ServiceNow, Inc. $NOW Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. increased its position in shares of ServiceNow, Inc. (NYSE:NOW) by 286.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,650 shares of the information technology services provider’s stock after purchasing an additional 39,756 shares during the period. Focus Financial Network Inc.’s holdings in ServiceNow were worth $8,219,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kilter Group LLC bought a new position in ServiceNow during the second quarter valued at about $25,000. IAG Wealth Partners LLC boosted its position in shares of ServiceNow by 200.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 18 shares in the last quarter. Noble Wealth Management PBC grew its stake in shares of ServiceNow by 400.0% in the 4th quarter. Noble Wealth Management PBC now owns 160 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 128 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of ServiceNow by 93.8% in the 3rd quarter. Bogart Wealth LLC now owns 31 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 15 shares in the last quarter. Finally, Wealth Watch Advisors INC acquired a new stake in ServiceNow during the third quarter valued at approximately $29,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NOW shares. BNP Paribas Exane upgraded shares of ServiceNow from a “neutral” rating to an “outperform” rating and set a $140.00 target price for the company in a report on Monday, March 16th. Robert W. Baird set a $175.00 price target on ServiceNow in a report on Thursday, January 29th. Arete Research set a $200.00 price objective on ServiceNow in a research report on Tuesday, January 6th. Evercore reissued an “outperform” rating and set a $175.00 price objective (down from $225.00) on shares of ServiceNow in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 target price on ServiceNow in a report on Thursday, January 29th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $192.61.

ServiceNow Trading Down 5.9%

ServiceNow stock opened at $104.40 on Wednesday. The company has a 50 day moving average price of $114.62 and a 200 day moving average price of $151.57. ServiceNow, Inc. has a 52 week low of $98.00 and a 52 week high of $211.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $109.20 billion, a price-to-earnings ratio of 62.59, a P/E/G ratio of 1.88 and a beta of 0.99.

ServiceNow (NYSE:NOW) last announced its earnings results on Wednesday, January 28th. The information technology services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $3.57 billion for the quarter, compared to the consensus estimate of $3.53 billion. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. Research analysts forecast that ServiceNow, Inc. will post 8.93 EPS for the current year.

ServiceNow News Roundup

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: New & expanded partnerships and customer deployments reinforce platform adoption — Vonage expanded its native integration with ServiceNow Voice for CSM/ITSM and Zenity announced a partnership around AI‑agent security; Coforge and Novaworks are deploying/launching agentic HR solutions on the ServiceNow platform. Vonage partnership Zenity partnership Novaworks/Coforge
• Positive Sentiment: Capital return and analyst support provide a cushion — management authorized an additional ~$5B repurchase program and several firms remain bullish (e.g., Citizens reaffirmed an outperform view and high price targets), which can support valuation over time. Buyback & analysis Citizens bullish
• Neutral Sentiment: Analyst and institutional activity is high and mixed — a wide range of price targets and both buys/sells by large institutions increase day‑to‑day volatility but reflect divergent long‑term views. Analyst & institutional activity
• Negative Sentiment: Sector‑wide AI agent anxiety and a fresh product launch from Anthropic pressured software names — investors are asking whether AI agents reduce workflow software moats, prompting simultaneous selloffs in ServiceNow and peers like Salesforce. Anthropic/sector impact NOW & CRM selloff
• Negative Sentiment: Post‑earnings skepticism and valuation repricing — after recent results and guidance, investors continue to debate growth durability versus AI competition, leading to multiple price‑target revisions and near‑term multiple compression. Zacks explanation

Insider Activity at ServiceNow

In related news, insider Paul Fipps sold 9,641 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total value of $1,021,271.13. Following the completion of the sale, the insider directly owned 11,757 shares of the company’s stock, valued at approximately $1,245,419.01. This represents a 45.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $101.17, for a total value of $151,755.00. Following the sale, the director owned 46,430 shares of the company’s stock, valued at $4,697,323.10. The trade was a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 16,237 shares of company stock valued at $1,697,162. Company insiders own 0.34% of the company’s stock.

About ServiceNow

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.