Quadrant Capital Group LLC Purchases 7,558 Shares of ServiceNow, Inc. $NOW

Quadrant Capital Group LLC lifted its position in shares of ServiceNow, Inc. (NYSE:NOW) by 32.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,524 shares of the information technology services provider’s stock after purchasing an additional 7,558 shares during the period. Quadrant Capital Group LLC’s holdings in ServiceNow were worth $4,231,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NOW. A. D. Beadell Investment Counsel Inc. increased its stake in ServiceNow by 2.9% during the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 2,818 shares of the information technology services provider’s stock worth $279,000 after buying an additional 80 shares during the period. DUTCH ASSET Corp lifted its holdings in ServiceNow by 0.5% in the 3rd quarter. DUTCH ASSET Corp now owns 16,331 shares of the information technology services provider’s stock worth $2,189,000 after buying an additional 82 shares in the last quarter. Atwood & Palmer Inc. lifted its holdings in ServiceNow by 20.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 600 shares of the information technology services provider’s stock worth $60,000 after buying an additional 100 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in ServiceNow by 25.2% in the 1st quarter. Capital Advisors Ltd. LLC now owns 516 shares of the information technology services provider’s stock valued at $54,000 after buying an additional 104 shares during the last quarter. Finally, Cornerstone Financial Management LLC boosted its position in ServiceNow by 72.8% in the 2nd quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 107 shares during the last quarter. 87.18% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NOW shares. Jefferies Financial Group restated a “buy” rating on shares of ServiceNow in a research note on Tuesday, October 13th. Stifel Nicolaus set a $160.00 target price on ServiceNow and gave the stock a “buy” rating in a research report on Tuesday, October 6th. The Goldman Sachs Group reiterated a “buy” rating on shares of ServiceNow in a research note on Monday, August 3rd. BTIG Research reiterated a “buy” rating and issued a $170.00 price target on shares of ServiceNow in a research note on Monday, October 12th. Finally, Mizuho set a $170.00 price target on ServiceNow and gave the company an “outperform” rating in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $152.71.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: An analyst upgrade recently lifted sentiment, with ServiceNow also named a new top pick by BMO Capital Markets. Other firms raised price targets, including Bernstein’s Street-high $266 target, citing expected AI adoption, federal-agency demand and customer upgrades. ServiceNow Stock Price Up After Analyst Upgrade
• Positive Sentiment: Investors are encouraged by ServiceNow’s transition from seat-based software pricing toward usage-based AI “Assists.” Its workflow platform, zero-code agent tools and planned AI Passport governance capabilities could expand revenue per customer and strengthen its competitive position as companies deploy AI across enterprise operations. ServiceNow Shift From Seats to Assists
• Positive Sentiment: ServiceNow’s prior quarter showed strong fundamentals: revenue rose 24% year over year to approximately $3.99 billion and exceeded consensus estimates. A new partnership with Simplify Alpha could add payer-specific healthcare solutions and broaden AI workflow adoption. Simplify Alpha Partnership
• Neutral Sentiment: Technical analysts see a potential breakout above roughly $154, with a bullish chart setup that could extend the recovery. However, earnings expectations remain the key catalyst, with analysts reportedly anticipating a single-digit earnings decline in the third quarter. ServiceNow Price Forecast
• Negative Sentiment: Zacks Research downgraded NOW from “hold” to “strong sell,” adding pressure ahead of results. The stock’s roughly 94 P/E ratio leaves limited room for an earnings or guidance miss, while rising short interest and recent insider selling are additional cautionary signals.
• Negative Sentiment: ServiceNow has cut San Diego sales jobs in its third round of layoffs this year. While the reductions could improve efficiency, they may also signal slower sales execution or tighter spending priorities.

ServiceNow Trading Up 3.0%

NYSE NOW opened at $149.70 on Wednesday. ServiceNow, Inc. has a 12 month low of $81.24 and a 12 month high of $192.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $154.79 billion, a price-to-earnings ratio of 93.56, a price-to-earnings-growth ratio of 2.67 and a beta of 0.99. The company’s fifty day moving average price is $136.01 and its two-hundred day moving average price is $114.34.

ServiceNow (NYSE:NOW) last announced 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 company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same period last year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. As a group, research analysts predict that ServiceNow, Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $147.87, for a total transaction of $300,767.58. Following the sale, the insider owned 18,305 shares in the company, valued at $2,706,760.35. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jacqueline P. Canney sold 7,847 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $138.00, for a total value of $1,082,886.00. Following the sale, the insider owned 30,042 shares in the company, valued at $4,145,796. The trade was a 20.71% decrease in their position. 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 three months, insiders sold 14,081 shares of company stock worth $1,937,904. Corporate insiders own 0.34% of the company’s stock.

About ServiceNow

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.