Veeva Systems (NYSE:VEEV) Price Target Lowered to $280.00 at UBS Group

Veeva Systems (NYSE:VEEV) had its price target decreased by UBS Group from $310.00 to $280.00 in a research report report published on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the technology company’s stock.

VEEV has been the topic of a number of other research reports. 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 report on Tuesday, October 7th. Piper Sandler lifted their target price on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Oppenheimer reiterated an “outperform” rating and issued a $325.00 target price on shares of Veeva Systems in a report on Thursday, August 28th. BMO Capital Markets initiated coverage on shares of Veeva Systems in a research report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Veeva Systems from $300.00 to $326.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $305.84.

Veeva Systems Stock Down 9.8%

Shares of VEEV stock traded down $26.52 during trading hours on Friday, reaching $243.98. 4,902,806 shares of the stock traded hands, compared to its average volume of 1,306,488. The firm has a market capitalization of $39.99 billion, a PE ratio of 50.10, a PEG ratio of 2.22 and a beta of 0.98. Veeva Systems has a 1-year low of $201.54 and a 1-year high of $310.50. The business has a fifty day moving average price of $287.74 and a 200 day moving average price of $278.52.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm had revenue of $811.24 million during the quarter, compared to analyst estimates of $792.37 million. During the same quarter last year, the business posted $1.75 EPS. The company’s revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. Research analysts expect that Veeva Systems will post 4.35 earnings per share for the current fiscal year.

Insider Activity at Veeva Systems

In related news, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction that occurred 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 transaction, the insider owned 23,773 shares in the company, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider directly owned 25,325 shares in the company, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Veeva Systems

A number of large investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC increased its position in Veeva Systems by 196.4% during the third quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after buying an additional 55 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Veeva Systems during the 3rd quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems during the 2nd quarter valued at about $29,000. OLD Second National Bank of Aurora acquired a new position in shares of Veeva Systems during the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Veeva Systems in the 2nd quarter valued at approximately $32,000. 88.20% of the stock is currently owned by institutional investors.

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.