ServiceNow, Inc. $NOW Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in ServiceNow, Inc. (NYSE:NOW) by 154.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 824,546 shares of the information technology services provider’s stock after purchasing an additional 500,196 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ServiceNow were worth $110,497,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NOW. Zullo Investment Group Inc. raised its stake in shares of ServiceNow by 4.5% during the third quarter. Zullo Investment Group Inc. now owns 5,940 shares of the information technology services provider’s stock valued at $796,000 after acquiring an additional 255 shares in the last quarter. Petredis Investment Advisors LLC boosted its holdings in shares of ServiceNow by 0.6% in the third quarter. Petredis Investment Advisors LLC now owns 31,651 shares of the information technology services provider’s stock valued at $4,242,000 after purchasing an additional 179 shares during the period. Rare Wolf Capital LLC grew its stake in ServiceNow by 0.3% in the third quarter. Rare Wolf Capital LLC now owns 40,559 shares of the information technology services provider’s stock worth $5,435,000 after purchasing an additional 121 shares in the last quarter. AMI Asset Management Corp grew its stake in ServiceNow by 2.2% in the third quarter. AMI Asset Management Corp now owns 352,058 shares of the information technology services provider’s stock worth $47,179,000 after purchasing an additional 7,715 shares in the last quarter. Finally, Blue Jean Financial LLC bought a new position in ServiceNow in the third quarter worth approximately $1,608,000. Hedge funds and other 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 and NVIDIA launched Arc, an AI agent designed for enterprise and Mac workflows. The partnership strengthens ServiceNow’s position in AI orchestration and could support adoption of its platform across corporate environments. ServiceNow and Nvidia launch Arc, a new AI agent for enterprise
• Positive Sentiment: ServiceNow’s AI-related contract value has reportedly surpassed $1 billion, reinforcing the view that its AI products are moving from experimentation toward meaningful monetization. The stock has rallied sharply over the past three months as investors anticipate further enterprise demand. ServiceNow Rallies 43% in Three Months as AI Contract Value Tops $1 Billion
• Positive Sentiment: Analysts have raised price targets ahead of ServiceNow’s October 28 earnings report. Bernstein set a Street-high $266 target, while Piper Sandler and TD Cowen also increased targets, citing AI-driven workflow tools, customer upgrades and federal demand. ServiceNow Orchestrates AI’s Next Act—Can Earnings Deliver?
• Neutral Sentiment: Investors are focused on the upcoming quarterly report. ServiceNow’s latest quarter showed 24% revenue growth to approximately $3.99 billion and an earnings beat, but some forecasts call for a single-digit earnings decline in the next report, raising the bar for continued upside. ServiceNow’s Quarterly Earnings Preview
• Negative Sentiment: Zacks Research downgraded ServiceNow from “hold” to “strong sell,” adding pressure ahead of earnings. The downgrade reflects concerns that expectations may already discount much of the AI opportunity.
• Negative Sentiment: ServiceNow may need stronger cash flow to finance its AI expansion. With a roughly 96 price-to-earnings ratio and current and quick ratios near 0.70, the stock remains vulnerable if AI investments do not translate into accelerating profits and cash generation. ServiceNow Needs Stronger Cash Flow to Support Its AI Expansion

Insiders Place Their Bets

In other news, insider Jacqueline P. Canney sold 7,847 shares of ServiceNow stock in a transaction on Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the transaction, the insider directly owned 30,042 shares in the company, valued at approximately $4,145,796. This trade represents a 20.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,700 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $135.50, for a total value of $365,850.00. Following the completion of the transaction, the director directly owned 43,990 shares of the company’s stock, valued at approximately $5,960,645. The trade was a 5.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,081 shares of company stock worth $1,937,904 over the last 90 days. Company insiders own 0.34% of the company’s stock.

ServiceNow Price Performance

NYSE NOW opened at $153.08 on Thursday. The company has a market cap of $158.29 billion, a PE ratio of 95.68, a P/E/G ratio of 2.75 and a beta of 0.99. The firm’s 50 day moving average price is $136.57 and its 200-day moving average price is $114.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $192.97.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. ServiceNow’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Sell-side analysts forecast that ServiceNow, Inc. will post 2.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on NOW. Bank of America raised their price objective on ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Cantor Fitzgerald upped their target price on ServiceNow from $141.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. Truist Financial set a $180.00 price target on ServiceNow and gave the stock a “buy” rating in a research report on Wednesday. UBS Group set a $165.00 price target on ServiceNow in a research note on Monday. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $266.00 price objective on shares of ServiceNow in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $153.90.

ServiceNow Company Profile

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.