Burney Co. Raises Stock Holdings in ServiceNow, Inc. $NOW

Burney Co. increased its stake in shares of ServiceNow, Inc. (NYSE:NOW) by 352.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,541 shares of the information technology services provider’s stock after purchasing an additional 9,771 shares during the quarter. Burney Co.’s holdings in ServiceNow were worth $1,921,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NOW. Nordea Investment Management AB lifted its stake in shares of ServiceNow by 388.7% during the 4th quarter. Nordea Investment Management AB now owns 4,706,164 shares of the information technology services provider’s stock worth $720,325,000 after purchasing an additional 3,743,087 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of ServiceNow by 385.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,599,397 shares of the information technology services provider’s stock worth $398,202,000 after purchasing an additional 2,064,440 shares during the last quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST lifted its stake in shares of ServiceNow by 400.0% during the 4th quarter. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST now owns 2,250,000 shares of the information technology services provider’s stock worth $344,678,000 after purchasing an additional 1,800,000 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of ServiceNow by 11,128.7% during the 4th quarter. SG Americas Securities LLC now owns 1,805,467 shares of the information technology services provider’s stock worth $276,579,000 after purchasing an additional 1,789,388 shares during the last quarter. Finally, Aberdeen Group plc lifted its stake in shares of ServiceNow by 405.0% during the 4th quarter. Aberdeen Group plc now owns 1,448,931 shares of the information technology services provider’s stock worth $221,962,000 after purchasing an additional 1,162,005 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Qlik partnership strengthens ServiceNow’s AI/data story by bringing “trusted enterprise context” into AI-powered workflows—could boost product differentiation and adoption if integrated successfully. Qlik and ServiceNow Partner to Bring Trusted Enterprise Context into AI-Powered Workflows
• Positive Sentiment: Coverage noting a $100 price target frames some institutional investors as defending the stock against AI-disruption fears—signals pockets of investor conviction that could limit downside. ServiceNow’s $100 Price Target: Institutional Bet Defies AI Disruption Fears
• Neutral Sentiment: RBC lowered its price target from $150 to $121 but kept an “outperform” rating—reduces near-term valuation support but still implies substantial upside from current levels. RBC Adjusts Price Target on ServiceNow to $121 from $150; Maintains Outperform Rating
• Negative Sentiment: UBS cut NOW to Neutral—a direct downgrade that typically pressures the stock as model/projections are reweighted. ServiceNow (NYSE:NOW) Cut to Neutral at UBS Group
• Negative Sentiment: Analyst commentary and op-eds argue ServiceNow still trades richly versus peers and that a valuation correction may not be over—heightens selling pressure on momentum and growth expectations. ServiceNow: Still Trading Richly Above Peers, Correction Is Far From Over
• Negative Sentiment: Coverage highlights Wall Street skepticism about ServiceNow’s AI pivot—narrative risk for a stock trading at premium multiples if investors doubt execution or competitive position. ServiceNow’s AI Pivot Meets Wall Street’s Skepticism
• Negative Sentiment: News aggregators flagged NOW among recent large-cap losers amid macro concerns, AI competition and analyst downgrades—reinforces short-term downward momentum. Cloudflare, ServiceNow, And Guardant Health Are Among Top 10 Large-Cap Losers Last Week
• Negative Sentiment: Reports noted a sizeable intraday share drop tied to analyst downgrades—evidence that negative broker moves are directly moving the tape. ServiceNow (NYSE:NOW) Shares Down 7.6% After Analyst Downgrade

ServiceNow Trading Up 7.4%

Shares of NYSE:NOW opened at $89.13 on Tuesday. The business’s 50-day moving average is $106.70 and its 200 day moving average is $142.82. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $211.48. The firm has a market capitalization of $92.36 billion, a P/E ratio of 53.44, a P/E/G ratio of 1.39 and a beta of 1.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.

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. ServiceNow had a return on equity of 18.54% and a net margin of 13.16%.The company had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same period in the prior year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, research analysts predict that ServiceNow, Inc. will post 8.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NOW. Wells Fargo & Company decreased their price objective on ServiceNow from $225.00 to $185.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Oppenheimer restated an “outperform” rating and set a $175.00 price objective (down from $200.00) on shares of ServiceNow in a research note on Wednesday, January 21st. Stifel Nicolaus decreased their price objective on ServiceNow from $180.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Royal Bank Of Canada decreased their price objective on ServiceNow from $150.00 to $121.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Macquarie Infrastructure decreased their price objective on ServiceNow from $172.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Three research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.30.

Insider Activity at ServiceNow

In related news, insider Kevin Thomas Mcbride sold 1,400 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $105.71, for a total transaction of $147,994.00. Following the transaction, the insider directly owned 26,314 shares of the company’s stock, valued at $2,781,652.94. This represents a 5.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul Fipps sold 9,641 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $105.93, for a total value of $1,021,271.13. Following the completion of the transaction, the insider directly owned 11,757 shares in the company, valued at $1,245,419.01. This represents a 45.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,237 shares of company stock valued at $1,697,162 in the last ninety days. Corporate insiders own 0.34% of the company’s stock.

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.