First Trust Bank Ltd. Buys New Stake in ServiceNow, Inc. $NOW

First Trust Bank Ltd. bought a new position in shares of ServiceNow, Inc. (NYSE:NOW) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,859 shares of the information technology services provider’s stock, valued at approximately $2,269,442. ServiceNow makes up approximately 0.0% of First Trust Bank Ltd.’s investment portfolio, making the stock its 6th largest holding.

Other large investors have also made changes to their positions in the company. Millstone Evans Group LLC raised its stake in shares of ServiceNow by 400.0% in the 4th quarter. Millstone Evans Group LLC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 132 shares during the period. CBIZ Investment Advisory Services LLC lifted its position in ServiceNow by 540.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 135 shares during the last quarter. Blueline Advisors LLC purchased a new position in shares of ServiceNow during the fourth quarter valued at about $25,000. Measured Wealth Private Client Group LLC boosted its holdings in ServiceNow by 560.0% in the fourth quarter. Measured Wealth Private Client Group LLC now owns 165 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 140 shares during the last quarter. Finally, Wealth Watch Advisors INC increased its holdings in ServiceNow by 432.3% in the 4th quarter. Wealth Watch Advisors INC now owns 165 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on NOW shares. Cantor Fitzgerald increased their target price on ServiceNow from $122.00 to $141.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price on shares of ServiceNow in a research note on Thursday, July 23rd. Truist Financial increased their price objective on ServiceNow from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets boosted their target price on ServiceNow from $115.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $248.00 price objective (up from $236.00) on shares of ServiceNow in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.24.

Key Headlines Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: Investor concerns that AI would replace or “cannibalize” traditional software appear to be easing. Coverage argues that customers are adding AI capabilities to existing enterprise workflows, supporting ServiceNow’s core platform rather than displacing it. AI Isn’t Eating SaaS: Why Salesforce and ServiceNow Finally Exploded Upward
• Positive Sentiment: Analyst and market commentary highlights ServiceNow’s agentic-AI opportunity, including reported AI annual contract value above $1 billion, broader enterprise adoption, and potential monetization through products such as its AI Control Tower. Agentic AI Adoption Boosts NOW’s Growth Prospects Against MSFT & CRM
• Positive Sentiment: ServiceNow’s rally has pushed the stock to its highest level since January, while technical coverage says it cleared an early buy point. The move was reinforced by Salesforce’s strong results and a broader rotation into large-cap technology stocks. ServiceNow, IBD Stock of the Day, Clears Early Buy Point
• Positive Sentiment: Wall Street ratings remain favorable, with ServiceNow receiving a consensus “Moderate Buy” recommendation. This supports sentiment, although brokerage ratings can be systematically optimistic and should not be viewed as a standalone buy signal. ServiceNow Receives Consensus Recommendation of Moderate Buy

ServiceNow Stock Up 4.1%

ServiceNow stock traded up $5.71 during midday trading on Friday, reaching $144.14. The company’s stock had a trading volume of 18,286,633 shares, compared to its average volume of 23,401,666. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $111.34 and a 200-day simple moving average of $106.33. ServiceNow, Inc. has a fifty-two week low of $81.24 and a fifty-two week high of $194.73. The company has a market cap of $149.04 billion, a P/E ratio of 90.09, a P/E/G ratio of 2.21 and a beta of 0.94.

ServiceNow (NYSE:NOW) last issued its quarterly earnings data on Wednesday, July 22nd. The information technology services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. ServiceNow’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. On average, research analysts expect that ServiceNow, Inc. will post 2.24 earnings per share for the current fiscal year.

Insider Buying and Selling at ServiceNow

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $125.60, for a total transaction of $188,400.00. Following the completion of the sale, the director directly owned 46,690 shares of the company’s stock, valued at approximately $5,864,264. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.