Kirtland Hills Capital Management LLC Invests $1.50 Million in ServiceNow, Inc. $NOW

23 Aug 2026, 13:06 by Kim Johansen · The Markets Daily

Kirtland Hills Capital Management LLC acquired a new stake in shares of ServiceNow, Inc. (NYSE:NOW – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 15,099 shares of the information technology services provider’s stock, valued at approximately $1,499,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NOW. Compass Financial Management LLC purchased a new stake in shares of ServiceNow in the second quarter worth about $321,000. Elevation Point Wealth Partners LLC bought a new stake in ServiceNow in the 2nd quarter worth approximately $1,999,000. Alta Advisers Ltd bought a new stake in ServiceNow in the 2nd quarter worth approximately $399,000. Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of ServiceNow during the 2nd quarter worth approximately $7,296,000. Finally, Foyston Gordon & Payne Inc purchased a new stake in shares of ServiceNow during the 2nd quarter worth approximately $2,085,000. Institutional investors own 87.18% of the company’s stock.

ServiceNow Price Performance

NYSE NOW opened at $128.73 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s fifty day moving average price is $108.88 and its 200 day moving average price is $105.74. ServiceNow, Inc. has a 1 year low of $81.24 and a 1 year high of $194.73. The company has a market cap of $133.11 billion, a price-to-earnings ratio of 80.46, a PEG ratio of 2.26 and a beta of 0.94.

ServiceNow (NYSE:NOW – Get Free Report) last issued its 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 firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.93 billion. ServiceNow had a return on equity of 16.45% and a net margin of 11.34%.ServiceNow’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, equities research analysts forecast that ServiceNow, Inc. will post 2.24 earnings per share for the current year.

Insider Activity

In other ServiceNow news, Director Paul Edward Chamberlain sold 1,500 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $125.60, for a total value of $188,400.00. Following the completion of the transaction, the director owned 46,690 shares in the company, valued at approximately $5,864,264. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NOW shares. Piper Sandler reaffirmed an “overweight” rating and set a $140.00 price target on shares of ServiceNow in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of ServiceNow from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. BMO Capital Markets increased their price target on shares of ServiceNow from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. UBS Group set a $248.00 price target on ServiceNow in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “market outperform” rating on shares of ServiceNow in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, ServiceNow presently has an average rating of “Moderate Buy” and a consensus price target of $144.24.

Check Out Our Latest Stock Analysis on NOW

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

Positive Sentiment: ServiceNow expanded its multi-year partnership with Tech Mahindra to help enterprises move AI projects from pilot programs into production. The “Client Zero” approach combines ServiceNow’s AI platform with Tech Mahindra’s industry expertise, potentially increasing adoption, automation revenue and measurable customer outcomes. Tech Mahindra and ServiceNow Expand Partnership to Deliver Production-Ready Enterprise AI at Scale
Positive Sentiment: Bank of America raised its ServiceNow price target to $150, citing the company’s positioning to monetize artificial intelligence as concerns about AI disruption to traditional software fade. The move contributed to broader bullish sentiment across software stocks. Bank of America Increases ServiceNow Price Target to $150
Positive Sentiment: ServiceNow has gained substantially since its latest earnings report, which beat estimates on both adjusted earnings and revenue. Quarterly revenue increased 24% year over year, reinforcing the view that the company remains a leading enterprise AI and workflow platform. ServiceNow Up 41.1% Since Last Earnings Report
Positive Sentiment: ServiceNow was also selected as a CNBC “Final Trade,” providing additional visibility and signaling continued support from some professional investors. Final Trades: ServiceNow, Vertex and Uber
Neutral Sentiment: Despite the favorable company news, midday AI buying has been concentrated in government-facing companies such as Palantir and BigBear.ai rather than enterprise software, limiting near-term upside for NOW. How Are Traders Picking the Software Winners?
Negative Sentiment: Investors continue to monitor competitive threats from newer AI-native automation platforms, including Serval, as well as ServiceNow’s premium valuation. Those concerns may encourage profit-taking after the stock’s sharp post-earnings advance. Serval Wants To Replace ServiceNow With AI That Builds Enterprise Automation

ServiceNow Company Profile

(Free Report)

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.