Veeva Systems Inc. $VEEV Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,971,425 shares of the technology company’s stock after buying an additional 210,859 shares during the quarter. Vanguard Group Inc. owned 0.09% of Veeva Systems worth $4,311,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new stake in Veeva Systems in the second quarter valued at $29,000. Legacy Investment Solutions LLC acquired a new position in shares of Veeva Systems during the 2nd quarter worth $32,000. Maseco LLP purchased a new position in shares of Veeva Systems in the 2nd quarter valued at about $35,000. Ameritas Advisory Services LLC purchased a new position in shares of Veeva Systems in the 2nd quarter valued at about $68,000. Finally, ORG Partners LLC lifted its stake in shares of Veeva Systems by 176.3% in the second quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock valued at $89,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Stock Performance

Veeva Systems stock opened at $273.21 on Thursday. The stock has a fifty day moving average of $288.57 and a two-hundred day moving average of $278.53. The company has a market capitalization of $44.78 billion, a price-to-earnings ratio of 56.10, a PEG ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a fifty-two week low of $201.54 and a fifty-two week high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data 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). The company had revenue of $789.08 million during the quarter, compared to analysts’ expectations of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. 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, analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on VEEV. Canaccord Genuity Group upped their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Truist Financial lifted their price target on shares of Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Morgan Stanley boosted their price target on Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating 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 report on Saturday, November 8th. Finally, William Blair reiterated an “outperform” rating on shares of Veeva Systems in a research report on Friday, October 17th. Seventeen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $307.28.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’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 sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction 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. This trade represents a 12.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 24,665 shares of company stock worth $7,438,000. Corporate insiders own 10.30% of the company’s stock.

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.