Blue Zone Wealth Advisors LLC Has $5.12 Million Stock Position in Veeva Systems Inc. $VEEV

Blue Zone Wealth Advisors LLC lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 3.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 17,767 shares of the technology company’s stock after acquiring an additional 548 shares during the period. Blue Zone Wealth Advisors LLC’s holdings in Veeva Systems were worth $5,117,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Blue Trust Inc. raised its holdings in shares of Veeva Systems by 39.8% during the 2nd quarter. Blue Trust Inc. now owns 344 shares of the technology company’s stock worth $99,000 after buying an additional 98 shares in the last quarter. IFP Advisors Inc increased its holdings in Veeva Systems by 29.1% in the 2nd quarter. IFP Advisors Inc now owns 718 shares of the technology company’s stock worth $207,000 after purchasing an additional 162 shares in the last quarter. Callan Family Office LLC increased its holdings in Veeva Systems by 333.1% in the 2nd quarter. Callan Family Office LLC now owns 3,768 shares of the technology company’s stock worth $1,085,000 after purchasing an additional 2,898 shares in the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new position in Veeva Systems in the 2nd quarter worth about $337,000. Finally, Legacy Investment Solutions LLC acquired a new position in Veeva Systems in the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Activity at Veeva Systems

In related news, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the sale, the insider owned 25,325 shares in the company, valued at $7,765,151.50. This represents a 19.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jonathan Faddis sold 720 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $298.12, for a total value of $214,646.40. Following the sale, the senior vice president owned 7,868 shares in the company, valued at approximately $2,345,608.16. The trade was a 8.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,665 shares of company stock worth $7,438,000 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Trading Down 3.8%

Shares of VEEV stock opened at $287.04 on Friday. The stock has a market cap of $47.05 billion, a price-to-earnings ratio of 58.94, a PEG ratio of 2.31 and a beta of 0.98. The stock has a 50-day moving average of $282.91 and a 200-day moving average of $264.86. Veeva Systems Inc. has a 1-year low of $201.54 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.64). The company had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.62 EPS. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Sell-side analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VEEV. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday. Citigroup upped their target price on Veeva Systems from $329.00 to $349.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Stifel Nicolaus upped their target price on Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Wall Street Zen raised Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Needham & Company LLC upped their target price on Veeva Systems from $300.00 to $355.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.58.

Veeva Systems Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.