Heritage Wealth Management Inc. CA Makes New Investment in ServiceNow, Inc. $NOW

Heritage Wealth Management Inc. CA acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 106,712 shares of the information technology services provider’s stock, valued at approximately $14,300,000. ServiceNow makes up about 5.0% of Heritage Wealth Management Inc. CA’s portfolio, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in NOW. Cornerstone Financial Management LLC grew its holdings in ServiceNow by 72.8% during the second quarter. Cornerstone Financial Management LLC now owns 254 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 107 shares during the last quarter. Marquette Asset Management LLC increased its position in shares of ServiceNow by 75.0% during the second quarter. Marquette Asset Management LLC now owns 301 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 129 shares during the period. Kilter Group LLC acquired a new stake in ServiceNow during the second quarter valued at approximately $31,000. Solstein Capital LLC bought a new position in shares of ServiceNow during the second quarter valued at $35,000. Finally, Main Street Group LTD acquired a new position in ServiceNow in the first quarter worth $40,000. Institutional investors and hedge funds own 87.18% of the company’s stock.

Key Stories Impacting ServiceNow

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow reported third-quarter revenue of $4.11 billion, up 20.5% year over year and above the $4.09 billion analyst estimate. Subscription revenue reached $3.988 billion, representing 21% growth. ServiceNow Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management highlighted continued momentum in enterprise AI, including an expanded partnership with OpenAI to connect AI reasoning with governed business workflows and cybersecurity applications. ServiceNow and OpenAI partnership
• Positive Sentiment: HPE selected ServiceNow for a five-year agreement to support its Cloud & AI business, while ServiceNow also launched a Control Tower Alliance with major technology and security partners. These developments could support longer-term AI adoption and recurring revenue. HPE selects ServiceNow
• Neutral Sentiment: ServiceNow’s AI growth outlook remains a key long-term strength, but investors are scrutinizing whether accelerating AI bookings and multi-million-dollar deals can justify the company’s elevated valuation and sustain its recent share-price gains. ServiceNow AI outlook
• Negative Sentiment: Adjusted earnings were $1.00 per share, below the $1.02 consensus estimate and only modestly above $0.96 a year earlier. Acquisition-related costs ended a six-quarter streak of earnings beats, raising concerns about near-term profitability. ServiceNow Q3 earnings miss
• Negative Sentiment: The company’s fourth-quarter revenue outlook came in below Wall Street expectations. That guidance disappointed investors despite the revenue beat and helped drive the sharp decline in ServiceNow shares following the report. ServiceNow weak Q4 outlook

Insider Buying and Selling at ServiceNow

In other news, Director Paul Chamberlain sold 2,700 shares of the company’s 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 completion of the transaction, the director directly owned 43,990 shares in the company, valued at approximately $5,960,645. This represents a 5.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 7,847 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $138.00, for a total value of $1,082,886.00. Following the completion of the transaction, the insider directly owned 30,042 shares of the company’s stock, valued at approximately $4,145,796. The trade was a 20.71% decrease in their position. 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 have sold a total of 14,081 shares of company stock worth $1,937,904 over the last 90 days. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NOW shares. Wells Fargo & Company reissued an “overweight” rating and set a $190.00 price target (up from $175.00) on shares of ServiceNow in a research note on Monday, October 12th. Evercore reaffirmed an “outperform” rating on shares of ServiceNow in a research report on Tuesday, October 13th. Bank of America boosted their price target on ServiceNow from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Truist Financial set a $180.00 price objective on ServiceNow and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, DA Davidson set a $170.00 price target on shares of ServiceNow and gave the company a “buy” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.74.

ServiceNow Trading Down 3.4%

NOW opened at $149.55 on Thursday. ServiceNow, Inc. has a twelve month low of $81.24 and a twelve month high of $192.97. The company has a 50-day simple moving average of $139.55 and a 200 day simple moving average of $115.79. 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 stock has a market capitalization of $154.63 billion, a price-to-earnings ratio of 93.47, a P/E/G ratio of 2.92 and a beta of 0.99.

ServiceNow (NYSE:NOW) last released its earnings results on Wednesday, October 28th. The information technology services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.02). The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.09 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. ServiceNow’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.82 earnings per share. Analysts predict that ServiceNow, Inc. will post 2.23 EPS for the current fiscal year.

ServiceNow Profile

ServiceNow, Inc provides cloud-based software designed to help organizations digitize, automate and manage enterprise workflows. Its Now Platform connects people, processes and systems across departments, enabling customers to manage work through a centralized technology environment.

The company’s products and services address a range of business needs, including information technology service management, IT operations management, customer service management, human resources service delivery, security operations, risk and compliance, and application development.