First Merchants Corp Has $7.02 Million Position in ServiceNow, Inc. $NOW

NodeGuardian · 2026-04-02T03:16:51+00:00

First Merchants Corp raised its investment in ServiceNow by 413.2%, holding shares worth $7.02 million. Despite insider selling and AI market concerns, ServiceNow reported strong revenue growth and received a "Moderate Buy" rating from analysts.

NodeGuardian

2026-04-02 03:16:51

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First Merchants Corp significantly increased its stake in ServiceNow, Inc. (NYSE:NOW) by 413.2% in Q4, now holding 45,824 shares valued at $7.02 million. ServiceNow exceeded quarterly EPS estimates and reported strong revenue growth of 20.7% year-over-year, reaching $3.57 billion. Despite recent insider selling and some market turbulence related to AI concerns, analysts maintain a “Moderate Buy” rating with an average price target of $192.61, noting continued subscription revenue growth and increasing AI adoption.

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