Los Angeles Capital Management LLC Has $242.28 Million Position in Veeva Systems Inc. $VEEV

Los Angeles Capital Management LLC increased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 423.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 841,303 shares of the technology company’s stock after purchasing an additional 680,702 shares during the period. Veeva Systems makes up approximately 0.9% of Los Angeles Capital Management LLC’s holdings, making the stock its 19th largest position. Los Angeles Capital Management LLC owned 0.51% of Veeva Systems worth $242,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VEEV. True Wealth Design LLC grew its stake in shares of Veeva Systems by 108.0% in the second quarter. True Wealth Design LLC now owns 443 shares of the technology company’s stock worth $128,000 after acquiring an additional 230 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Veeva Systems by 409.4% in the second quarter. Penserra Capital Management LLC now owns 3,693 shares of the technology company’s stock valued at $1,062,000 after buying an additional 2,968 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in Veeva Systems during the second quarter valued at about $297,000. Savant Capital LLC lifted its position in Veeva Systems by 190.1% in the second quarter. Savant Capital LLC now owns 22,980 shares of the technology company’s stock worth $6,618,000 after purchasing an additional 15,058 shares during the period. Finally, Horizon Investment Services LLC bought a new stake in Veeva Systems in the second quarter valued at about $2,383,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Analyst Ratings Changes

VEEV has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday, October 8th. BTIG Research reiterated a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a report on Friday, October 17th. Wells Fargo & Company lifted their price target on shares of Veeva Systems from $300.00 to $326.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Mizuho increased their price objective on shares of Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Evercore ISI upped their target price on shares of Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research report on Thursday, August 28th. Seventeen 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, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Stock Up 1.4%

Veeva Systems stock opened at $295.23 on Friday. The company has a 50 day moving average of $286.40 and a 200-day moving average of $274.85. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50. The stock has a market capitalization of $48.39 billion, a PE ratio of 60.62, a price-to-earnings-growth ratio of 2.22 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 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. During the same quarter last year, the firm earned $1.62 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Veeva Systems news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider owned 25,325 shares of the company’s stock, valued at $7,765,151.50. This trade represents a 19.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jonathan Faddis sold 14,595 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the transaction, the senior vice president directly owned 8,588 shares in the company, valued at approximately $2,576,400. This represents a 62.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is owned by insiders.

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.