Howland Capital Management 13F: Cuts NOW Stake by $3.4M
Key Points
- Howland Capital Management cut its stake in ServiceNow, Inc. NOW by 11.8% to 190,067 shares worth about $25.47 million in a filing on October 22, 2026.
- ServiceNow, Inc. reports trailing twelve month revenue of $14.73 billion with a net margin of 11.3% ahead of its next earnings report on October 28, 2026.
- Royal Fund Management also reported activity in the stock, holding 15,627 shares valued at roughly $2.09 million.
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Howland Capital Management reduced its holdings in ServiceNow, Inc. NOW by 25,543 shares during the quarter, according to a Form 13F filing with the SEC on October 22, 2026.
NOW
ServiceNow, Inc.
What Changed in Howland Capital Management's ServiceNow, Inc. Position
The firm trimmed its position by 11.8%, leaving it with 190,067 shares. The remaining stake had a reported value of $25,470,879 at the close of the period. In the prior quarter, the fund held 215,610 shares.
Other Institutional Activity in ServiceNow, Inc.
Royal Fund Management held 15,627 shares of ServiceNow, Inc. worth about $2.09 million.
ServiceNow, Inc. Stock Up 2.5%
ServiceNow, Inc. shares recently traded around $157.00, matching the closing price on the October 22, 2026 filing date.
Recent Earnings
ServiceNow, Inc. posted trailing twelve month revenue of $14.73 billion and earnings of $1.60 per share. The company recorded a net profit margin of 11.3% and a return on equity of 14.2%. Its next earnings report is scheduled for October 28, 2026.
Dividend
ServiceNow, Inc. does not pay a dividend, maintaining a payout ratio of 0.0%.
Insider Buying and Selling at ServiceNow, Inc.
Company insiders were active in the market prior to the filing. Director Paul Edward Chamberlain sold 1,500 shares on August 13, 2026, at a price of $125.60, and another 2,700 shares on August 27, 2026, at $135.50. Officer Jacqueline P Canney sold 7,847 shares on August 28, 2026, at $138.00. Officer Paul G. Fipps sold 2,034 shares on August 31, 2026, at $147.87.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock ahead of the filing. On October 15, 2026, Mizuho maintained its Outperform rating and raised its price target to $170.00 from $140.00. TD Cowen maintained a Buy rating on October 15, 2026, lifting its target to $165.00 from $140.00. Piper Sandler maintained an Overweight rating on October 16, 2026, moving its target to $175.00 from $140.00. StoneX maintained a Buy rating on October 19, 2026, raising its target to $165.00 from $130.00. Truist Securities maintained a Buy rating on October 21, 2026, setting a target of $180.00 up from $130.00. The stock currently holds a consensus recommendation of strong buy from 46 analysts.
About ServiceNow, Inc.
ServiceNow, Inc. builds cloud-based software that helps companies manage digital workflows, IT services, operations, and customer support. The business operates across North America, Europe, Asia, and other international regions, serving enterprise clients of all sizes.
Bottom Line
Investors will look toward the upcoming earnings release on October 28, 2026, for fresh details on revenue growth and profit margins. Institutional holdings will continue to shift as funds adjust their portfolios ahead of the end of the year.
Related Filing Alerts
Source: Howland Capital Management's 13F filing on $NOW (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts