<div id="readability-page-1"><p>HBW Advisory Services LLC purchased a new position in shares of  ServiceNow, Inc. (NYSE:NOW - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  purchased 2,092 shares of the information technology services provider's stock, valued at approximately $2,151,000.</p><ul><li>How ServiceNow Is Turning AI Strategy Into Real Revenue</li></ul><p>Several other large investors have also modified their holdings of NOW. GAMMA Investing LLC raised its stake in shares of  ServiceNow by 87,501.3% during the first quarter. GAMMA Investing LLC now owns 2,689,361 shares of the information technology services provider's stock worth $2,141,108,000 after purchasing an additional 2,686,291 shares during the last quarter.  Nuveen LLC purchased a new stake in shares of  ServiceNow during the first quarter worth approximately $1,817,535,000.  OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of  ServiceNow by 1,586.5% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 933,209 shares of the information technology services provider's stock worth $742,965,000 after purchasing an additional 877,875 shares during the last quarter.  Goldman Sachs Group Inc. raised its stake in shares of  ServiceNow by 131.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,480,526 shares of the information technology services provider's stock worth $1,178,706,000 after purchasing an additional 840,731 shares during the last quarter.  Finally, Parnassus Investments LLC purchased a new stake in shares of  ServiceNow during the first quarter worth approximately $519,806,000. Hedge funds and other institutional investors own  87.18% of the company's stock. </p><h2>ServiceNow Stock Down 0.9%</h2><p>ServiceNow stock opened at $930.04 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $193.45 billion, a price-to-earnings ratio of 117.13, a price-to-earnings-growth ratio of 4.23 and a beta of 0.91. ServiceNow, Inc. has a fifty-two week low of $678.66 and a fifty-two week high of $1,198.09. The stock's fifty day moving average is $927.34 and its two-hundred day moving average is $922.46. </p><ul><li>Analysts Are Upgrading These 3 Massive AI Stocks After Earnings</li></ul><p>ServiceNow (NYSE:NOW - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The information technology services provider reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.52. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.12 billion. ServiceNow had a return on equity of 18.04% and a net margin of 13.78%.ServiceNow's revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.13 earnings per share.  Analysts predict that  ServiceNow, Inc. will post 8.93 EPS for the current fiscal year. </p><h2>Analyst Ratings Changes</h2><p>Several research firms have recently commented on NOW. UBS Group cut their price target on ServiceNow from $1,125.00 to $1,100.00 and set a &#34;buy&#34; rating for the company in a research note on Thursday, July 24th. Piper Sandler increased their price objective on ServiceNow from $1,120.00 to $1,150.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, July 24th. Oppenheimer  reiterated an &#34;outperform&#34; rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of ServiceNow in a research report on Thursday, July 24th. DA Davidson increased their price objective on ServiceNow from $1,150.00 to $1,250.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, July 24th. Finally, Wall Street Zen cut ServiceNow from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, August 30th. One investment analyst  has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, three have given a Hold rating and one  has assigned  a Sell rating to the company. Based on data from MarketBeat, ServiceNow presently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $1,115.20.</p><ul><li>ServiceNow: The 2nd Wave of AI Spending Is Here</li></ul><p><b>Read Our Latest Analysis on ServiceNow</b></p><h2>Insider Buying and Selling</h2><p>In related news, Director Anita M. Sands sold 1,097 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $915.11, for a total transaction of $1,003,875.67. Following the sale, the director owned 9,307 shares of the company's stock, valued at $8,516,928.77. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, CEO William R. Mcdermott sold 5,825 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $916.63, for a total value of $5,339,369.75. Following the sale, the chief executive officer directly owned 6,614 shares in the company, valued at approximately $6,062,590.82. The trade was a 46.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,976 shares of company stock valued at $17,049,775 in the last three months. 0.38% of the stock is owned by insiders. </p><h2>ServiceNow Company Profile</h2> (Free Report)<p>ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than ServiceNow</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Tesla's U.S. Market Is At An 8-Year Low... How Bad Could It Get?</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>Congress: The Biggest Trades Impacting Markets Today</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>3 Companies Boosting Buybacks While Others Pull Back</li></ul><p><strong>Want to see what other hedge funds are holding NOW?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ServiceNow, Inc. (NYSE:NOW - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5PVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU5PVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ServiceNow Right Now?</h2><p>Before you consider ServiceNow, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ServiceNow wasn't on the list.</p><p>While ServiceNow currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>HBW Advisory Services LLC invested $2.15 million in ServiceNow, Inc. by purchasing 2,092 shares in the second quarter. Other institutional investors also increased their stakes significantly. ServiceNow's stock is currently down 0.9%, trading at $930.04, with a market cap of $193.45 billion. The company reported earnings of $4.09 per share, exceeding estimates, and revenue of $3.22 billion, up 22.4% year-over-year. Analysts have mixed ratings on the stock, with a consensus target price of $1,115.20.</p>

HBW Advisory Services LLC Invests $2.15 Million in ServiceNow, Inc. $NOW