Trust Co. of Toledo NA OH Makes New $29,000 Investment in Veeva Systems Inc. $VEEV

Trust Co. of Toledo NA OH acquired a new position in Veeva Systems Inc. (NYSE:VEEV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 100 shares of the technology company’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Veeva Systems by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 14,760,566 shares of the technology company’s stock valued at $3,418,990,000 after buying an additional 315,421 shares during the last quarter. Alliancebernstein L.P. increased its stake in Veeva Systems by 10.7% in the 1st quarter. Alliancebernstein L.P. now owns 5,499,651 shares of the technology company’s stock worth $1,273,884,000 after acquiring an additional 532,269 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Veeva Systems by 0.7% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,203,867 shares of the technology company’s stock worth $1,205,372,000 after purchasing an additional 34,169 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Veeva Systems by 20.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,992,372 shares of the technology company’s stock worth $924,754,000 after purchasing an additional 689,700 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Veeva Systems by 7.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,230,758 shares of the technology company’s stock valued at $748,341,000 after acquiring an additional 225,125 shares during the period. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Activity at Veeva Systems

In related news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan Faddis sold 14,595 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total value of $4,378,500.00. Following the transaction, the senior vice president directly owned 8,588 shares of the company’s stock, valued at approximately $2,576,400. This trade represents a 62.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,665 shares of company stock valued at $7,438,000 in the last 90 days. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Stock Performance

Shares of NYSE:VEEV opened at $286.54 on Tuesday. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The firm has a market capitalization of $46.97 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.22 and a beta of 0.98. The stock has a 50 day moving average price of $282.93 and a 200-day moving average price of $265.62.

Veeva Systems (NYSE:VEEV) last announced its earnings results 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). Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. During the same period in the prior year, the company posted $1.62 EPS. The firm’s revenue was up 16.7% on a year-over-year basis. 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, equities analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Analyst Ratings Changes

VEEV has been the subject of several analyst reports. Wells Fargo & Company increased their target price on Veeva Systems from $300.00 to $326.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Oppenheimer restated an “outperform” rating and set a $325.00 target price on shares of Veeva Systems in a report on Thursday, August 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday, October 8th. Citigroup increased their target price on Veeva Systems from $329.00 to $349.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, Wall Street Zen upgraded Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and an average price target of $307.58.

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.