Globeflex Capital L P bought a new position in Veeva Systems Inc. (NYSE:VEEV – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 2,347 shares of the technology company’s stock, valued at approximately $417,000.
A number of other large investors have also recently modified their holdings of VEEV. Principal Financial Group Inc. raised its stake in Veeva Systems by 7.0% in the first quarter. Principal Financial Group Inc. now owns 4,141,545 shares of the technology company’s stock worth $727,513,000 after buying an additional 271,252 shares in the last quarter. State Street Corp boosted its position in Veeva Systems by 2.4% during the 4th quarter. State Street Corp now owns 3,589,425 shares of the technology company’s stock valued at $801,267,000 after acquiring an additional 85,695 shares in the last quarter. Geode Capital Management LLC boosted its position in Veeva Systems by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 3,172,716 shares of the technology company’s stock valued at $706,442,000 after acquiring an additional 23,117 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Veeva Systems by 31.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,412,210 shares of the technology company’s stock worth $706,078,000 after acquiring an additional 574,164 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Veeva Systems by 12.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,728,089 shares of the technology company’s stock worth $385,761,000 after acquiring an additional 189,093 shares during the period. Institutional investors own 88.20% of the company’s stock.
Analyst Upgrades and Downgrades
VEEV has been the subject of a number of research analyst reports. Zacks Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Wells Fargo & Company upped their price target on Veeva Systems from $317.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, June 4th. BTIG Research reiterated a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Barclays raised their price objective on Veeva Systems from $235.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Finally, Oppenheimer boosted their target price on shares of Veeva Systems from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Nineteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $258.08.
Veeva Systems Trading Down 0.4%
NYSE VEEV opened at $247.38 on Wednesday. Veeva Systems Inc. has a 12 month low of $148.05 and a 12 month high of $310.50. The stock’s fifty day moving average price is $201.60 and its 200-day moving average price is $182.61. The stock has a market cap of $40.18 billion, a P/E ratio of 44.10, a P/E/G ratio of 1.07 and a beta of 0.92.
Veeva Systems (NYSE:VEEV – Get Free Report) last posted its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.10. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The firm had revenue of $882.95 million during the quarter, compared to analyst estimates of $857.73 million. During the same quarter in the previous year, the firm earned $1.97 EPS. Veeva Systems’s quarterly revenue was up 16.3% compared to the same quarter last year. 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. As a group, analysts forecast that Veeva Systems Inc. will post 6.64 earnings per share for the current fiscal year.
Insider Buying and Selling at Veeva Systems
In related news, insider Thomas D. Schwenger sold 36,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total value of $9,008,280.00. Following the completion of the transaction, the insider directly owned 19,449 shares in the company, valued at $4,866,723.27. The trade was a 64.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by company insiders.
Veeva Systems News Roundup
Here are the key news stories impacting Veeva Systems this week:
- Positive Sentiment: Major Vault CRM customer wins strengthen Veeva’s competitive position. Biogen and Regeneron each committed to Veeva Vault CRM globally. The agreements support adoption of Veeva’s unified, AI-enabled commercial platform and provide further evidence of traction in the biopharmaceutical market. Veeva Vault CRM Selected by Biogen Veeva Vault CRM Selected by Regeneron
- Positive Sentiment: Truist said the wins reinforce Vault CRM’s market-leader status ahead of earnings. The analyst view suggests the customer additions could support future bookings, recurring revenue growth and broader cross-selling across Veeva’s life-sciences cloud products. Veeva’s Vault CRM Wins Reinforce Market-Leader Status Ahead of Earnings, Truist Says
- Positive Sentiment: Analyst sentiment remains favorable. Piper Sandler initiated coverage with an Overweight rating and a $295 price target, while Needham reiterated its Buy rating with a $270 target. Both targets imply additional upside from the referenced share price.
- Neutral Sentiment: Earnings are the immediate catalyst. Investors are looking for continued double-digit growth driven by Vault CRM, Falcon AI and R&D Cloud. The company’s latest reported quarter showed 16.3% year-over-year revenue growth and an earnings beat, raising expectations for another solid performance. What To Expect From Veeva Systems’s Q2 Earnings
- Negative Sentiment: Valuation leaves limited room for disappointment. Veeva trades at roughly 44 times earnings after a substantial rally, so any weakness in guidance, bookings or operating trends could prompt profit-taking. The stock’s decline ahead of results likely reflects investor caution while the market awaits confirmation of growth expectations.
Veeva Systems Profile
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.
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