Brokerages Set Veeva Systems Inc. (NYSE:VEEV) PT at $307.58

Veeva Systems Inc. (NYSE:VEEV) has been assigned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seventeen have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $307.5833.

A number of brokerages have recently weighed in on VEEV. BTIG Research reissued a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a report on Friday, October 17th. Piper Sandler upped their target price on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Oppenheimer reiterated an “outperform” rating and issued a $325.00 price target on shares of Veeva Systems in a report on Thursday, August 28th. 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. Finally, Stifel Nicolaus upped their price objective on shares of Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, August 28th.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, insider Eleni Nitsa Zuppas sold 6,000 shares of the stock in a transaction dated 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 sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan Faddis sold 720 shares of the business’s 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 directly owned 7,868 shares of the company’s stock, valued at approximately $2,345,608.16. This trade represents a 8.38% decrease in their position. The SEC filing for this sale provides additional information. Over 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.

Institutional Investors Weigh In On Veeva Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. Linden Thomas Advisory Services LLC boosted its holdings in Veeva Systems by 0.3% during the third quarter. Linden Thomas Advisory Services LLC now owns 12,444 shares of the technology company’s stock worth $3,707,000 after buying an additional 35 shares in the last quarter. Sigma Planning Corp raised its position in shares of Veeva Systems by 1.2% in the second quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock worth $958,000 after acquiring an additional 39 shares during the period. Personal CFO Solutions LLC boosted its stake in shares of Veeva Systems by 3.5% during the 3rd quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company’s stock worth $346,000 after acquiring an additional 39 shares in the last quarter. AFT Forsyth & Company Inc. boosted its stake in shares of Veeva Systems by 4.2% during the 3rd quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company’s stock worth $293,000 after acquiring an additional 40 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Veeva Systems by 17.1% during the 3rd quarter. Private Trust Co. NA now owns 281 shares of the technology company’s stock valued at $84,000 after acquiring an additional 41 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Trading Up 1.1%

Shares of Veeva Systems stock opened at $299.11 on Friday. The firm’s 50 day simple moving average is $287.53 and its two-hundred day simple moving average is $276.64. The firm has a market capitalization of $49.03 billion, a price-to-earnings ratio of 61.42, a PEG ratio of 2.22 and a beta of 0.98. Veeva Systems has a 12-month low of $201.54 and a 12-month high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share 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 for the quarter, compared to analysts’ expectations of $768.49 million. During the same period last year, the firm earned $1.62 earnings per share. Veeva Systems’s quarterly revenue was up 16.7% compared to the same quarter last year. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. On average, sell-side analysts predict that Veeva Systems 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.