Koss Olinger Consulting LLC Cuts Stock Position in Veeva Systems Inc. $VEEV

Koss Olinger Consulting LLC decreased its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 2.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,697 shares of the technology company’s stock after selling 205 shares during the period. Koss Olinger Consulting LLC’s holdings in Veeva Systems were worth $2,505,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of VEEV. Abound Financial LLC purchased a new stake in shares of Veeva Systems during the first quarter worth about $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Veeva Systems during the second quarter worth about $29,000. Golden State Wealth Management LLC grew its stake in shares of Veeva Systems by 152.9% during the first quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Veeva Systems during the first quarter worth about $32,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Veeva Systems during the second quarter worth about $32,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems Trading Up 0.6%

Shares of NYSE:VEEV opened at $293.11 on Monday. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The company has a market capitalization of $48.04 billion, a PE ratio of 60.19, a PEG ratio of 2.26 and a beta of 0.98. The business has a 50 day moving average of $284.70 and a two-hundred day moving average of $270.03.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. During the same period in the previous year, the firm posted $1.62 earnings per share. The company’s revenue was up 16.7% compared to the same quarter last year. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Equities research analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VEEV shares. Citigroup boosted their price target on Veeva Systems from $329.00 to $349.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Wall Street Zen raised Veeva Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. TD Cowen raised Veeva Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from $297.00 to $380.00 in a report on Tuesday, October 7th. Mizuho lifted their target price on Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $325.00 target price on shares of Veeva Systems in a report on Thursday, August 28th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $307.58.

Insider Buying and Selling at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 14,595 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total value of $4,378,500.00. Following the completion of the transaction, the senior vice president directly owned 8,588 shares of the company’s stock, valued at approximately $2,576,400. The trade was a 62.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total value of $1,005,134.00. Following the completion of the transaction, the insider directly owned 23,773 shares of the company’s stock, valued at $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is owned by company insiders.

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.