Veeva Systems Inc. $VEEV Stock Holdings Increased by True Wealth Design LLC

True Wealth Design LLC grew its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 108.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 443 shares of the technology company’s stock after buying an additional 230 shares during the period. True Wealth Design LLC’s holdings in Veeva Systems were worth $128,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VEEV. Trust Co. of Toledo NA OH bought a new position in Veeva Systems during the second quarter worth $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems during the second quarter worth $32,000. Maseco LLP acquired a new stake in shares of Veeva Systems during the second quarter worth $35,000. Key Financial Inc lifted its position in shares of Veeva Systems by 161.0% in the 1st quarter. Key Financial Inc now owns 154 shares of the technology company’s stock worth $36,000 after buying an additional 95 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Veeva Systems in the 2nd quarter valued at about $68,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Buying and Selling

In other news, insider Thomas D. Schwenger sold 3,350 shares of the business’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 sale, the insider owned 23,773 shares of the company’s stock, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the sale, the insider owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,665 shares of company stock valued at $7,438,000 over the last quarter. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Stock Performance

Shares of VEEV opened at $295.23 on Friday. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50. The stock’s fifty day moving average is $286.40 and its 200-day moving average is $274.85. The firm has a market capitalization of $48.39 billion, a price-to-earnings ratio of 60.62, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (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 company had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. During the same quarter in the prior year, the company earned $1.62 EPS. The business’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. Analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

VEEV has been the topic of a number of recent research reports. Evercore ISI raised their target price on shares of Veeva Systems from $285.00 to $295.00 and gave the stock an “in-line” rating in a report on Thursday, August 28th. Needham & Company LLC reissued a “buy” rating and issued a $355.00 price target on shares of Veeva Systems in a report on Friday, October 17th. Raymond James Financial restated an “outperform” rating and set a $340.00 price objective (up from $310.00) on shares of Veeva Systems in a research note on Thursday, August 28th. Wall Street Zen cut Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler upped their price target on shares of Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus target price 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.