Ted Buchan & Co Has $985,000 Stock Position in ServiceNow, Inc. $NOW

Ted Buchan & Co raised its holdings in shares of ServiceNow, Inc. (NYSE:NOW) by 479.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,433 shares of the information technology services provider’s stock after purchasing an additional 5,322 shares during the period. Ted Buchan & Co’s holdings in ServiceNow were worth $985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NOW. Verus Capital Partners LLC grew its holdings in ServiceNow by 503.7% during the 4th quarter. Verus Capital Partners LLC now owns 3,550 shares of the information technology services provider’s stock worth $544,000 after acquiring an additional 2,962 shares during the period. State of Wyoming acquired a new position in shares of ServiceNow in the 4th quarter valued at $57,000. Harold Davidson & Associates Inc. boosted its position in shares of ServiceNow by 382.1% in the 4th quarter. Harold Davidson & Associates Inc. now owns 6,200 shares of the information technology services provider’s stock worth $950,000 after purchasing an additional 4,914 shares during the last quarter. TD Asset Management Inc boosted its position in shares of ServiceNow by 385.1% in the 4th quarter. TD Asset Management Inc now owns 1,047,549 shares of the information technology services provider’s stock worth $160,474,000 after purchasing an additional 831,601 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of ServiceNow by 531.2% during the fourth quarter. Cibc World Market Inc. now owns 238,355 shares of the information technology services provider’s stock worth $36,514,000 after purchasing an additional 200,595 shares during the period. Institutional investors own 87.18% of the company’s stock.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: William Blair reiterated a Buy rating on ServiceNow, citing accelerating AI adoption, a model-agnostic architecture, and a potential path to $30 billion in revenue by 2030. Article Title
• Positive Sentiment: Several conference appearances this week suggest management is actively reinforcing the company’s AI and enterprise workflow growth narrative to investors. Article Title
• Positive Sentiment: ServiceNow expanded its partnership with Everbridge’s xMatters, deepening AI-powered incident response and workflow orchestration capabilities for critical operations customers. Article Title
• Positive Sentiment: ServiceNow announced a $2.5 million grant to City Year, highlighting continued investment in workforce development and AI-enabled operational innovation, which supports its brand and enterprise relationships. Article Title
• Neutral Sentiment: Commentary around ServiceNow as an “AI control tower” and comparisons with other enterprise AI names reflect growing investor interest, but these pieces are opinion-based and don’t add fresh financial data. Article Title
• Neutral Sentiment: Recent conference transcripts and AI-sector articles likely helped keep ServiceNow in focus, but they appear more reflective of sentiment than of a new business catalyst. Article Title
• Negative Sentiment: ServiceNow was recently hit by a broader software-sector selloff and a Zacks note pointed to a sharp one-day decline, showing that AI enthusiasm has not eliminated valuation and sentiment pressure. Article Title

Insider Activity

In other ServiceNow news, Director Anita M. Sands sold 16,445 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $90.14, for a total transaction of $1,482,352.30. Following the transaction, the director owned 30,090 shares of the company’s stock, valued at $2,712,312.60. The trade was a 35.34% decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $87.23, for a total value of $130,845.00. Following the completion of the sale, the director directly owned 44,930 shares of the company’s stock, valued at approximately $3,919,243.90. The trade was a 3.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,071 shares of company stock valued at $2,529,956 in the last 90 days. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Oppenheimer reissued an “outperform” rating on shares of ServiceNow in a research note on Tuesday, May 26th. Wells Fargo & Company lowered their price target on ServiceNow from $185.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of ServiceNow from $180.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. DA Davidson reissued a “buy” rating and set a $190.00 price objective on shares of ServiceNow in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group lowered their target price on shares of ServiceNow from $188.00 to $163.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.85.

ServiceNow Trading Down 7.7%

Shares of ServiceNow stock opened at $117.86 on Thursday. The stock has a market cap of $121.51 billion, a P/E ratio of 70.24, a P/E/G ratio of 2.11 and a beta of 0.94. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.13. ServiceNow, Inc. has a 12-month low of $81.24 and a 12-month high of $211.48. The business’s 50 day moving average is $98.99 and its 200-day moving average is $122.45.

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

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.