Veeva Systems Inc. $VEEV Shares Sold by California Public Employees Retirement System

Posted by Francis Steltz on Jul 21st, 2026

California Public Employees Retirement System cut its holdings in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 21.5% during the first quarter, Holdings Channel reports. The firm owned 211,832 shares of the technology company’s stock after selling 58,101 shares during the quarter. California Public Employees Retirement System’s holdings in Veeva Systems were worth $37,210,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. SHP Wealth Management acquired a new position in shares of Veeva Systems in the fourth quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. increased its stake in Veeva Systems by 322.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock worth $29,000 after buying an additional 100 shares during the period. Activest Wealth Management lifted its holdings in Veeva Systems by 3,175.0% during the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock worth $29,000 after buying an additional 127 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Veeva Systems during the 4th quarter worth approximately $30,000. Finally, Reflection Asset Management purchased a new position in Veeva Systems in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Priscilla Hung sold 750 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total value of $116,730.00. Following the transaction, the director owned 3,253 shares of the company’s stock, valued at $506,296.92. This represents a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by company insiders.

Analyst Ratings Changes

VEEV has been the subject of several research reports. UBS Group dropped their price target on shares of Veeva Systems from $220.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, June 4th. Stifel Nicolaus reduced their price objective on Veeva Systems from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company lifted their target price on Veeva Systems from $317.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. TD Cowen reissued a “buy” rating on shares of Veeva Systems in a research note on Thursday, June 4th. Finally, Citigroup upped their price target on Veeva Systems from $176.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, June 4th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $247.74.

Get Our Latest Report on Veeva Systems

Veeva Systems Stock Up 1.2%

NYSE VEEV opened at $197.74 on Tuesday. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $310.50. The firm has a 50 day moving average of $172.43 and a two-hundred day moving average of $182.36. The stock has a market capitalization of $32.12 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 0.84 and a beta of 0.94.

Veeva Systems (NYSE:VEEV – Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.10. The business had revenue of $882.95 million for the quarter, compared to analyst estimates of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The company’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $1.97 EPS. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. On average, equities research analysts expect that Veeva Systems Inc. will post 6.65 earnings per share for the current fiscal year.

Veeva Systems Company Profile

(Free Report)

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.