Vulcan Value Partners LLC Buys 40,994 Shares of ServiceNow, Inc. $NOW

Vulcan Value Partners LLC raised its stake in ServiceNow, Inc. (NYSE:NOW) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 574,811 shares of the information technology services provider’s stock after acquiring an additional 40,994 shares during the quarter. ServiceNow comprises approximately 1.7% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Vulcan Value Partners LLC owned approximately 0.06% of ServiceNow worth $57,067,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. California State Teachers Retirement System increased its holdings in shares of ServiceNow by 9,980.9% in the second quarter. California State Teachers Retirement System now owns 154,496,061 shares of the information technology services provider’s stock valued at $15,338,369,000 after purchasing an additional 152,963,494 shares in the last quarter. BlackRock Inc. acquired a new position in ServiceNow during the 2nd quarter worth $9,536,615,000. State Street Corp boosted its position in ServiceNow by 406.6% in the 4th quarter. State Street Corp now owns 47,896,597 shares of the information technology services provider’s stock valued at $7,337,280,000 after buying an additional 38,441,898 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of ServiceNow by 371.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,395,663 shares of the information technology services provider’s stock valued at $4,962,692,000 after buying an additional 25,517,218 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of ServiceNow by 404.8% during the fourth quarter. Geode Capital Management LLC now owns 23,512,428 shares of the information technology services provider’s stock worth $3,591,425,000 after acquiring an additional 18,854,775 shares during the last quarter. 87.18% of the stock is owned by institutional investors.

ServiceNow Trading Down 5.0%

NOW traded down $7.05 during midday trading on Tuesday, reaching $134.21. 14,581,966 shares of the company were exchanged, compared to its average volume of 23,248,439. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.70. ServiceNow, Inc. has a one year low of $81.24 and a one year high of $194.73. The stock has a market capitalization of $138.77 billion, a P/E ratio of 83.88, a PEG ratio of 2.57 and a beta of 0.97. The stock’s 50-day simple moving average is $118.73 and its 200 day simple moving average is $108.39.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.ServiceNow’s revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 EPS. As a group, analysts forecast that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NOW. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 price target on shares of ServiceNow in a report on Thursday, July 23rd. BTIG Research boosted their price objective on ServiceNow from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday. Truist Financial upped their target price on shares of ServiceNow from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. TD Cowen reaffirmed a “buy” rating and issued a $140.00 target price on shares of ServiceNow in a research note on Monday, August 17th. Finally, Robert W. Baird lifted their price target on shares of ServiceNow from $118.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.73.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: BTIG raised its price target to $170 and maintained a “Buy” rating, implying substantial upside from recent trading levels. The upgrade provides a near-term bullish catalyst and reflects confidence in ServiceNow’s growth prospects. BTIG price target report
• Positive Sentiment: ServiceNow acquired Sweep, sharpening its effort to compete with Salesforce in customer relationship management and sales automation. The deal could expand NOW’s AI-enabled workflow and sales capabilities, although financial terms and the near-term revenue contribution were not disclosed. ServiceNow Sweep acquisition article
• Positive Sentiment: Deloitte was named a Leader in IDC’s 2026 assessment of ServiceNow implementation services. The recognition supports the strength of ServiceNow’s partner ecosystem and demand for AI-enabled implementations, though it is an indirect benefit rather than a direct financial announcement. Deloitte ServiceNow implementation services article
• Neutral Sentiment: Analyst commentary highlights strong AI growth, subscription gains and broad enterprise demand. ServiceNow’s recent quarterly results also showed roughly 24% year-over-year revenue growth, but investors are weighing those strengths against a premium valuation and margin pressure. ServiceNow buy, sell or hold analysis
• Neutral Sentiment: Recent commentary says the stock’s rebound was helped by temporarily easing fears that artificial intelligence would displace software companies. However, this sentiment-driven support may remain fragile as the market reassesses AI adoption and software-sector valuations. Why ServiceNow stock rose last month
• Negative Sentiment: Valuation and competition remain key risks. Analysts point to stiff competition, potential margin compression and a high earnings multiple, while recent insider activity shows several executives selling shares and no reported insider purchases in the past six months. ServiceNow valuation and insider trading analysis

Insider Activity at ServiceNow

In other news, Director Paul Chamberlain sold 2,700 shares of ServiceNow stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $135.50, for a total transaction of $365,850.00. Following the transaction, the director directly owned 43,990 shares of the company’s stock, valued at $5,960,645. This trade represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Fipps sold 2,034 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $147.87, for a total transaction of $300,767.58. Following the completion of the transaction, the insider directly owned 18,305 shares of the company’s stock, valued at $2,706,760.35. This trade represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 14,081 shares of company stock worth $1,937,904. 0.34% of the stock is currently owned by company insiders.

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.