 18,305 shares of the company’s stock, valued at $2,706,760.35. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline Canney sold 7,847 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $138.00, for a total transaction of $1,082,886.00. Following the completion of the transaction, the insider owned 30,042 shares of the company’s stock, valued at $4,145,796. This represents a 20.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,081 shares of company stock valued at $1,937,904 over the last ninety days. Insiders own 0.34% of the company’s stock.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BTIG raised its price target to $170 and maintained a “Buy” rating, implying substantial upside from recent trading levels. The upgrade provides a near-term bullish catalyst and reflects confidence in ServiceNow’s growth prospects. BTIG price target report
• Positive Sentiment: ServiceNow acquired Sweep, sharpening its effort to compete with Salesforce in customer relationship management and sales automation. The deal could expand NOW’s AI-enabled workflow and sales capabilities, although financial terms and the near-term revenue contribution were not disclosed. ServiceNow Sweep acquisition article
• Positive Sentiment: Deloitte was named a Leader in IDC’s 2026 assessment of ServiceNow implementation services. The recognition supports the strength of ServiceNow’s partner ecosystem and demand for AI-enabled implementations, though it is an indirect benefit rather than a direct financial announcement. Deloitte ServiceNow implementation services article
• Neutral Sentiment: Analyst commentary highlights strong AI growth, subscription gains and broad enterprise demand. ServiceNow’s recent quarterly results also showed roughly 24% year-over-year revenue growth, but investors are weighing those strengths against a premium valuation and margin pressure. ServiceNow buy, sell or hold analysis
• Neutral Sentiment: Recent commentary says the stock’s rebound was helped by temporarily easing fears that artificial intelligence would displace software companies. However, this sentiment-driven support may remain fragile as the market reassesses AI adoption and software-sector valuations. Why ServiceNow stock rose last month
• Negative Sentiment: Valuation and competition remain key risks. Analysts point to stiff competition, potential margin compression and a high earnings multiple, while recent insider activity shows several executives selling shares and no reported insider purchases in the past six months. ServiceNow valuation and insider trading analysis

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NOW shares. Wells Fargo & Company reissued an “overweight” rating and issued a $175.00 target price (up from $160.00) on shares of ServiceNow in a research report on Wednesday, August 12th. KeyCorp reaffirmed an “underweight” rating on shares of ServiceNow in a research note on Tuesday, July 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 target price on shares of ServiceNow in a research note on Thursday, July 23rd. Piper Sandler restated an “overweight” rating and set a $140.00 target price on shares of ServiceNow in a report on Thursday, July 23rd. Finally, Truist Financial lifted their target price on ServiceNow from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, ServiceNow presently has a consensus rating of “Moderate Buy” and an average target price of $144.73.

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.