Sound View Wealth Advisors Group LLC Purchases 5,457 Shares of ServiceNow, Inc. $NOW

Sound View Wealth Advisors Group LLC lifted its position in ServiceNow, Inc. (NYSE:NOW) by 384.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,875 shares of the information technology services provider’s stock after purchasing an additional 5,457 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in ServiceNow were worth $1,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Regent Peak Wealth Advisors LLC boosted its stake in ServiceNow by 404.9% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 2,080 shares of the information technology services provider’s stock valued at $319,000 after buying an additional 1,668 shares during the period. Armstrong Advisory Group Inc. increased its stake in ServiceNow by 400.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 345 shares of the information technology services provider’s stock worth $53,000 after acquiring an additional 276 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in ServiceNow by 451.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 426,331 shares of the information technology services provider’s stock worth $63,463,000 after acquiring an additional 349,046 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of ServiceNow by 810.2% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 17,331 shares of the information technology services provider’s stock valued at $2,558,000 after acquiring an additional 15,427 shares in the last quarter. Finally, Chesapeake Asset Management LLC bought a new stake in shares of ServiceNow during the 4th quarter valued at about $115,000. Hedge funds and other institutional investors own 87.18% of the company’s stock.

ServiceNow Stock Down 2.5%

NOW opened at $110.39 on Monday. ServiceNow, Inc. has a 12 month low of $98.00 and a 12 month high of $211.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $115.92 and its 200-day moving average price is $152.61. The company has a market cap of $115.46 billion, a P/E ratio of 66.18, a P/E/G ratio of 1.87 and a beta of 0.99.

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

Analyst Upgrades and Downgrades

NOW has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $155.00 target price on shares of ServiceNow in a research note on Thursday, February 5th. Evercore reissued an “outperform” rating and issued a $175.00 price target (down from $225.00) on shares of ServiceNow in a research note on Thursday, January 29th. Argus raised shares of ServiceNow to a “strong-buy” rating in a report on Wednesday, February 4th. Canaccord Genuity Group set a $200.00 price objective on shares of ServiceNow in a research report on Thursday, January 29th. Finally, Macquarie Infrastructure dropped their price objective on shares of ServiceNow from $172.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.61.

More ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Analyst upgrade and new AI partnerships lift outlook — an upgrade to Outperform and announcements of AI partnerships that broaden sales channels and address AI reliability have given investors a clearer growth/valuation story and helped spark buying interest. A Look At ServiceNow (NOW) Valuation After Analyst Upgrade And New AI Partnerships
• Positive Sentiment: Recent fundamentals support the recovery case — ServiceNow beat Q4 consensus on EPS and revenue, with revenue up ~20.7% year-over-year and improving margins, giving analysts data to justify upgraded ratings and reinforcing the growth narrative. (Earnings release: Jan. 28)
• Positive Sentiment: Product-market tailwinds from AI in ITSM — coverage of the top AI features for ITSM highlights demand for automation, observability and GenAI features that align with ServiceNow’s product strategy, supporting longer-term revenue opportunities if execution continues. Want to improve ITSM workflows and efficiencies? Here are the top 5 AI features to look for
• Neutral Sentiment: Local talent pipeline news is incrementally relevant — a county IT training expansion (Loudoun) could modestly help the regional talent pool for ITSM deployments but is not a direct revenue driver for NOW. Loudoun Learners Complete First Year, County Looks to Expand IT Training Program
• Neutral Sentiment: Increased attention but mixed sentiment — retail and analyst coverage (Zacks, other trending pieces) shows higher interest in NOW shares, but recent returns have been volatile, so elevated attention can amplify moves in either direction. ServiceNow, Inc. (NOW) Is a Trending Stock: Facts to Know Before Betting on It
• Negative Sentiment: Competitive/AI risk callouts are a headwind — commentary from a Cohesity executive arguing AI can erode revenues at vendors like ServiceNow and Splunk underscores a real risk: customers can shift to new AI-enabled tooling or lower-cost automation, pressuring growth and multiples if ServiceNow’s product differentiation weakens. Cohesity CIO Shows How AI Can Eat Into Revenues of ServiceNow, Splunk

Insider Activity at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the sale, the director owned 46,430 shares of the company’s stock, valued at $4,697,323.10. This represents a 3.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Fipps sold 3,696 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $101.77, for a total transaction of $376,141.92. Following the completion of the transaction, the insider owned 8,061 shares in the company, valued at $820,367.97. The trade was a 31.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,237 shares of company stock worth $1,697,162 in the last three months. 0.34% of the stock is owned by insiders.

ServiceNow Profile

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.