Veeva Systems Inc. $VEEV Shares Sold by S Bank Fund Management Ltd

S Bank Fund Management Ltd lowered its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 20.1% during the second quarter, Holdings Channel reports. The firm owned 1,112 shares of the technology company’s stock after selling 280 shares during the quarter. S Bank Fund Management Ltd’s holdings in Veeva Systems were worth $320,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Abound Financial LLC acquired a new position in Veeva Systems in the 1st quarter valued at about $25,000. ORG Partners LLC acquired a new position in Veeva Systems in the 1st quarter valued at about $26,000. Trust Co. of Toledo NA OH acquired a new position in Veeva Systems in the 2nd quarter valued at about $29,000. Golden State Wealth Management LLC increased its position in Veeva Systems by 152.9% in the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock valued at $30,000 after acquiring an additional 78 shares during the period. Finally, Wayfinding Financial LLC acquired a new position in Veeva Systems in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on VEEV shares. Stifel Nicolaus boosted their price target on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Raymond James Financial restated an “outperform” rating and issued a $340.00 price target (up previously from $310.00) on shares of Veeva Systems in a research report on Thursday, August 28th. Needham & Company LLC boosted their price target on Veeva Systems from $300.00 to $355.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. upgraded Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $290.00 to $330.00 in a research report on Monday, September 8th. Finally, Canaccord Genuity Group boosted their target price on Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.58.

Veeva Systems Trading Up 1.9%

NYSE VEEV opened at $292.71 on Friday. The business’s 50 day moving average is $283.41 and its two-hundred day moving average is $266.34. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The stock has a market capitalization of $47.98 billion, a price-to-earnings ratio of 60.10, a PEG ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.64). The business had revenue of $789.08 million for the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The business’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Equities analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the sale, the senior vice president owned 7,868 shares of the company’s stock, valued at $2,345,608.16. The trade was a 8.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. This trade represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,665 shares of company stock valued at $7,438,000 in the last quarter. 10.30% of the stock is currently owned by corporate insiders.

About Veeva Systems

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.