Brighton Jones LLC Buys New Stake in Veeva Systems Inc. $VEEV

Brighton Jones LLC bought a new stake in Veeva Systems Inc. (NYSE:VEEV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,880 shares of the technology company’s stock, valued at approximately $1,405,000.

Several other large investors have also recently added to or reduced their stakes in VEEV. Nuveen LLC acquired a new stake in Veeva Systems in the 1st quarter valued at approximately $365,684,000. Price T Rowe Associates Inc. MD increased its position in Veeva Systems by 20.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,992,372 shares of the technology company’s stock valued at $924,754,000 after acquiring an additional 689,700 shares during the period. Linonia Partnership LP increased its position in Veeva Systems by 52.7% in the 1st quarter. Linonia Partnership LP now owns 1,836,557 shares of the technology company’s stock valued at $425,402,000 after acquiring an additional 633,585 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Veeva Systems by 48.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,799,931 shares of the technology company’s stock valued at $416,918,000 after acquiring an additional 585,785 shares during the period. Finally, Alliancebernstein L.P. increased its position in Veeva Systems by 10.7% in the 1st quarter. Alliancebernstein L.P. now owns 5,499,651 shares of the technology company’s stock valued at $1,273,884,000 after acquiring an additional 532,269 shares during the period. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Veeva Systems Stock Up 0.9%

Shares of Veeva Systems stock opened at $295.64 on Tuesday. The stock has a market cap of $48.46 billion, a PE ratio of 60.71, a price-to-earnings-growth ratio of 2.26 and a beta of 0.98. The business has a fifty day simple moving average of $284.95 and a 200-day simple moving average of $270.59. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). The business had revenue of $789.08 million during 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 quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $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. Analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Transactions at Veeva Systems

In other news, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $298.12, for a total value of $214,646.40. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. This trade represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,665 shares of company stock valued at $7,438,000 over the last quarter. Company insiders own 10.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VEEV shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Veeva Systems in a research report on Wednesday, October 8th. Piper Sandler lifted their price target on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Canaccord Genuity Group lifted their price target on Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Oppenheimer reiterated an “outperform” rating and set a $325.00 price target on shares of Veeva Systems in a research report on Thursday, August 28th. Finally, TD Cowen upgraded Veeva Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from $297.00 to $380.00 in a research report on Tuesday, October 7th. Seventeen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $307.58.

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.