ServiceNow, Inc. $NOW Shares Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in ServiceNow, Inc. (NYSE:NOW) by 650.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,568 shares of the information technology services provider’s stock after purchasing an additional 12,627 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in ServiceNow were worth $2,232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NOW. IAG Wealth Partners LLC boosted its position in shares of ServiceNow by 200.0% in the 3rd quarter. IAG Wealth Partners LLC now owns 27 shares of the information technology services provider’s stock worth $25,000 after buying an additional 18 shares in the last quarter. Noble Wealth Management PBC boosted its position 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 buying an additional 128 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in ServiceNow in the 4th quarter valued at about $26,000. Albion Financial Group UT boosted its stake in shares of ServiceNow by 400.0% during the 4th quarter. Albion Financial Group UT now owns 170 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 136 shares during the last quarter. Finally, Avion Wealth boosted its stake in shares of ServiceNow by 256.0% during the 4th quarter. Avion Wealth now owns 178 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 128 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ServiceNow news, insider Paul Fipps sold 3,696 shares of the company’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 sale, the insider directly owned 8,061 shares of the company’s stock, valued at approximately $820,367.97. This represents a 31.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 1,500 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $101.17, for a total transaction of $151,755.00. Following the completion of the sale, the director directly owned 46,430 shares of the company’s stock, valued at $4,697,323.10. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 16,237 shares of company stock valued at $1,697,162 over the last 90 days. 0.34% of the stock is currently owned by company insiders.

ServiceNow Stock Down 17.7%

Shares of NYSE:NOW opened at $84.85 on Friday. 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 company has a fifty day simple moving average of $105.18 and a 200 day simple moving average of $138.45. The firm has a market cap of $87.92 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.01. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $211.48.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 earnings per share for the quarter, meeting the consensus estimate of $0.97. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that ServiceNow, Inc. will post 2.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of ServiceNow from $200.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company cut their price objective on shares of ServiceNow from $185.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday. Oppenheimer set a $130.00 price objective on shares of ServiceNow and gave the stock an “outperform” rating in a report on Wednesday, April 15th. KeyCorp set a $85.00 price objective on shares of ServiceNow and gave the stock an “underweight” rating in a report on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $135.00 price objective (down from $175.00) on shares of ServiceNow in a report on Thursday. Three analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ServiceNow presently has an average rating of “Moderate Buy” and an average price target of $147.68.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Q1 beat and raised subscription outlook: ServiceNow reported revenue and EPS roughly in line-to-better than expectations and raised its annual subscription revenue outlook, citing accelerating adoption of its AI workflows — a fundamental positive for long?term growth. ServiceNow Earnings Beat Estimates in Q1 on Subscription Strength
• Positive Sentiment: AI product demand & partnerships: Management highlighted strong AI product uptake and deepened Google Cloud ties to deliver AI agents for enterprise operations — supports the thesis that ServiceNow can monetize AI workflows. ServiceNow and Google Cloud unite AI agents for autonomous enterprise operations
• Positive Sentiment: Strategic M&A completed: ServiceNow closed the Armis acquisition, expanding its security/cyber exposure capabilities — potentially cross?sells into large enterprise accounts. ServiceNow (NOW) Completes $7.75B Acquisition of Cyber Exposure Leader Armis
• Neutral Sentiment: Results were largely “beat-and-raise” in headline numbers, but EPS was only inline and some metrics disappointed versus investor expectations — creates mixed read-throughs for short-term momentum. ServiceNow Reports First Quarter 2026 Financial Results (Press Release)
• Neutral Sentiment: Earnings call nuance: Management and the call emphasized AI tailwinds and productivity gains, but commentary flagged transitory headwinds — useful context but not an immediate sentiment breaker on its own. ServiceNow Earnings Call: AI Tailwinds vs. Market Jitters
• Negative Sentiment: Middle East deal delays weighed on growth: Company said conflict in the Middle East delayed several large deals, creating ~75 bps headwind to subscription revenue in Q1 and pushing some expected deal closures later in the year — a concrete near?term growth risk. ServiceNow Reveals a New Challenge From the Iran War: Deal Delays
• Negative Sentiment: Margin outlook hit by Armis deal and acquisition costs: Management flagged that the Armis acquisition will depress margins (roughly 75 bps FY, ~125 bps in Q2), amplifying investor concern about profitability near term. ServiceNow Posts Revenue Growth, But Says Armis Deal Will Weigh on Margins
• Negative Sentiment: Analyst price?target cuts & sector contagion: Multiple firms trimmed price targets and the stock’s weakness triggered a broader software selloff as AI?disruption fears re?surf, pressuring sentiment beyond company fundamentals. ServiceNow Shares Fall As Middle East Delays, Soft Guidance Weigh On Outlook
• Negative Sentiment: Big one?day selloff amplified volatility: The stock hit one of its worst intra?day drops, which has increased short-term volatility and spooked momentum funds — expect heightened trading and continued sensitivity to guidance and macro headlines. ServiceNow’s stock just had its worst day ever, taking the software sector down with it

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.