Knights of Columbus Asset Advisors LLC Boosts Stock Holdings in ServiceNow, Inc. $NOW

Knights of Columbus Asset Advisors LLC grew its holdings in ServiceNow, Inc. (NYSE:NOW) by 383.2% in the 4th quarter, HoldingsChannel reports. The firm owned 6,885 shares of the information technology services provider’s stock after buying an additional 5,460 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in ServiceNow were worth $1,055,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. King Luther Capital Management Corp increased its holdings in shares of ServiceNow by 526.2% in the 4th quarter. King Luther Capital Management Corp now owns 7,295 shares of the information technology services provider’s stock valued at $1,118,000 after acquiring an additional 6,130 shares during the period. Key Financial Inc lifted its stake in shares of ServiceNow by 370.6% during the 4th quarter. Key Financial Inc now owns 240 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 189 shares during the last quarter. Employees Retirement System of Texas lifted its stake in shares of ServiceNow by 429.2% during the 4th quarter. Employees Retirement System of Texas now owns 505,757 shares of the information technology services provider’s stock worth $77,477,000 after purchasing an additional 410,188 shares during the last quarter. Steel Grove Capital Advisors LLC boosted its position in ServiceNow by 405.9% during the fourth quarter. Steel Grove Capital Advisors LLC now owns 3,521 shares of the information technology services provider’s stock valued at $539,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Syverson Strege & Co grew its stake in ServiceNow by 303.3% in the fourth quarter. Syverson Strege & Co now owns 1,460 shares of the information technology services provider’s stock valued at $224,000 after purchasing an additional 1,098 shares during the last quarter. Hedge funds and other institutional investors own 87.18% of the company’s stock.

Insider Activity at ServiceNow

In other news, Director Paul Edward Chamberlain sold 1,500 shares of ServiceNow stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $87.23, for a total transaction of $130,845.00. Following the completion of the sale, the director directly owned 44,930 shares in the company, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anita M. Sands sold 16,445 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the sale, the director directly owned 30,090 shares in the company, valued at $2,712,312.60. This trade represents a 35.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 28,071 shares of company stock worth $2,529,956. Corporate insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America initiated coverage on shares of ServiceNow in a report on Monday, May 18th. They issued a “buy” rating and a $130.00 target price for the company. Capital One Financial lifted their price objective on shares of ServiceNow from $105.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Citic Securities reduced their price objective on shares of ServiceNow from $168.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. FBN Securities decreased their target price on shares of ServiceNow from $160.00 to $120.00 in a research report on Thursday, April 23rd. Finally, Barclays restated an “overweight” rating and issued a $134.00 target price (up from $132.00) on shares of ServiceNow in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.85.

ServiceNow Stock Performance

NOW opened at $108.58 on Friday. The company has a market cap of $111.95 billion, a P/E ratio of 64.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.82. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $97.84 and its 200-day moving average price is $123.73. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $211.48.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, April 22nd. The information technology services provider reported $0.97 EPS for the quarter, hitting analysts’ consensus estimates of $0.97. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.75 billion. ServiceNow had a net margin of 12.59% and a return on equity of 18.16%. ServiceNow’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. As a group, equities analysts anticipate that ServiceNow, Inc. will post 2.35 EPS for the current fiscal year.

ServiceNow News Summary

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow extended gains as investors viewed the stock as deeply undervalued versus GuruFocus’s GF Value estimate, reinforcing bullish sentiment around the name. A Look at ServiceNow Inc (NOW) After 6.5% Gain — GF Value $225.42 vs Price $108.73
• Positive Sentiment: Wipro announced a deeper partnership with ServiceNow to automate enterprise workflows and embed agentic AI capabilities, which could support longer-term platform adoption and AI revenue opportunities. Wipro and ServiceNow deepen AI partnership to automate enterprise workflows
• Positive Sentiment: Analyst commentary highlighted ServiceNow’s Q1 results as a sign of resilience, with revenue growth around 22% and earnings meeting expectations, while institutional buying and elevated analyst targets continue to support the stock. ServiceNow (NOW) Stock Analysis: Evaluating the Investment Opportunity
• Neutral Sentiment: Unusually heavy call-option activity suggests traders are positioning for further upside, but it may also reflect short-term speculation rather than fundamental conviction.
• Neutral Sentiment: Several articles focused on ServiceNow’s presentation at a software and AI conference and on broader automation-software comparisons, which appear more informational than immediately market-moving.
• Negative Sentiment: Some coverage flagged rising AI competition and questioned whether ServiceNow can sustain growth, a reminder that investors are still watching how effectively the company defends its AI and enterprise software positioning. Can ServiceNow Sustain Its Growth Amid Rising AI Competition?

ServiceNow Company 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.