ServiceNow Attracts Big Bet From Generali Investments CEE

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Generali Investments CEE has dramatically increased its stake in ServiceNow, boosting holdings by 277.8% in the first quarter. The firm now owns 3,400 ServiceNow shares, up by 2,500 from last quarter, valued at $2.7 million. Other institutional investors like WASHINGTON TRUST Co. and Lugano Financial Advisors also joined the ServiceNow buying spree. The stock is currently trading down 1% but still boasts a hefty market cap of $214 billion. ServiceNow posted strong quarterly results with $3.09 billion in revenue, up 18.6% year-over-year, and earnings that beat analyst expectations. Analysts remain bullish, with most maintaining a “moderate buy” rating and raising price targets. Meanwhile, insiders like CEO Bill McDermott have sold some shares, though ownership remains solid. ServiceNow continues to attract investors with its robust financials and steady innovation in IT services, proving it’s more than just a one-quarter wonder.

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Generali Investments CEE has made a bold bet on ServiceNow, tripling its holdings in the first quarter. The firm increased its stake by 277.8%, now holding 3,400 shares worth about $2.7 million. Other institutional players also piled in, with WASHINGTON TRUST Co. boosting its position by over 600%, and several smaller hedge funds adding new positions. ServiceNow remains a hot pick among institutional investors, who collectively own over 87% of the company.

Despite the flurry of buying activity, ServiceNow’s stock dipped 1% recently, trading around $1,034.50. But that minor drop hasn’t cooled enthusiasm, as the company maintains a colossal $214 billion market cap, showing its resilience. Analysts are mostly upbeat, with a “moderate buy” consensus and average price targets climbing above $1,060. Many have adjusted their targets upward following strong quarterly performance, underscoring ServiceNow’s long-term growth potential.

On the earnings front, ServiceNow delivered an impressive quarter with $3.09 billion in revenue, an 18.6% increase from a year earlier. The company beat profit estimates too, reporting $4.04 per share versus the expected $3.78. Return on equity stood at 17.34%, and net margin held strong at over 13%. ServiceNow continues to impress with consistent execution and innovative offerings in IT services, workflow automation, and digital employee experiences.

Insiders, however, took the opportunity to cash in on some gains. CEO Bill McDermott and director Jonathan Chadwick sold notable amounts of stock, reducing their holdings but still keeping meaningful stakes. In total, insiders sold shares worth over $6.6 million in the last quarter. Despite insider selling, confidence remains high across the board. ServiceNow’s growth story, powered by a strong balance sheet and future-focused strategy, keeps investors engaged and analysts optimistic. It seems ServiceNow is proving that even in a crowded market, it knows how to stay… well, now.