Victory Capital Management Inc. Has $951.11 Million Stake in ServiceNow, Inc. $NOW

Victory Capital Management Inc. grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 49.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,033,496 shares of the information technology services provider’s stock after acquiring an additional 341,037 shares during the quarter. ServiceNow accounts for about 0.6% of Victory Capital Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Victory Capital Management Inc. owned about 0.50% of ServiceNow worth $951,106,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mathes Company Inc. increased its stake in ServiceNow by 15.4% during the 3rd quarter. Mathes Company Inc. now owns 375 shares of the information technology services provider’s stock worth $345,000 after purchasing an additional 50 shares in the last quarter. Accuvest Global Advisors lifted its stake in ServiceNow by 203.4% in the third quarter. Accuvest Global Advisors now owns 4,781 shares of the information technology services provider’s stock valued at $4,400,000 after buying an additional 3,205 shares in the last quarter. Focus Partners Advisor Solutions LLC boosted its holdings in shares of ServiceNow by 40.4% in the third quarter. Focus Partners Advisor Solutions LLC now owns 4,070 shares of the information technology services provider’s stock valued at $3,617,000 after buying an additional 1,171 shares during the period. Becker Capital Management Inc. increased its position in shares of ServiceNow by 3.1% during the third quarter. Becker Capital Management Inc. now owns 942 shares of the information technology services provider’s stock worth $867,000 after acquiring an additional 28 shares in the last quarter. Finally, Riverview Capital Advisers LLC bought a new stake in shares of ServiceNow during the third quarter worth $262,000. Institutional investors own 87.18% of the company’s stock.

Insider Transactions at ServiceNow

In other news, insider Paul Fipps sold 9,641 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $105.93, for a total transaction of $1,021,271.13. Following the transaction, the insider owned 11,757 shares in the company, valued at approximately $1,245,419.01. This trade represents a 45.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction that occurred on 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 directly owned 46,430 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 18,312 shares of company stock worth $2,049,912 over the last three months. Company insiders own 0.34% of the company’s stock.

ServiceNow Stock Up 0.7%

ServiceNow stock opened at $113.93 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50-day moving average is $124.11 and its 200-day moving average is $158.11. The firm has a market capitalization of $119.17 billion, a PE ratio of 68.30, a P/E/G ratio of 1.91 and a beta of 0.99. ServiceNow, Inc. has a fifty-two week low of $98.00 and a fifty-two week high of $211.48.

ServiceNow (NYSE:NOW) last released its quarterly earnings data on Wednesday, January 28th. The information technology services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. ServiceNow had a net margin of 13.16% and a return on equity of 18.54%. The firm had revenue of $3.57 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the previous year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. Sell-side analysts anticipate that ServiceNow, Inc. will post 8.93 earnings per share for the current year.

Trending Headlines about ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow launched its Autonomous Workforce — a suite of AI specialists/agents built to complete enterprise workflows (including integrations like Moveworks). The product rollout reinforces ServiceNow’s positioning as an enterprise AI workflow leader and is being cited as a growth driver. ServiceNow, Inc. (NOW) Launches New Autonomous Workforce
• Positive Sentiment: Customer/partner traction: ServiceNow is working with NTT DOCOMO and StarHub to speed up global roaming problem resolution using its AI tools — a visible telecom win that validates enterprise demand for AI-enabled workflow automation. ServiceNow, NTT DOCOMO, StarHub Join Forces To End Roaming Nightmares With AI
• Positive Sentiment: Sentiment and momentum reversal: Retail sentiment (Reddit) and coverage picked up, coinciding with an ~8–9% pop that traders attributed to a reassessment after the AI-driven selloff — this pushed short-term buying and helped reverse a multi-month downtrend. ServiceNow Jumps 8.78% as Reddit Reconsiders
• Positive Sentiment: Product integration and messaging: Senior exec interviews and appearances (SVP on Moveworks, Morgan Stanley conference transcript) emphasize platform execution over LLM hype and highlight new partnerships/integrations — supportive for adoption and upsell. SVP & GM of ServiceNow on Moveworks, CVS & AI Future Morgan Stanley conference transcript
• Neutral Sentiment: Technical read: Chart analysts point to a double-bottom breakout and bullish MACD/RSI moves suggesting a trend shift; these technicals can attract momentum traders but need volume/confirmation for a durable reversal. ServiceNow Price Forecast: Double Bottom Signals Trend Shift
• Neutral Sentiment: Media/analyst coverage: Positive write-ups (Forbes, MarketBeat, Benzinga) and inclusion on “AI growth” lists have lifted attention but are commentary-driven — helpful for sentiment but not direct proof of sustained revenue acceleration. How ServiceNow Stock Rises To $148

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Jefferies Financial Group cut their price objective on shares of ServiceNow from $230.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. TD Cowen cut their price target on ServiceNow from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Oppenheimer reaffirmed an “outperform” rating and set a $175.00 price objective (down from $200.00) on shares of ServiceNow in a research report on Wednesday, January 21st. Mizuho dropped their target price on ServiceNow from $210.00 to $190.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane cut their target price on ServiceNow from $186.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, ServiceNow currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.06.

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.