Focus Partners Advisor Solutions LLC Has $1.68 Million Stock Holdings in Veeva Systems Inc. $VEEV

Focus Partners Advisor Solutions LLC grew its position in Veeva Systems Inc. (NYSE:VEEV) by 423.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,819 shares of the technology company’s stock after purchasing an additional 4,707 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Veeva Systems were worth $1,675,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. acquired a new stake in Veeva Systems in the first quarter worth $299,000. GAMMA Investing LLC raised its holdings in Veeva Systems by 13.8% in the first quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company’s stock worth $422,000 after purchasing an additional 221 shares during the period. Private Trust Co. NA raised its holdings in Veeva Systems by 35.0% in the first quarter. Private Trust Co. NA now owns 247 shares of the technology company’s stock worth $57,000 after purchasing an additional 64 shares during the period. Merit Financial Group LLC raised its holdings in shares of Veeva Systems by 12.5% during the second quarter. Merit Financial Group LLC now owns 45,247 shares of the technology company’s stock worth $13,030,000 after acquiring an additional 5,042 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of Veeva Systems by 15.7% during the second quarter. QRG Capital Management Inc. now owns 12,771 shares of the technology company’s stock worth $3,678,000 after acquiring an additional 1,735 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 720 shares of Veeva Systems 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 completion of the transaction, the senior vice president owned 7,868 shares of the company’s stock, valued at $2,345,608.16. This trade represents a 8.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the sale, the insider directly owned 25,325 shares in the company, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,665 shares of company stock worth $7,438,000. Insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VEEV shares. Morgan Stanley raised their price objective on shares of Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a report on Thursday, August 28th. Oppenheimer restated an “outperform” rating and set a $325.00 price objective on shares of Veeva Systems in a report on Thursday, August 28th. Mizuho raised their price objective on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Wall Street Zen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Finally, Stifel Nicolaus raised their price objective on shares of Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Trading Up 0.6%

Shares of VEEV stock opened at $293.11 on Monday. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The firm’s fifty day moving average price is $284.70 and its two-hundred day moving average price is $270.03. The firm has a market capitalization of $48.04 billion, a P/E ratio of 60.19, a PEG ratio of 2.26 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last issued its quarterly 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). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. As a group, equities research analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Veeva Systems Company 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.