NBT Bank N.A. Buys 5,935 Shares of ServiceNow, Inc. $NOW

NBT Bank N.A. purchased a new stake in ServiceNow, Inc. (NYSE:NOW) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,935 shares of the information technology services provider’s stock, valued at approximately $795,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of ServiceNow during the second quarter valued at approximately $9,536,615,000. Bank of New York Mellon Corp purchased a new stake in shares of ServiceNow in the 2nd quarter valued at approximately $712,573,000. Legal & General Group Plc purchased a new stake in shares of ServiceNow in the 2nd quarter valued at approximately $641,888,000. Bank of America Corp DE acquired a new position in ServiceNow in the 2nd quarter worth approximately $627,355,000. Finally, Deutsche Bank AG acquired a new position in ServiceNow in the 2nd quarter worth approximately $595,157,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Analysts Set New Price Targets

NOW has been the topic of several recent analyst reports. UBS Group set a $165.00 target price on shares of ServiceNow in a research note on Monday. Mizuho set a $170.00 target price on ServiceNow and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $165.00 target price (up from $140.00) on shares of ServiceNow in a research report on Tuesday, October 13th. Guggenheim reiterated a “buy” rating and set a $175.00 price target (up from $125.00) on shares of ServiceNow in a report on Friday. Finally, Piper Sandler upped their price target on ServiceNow from $140.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.10.

ServiceNow Stock Up 1.5%

ServiceNow stock opened at $159.29 on Friday. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $192.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $164.71 billion, a PE ratio of 99.56, a P/E/G ratio of 2.88 and a beta of 0.99. The firm’s 50 day moving average price is $137.87 and its two-hundred day moving average price is $115.39.

ServiceNow (NYSE:NOW) last issued its earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, research analysts predict that ServiceNow, Inc. will post 2.22 EPS for the current fiscal year.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $147.87, for a total value of $300,767.58. Following the transaction, the insider owned 18,305 shares in the company, 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 document filed with the SEC, which is available through the SEC website. Also, insider Jacqueline P. Canney sold 7,847 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 30,042 shares in the company, valued at $4,145,796. This trade represents a 20.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 14,081 shares of company stock worth $1,937,904. Corporate insiders own 0.34% of the company’s stock.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Bank of America raised its price target to $180 ahead of ServiceNow’s third-quarter results, citing continued demand for AI-related products and services. The revised target signals confidence that AI adoption can support additional growth. Bank of America Boosts ServiceNow Forecast Ahead of Earnings
• Positive Sentiment: ServiceNow’s defense and national-security business is being positioned as a major growth driver over the next year. Management highlighted demand for workflow automation, AI, cybersecurity, logistics modernization and digital transformation among military and government agencies. ServiceNow Defense Business Interview
• Positive Sentiment: The company and Nvidia launched “Arc,” an AI agent designed to plan tasks and verify its work. The product reinforces ServiceNow’s strategy of embedding governed, enterprise-grade AI into its workflow platform, potentially supporting product adoption and customer spending. ServiceNow and Nvidia Launch Arc
• Positive Sentiment: ServiceNow was selected as a preferred idea on CNBC’s “Final Trades,” while Polen Capital highlighted the company’s AI opportunity and revenue-growth prospects. These endorsements add to favorable market sentiment, although they are not substitutes for operating results. ServiceNow on CNBC’s Final Trades
• Neutral Sentiment: Investors are focused on ServiceNow’s upcoming third-quarter earnings, with analysts examining subscription growth, current remaining performance obligations, margins and other operating metrics beyond revenue and EPS. Results and guidance could determine whether the recent rally continues. ServiceNow Q3 Performance Estimates
• Negative Sentiment: Comparisons with TD SYNNEX frame ServiceNow as a less obvious value investment. NOW’s premium valuation means the stock remains sensitive to an earnings or guidance disappointment, despite its strong growth prospects. SNX vs. NOW Value Comparison

ServiceNow 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.