Geode Capital Management LLC Acquires 23,117 Shares of Veeva Systems Inc. $VEEV

Posted by Stanley Muller on May 31st, 2026

Geode Capital Management LLC boosted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV – Free Report) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,172,716 shares of the technology company’s stock after purchasing an additional 23,117 shares during the period. Geode Capital Management LLC’s holdings in Veeva Systems were worth $706,442,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC boosted its stake in Veeva Systems by 225.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock worth $899,000 after purchasing an additional 2,164 shares during the period. Bank of Nova Scotia boosted its stake in Veeva Systems by 44.5% in the 2nd quarter. Bank of Nova Scotia now owns 5,866 shares of the technology company’s stock worth $1,689,000 after purchasing an additional 1,806 shares during the period. NewEdge Advisors LLC boosted its stake in Veeva Systems by 34.6% in the 2nd quarter. NewEdge Advisors LLC now owns 8,832 shares of the technology company’s stock worth $2,543,000 after purchasing an additional 2,272 shares during the period. Treasurer of the State of North Carolina boosted its stake in Veeva Systems by 2.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 68,950 shares of the technology company’s stock worth $19,856,000 after purchasing an additional 1,452 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in Veeva Systems by 5.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 11,399 shares of the technology company’s stock worth $3,140,000 after purchasing an additional 575 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Veeva Systems

Here are the key news stories impacting Veeva Systems this week:

Positive Sentiment: Veeva announced that Kindeva, a global CDMO, is adopting Veeva Quality Cloud to unify sites on a single platform, which supports Veeva’s growth narrative and could boost future recurring software revenue. Why Veeva Systems (VEEV) Stock Is Up Today
Positive Sentiment: Coverage highlighting Veeva versus IQVIA points to strong industry tailwinds from life sciences digitization, with Veeva viewed as benefiting from AI adoption and a premium business model. Veeva vs. IQVIA: Which Life Sciences Tech Stock Holds More Promise?
Neutral Sentiment: Several articles previewed Wall Street’s key metric estimates for Veeva’s upcoming quarter, suggesting investors are watching whether the company can meet growth expectations, but these pieces did not include a new earnings surprise or guidance update. Unveiling Veeva (VEEV) Q1 Outlook: Wall Street Estimates for Key Metrics
Neutral Sentiment: Veeva was also highlighted as a trending stock and covered in analyst-style writeups noting a “Moderate Buy” consensus, which supports attention on the name but does not by itself change fundamentals. Veeva Systems Inc. (NYSE:VEEV) Given Average Recommendation of “Moderate Buy” by Analysts

Insider Activity at Veeva Systems

In other news, Director Priscilla Hung sold 750 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director directly owned 3,253 shares in the company, valued at $506,296.92. This represents a 18.74% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 currently owned by corporate insiders.

Veeva Systems Price Performance

Veeva Systems stock opened at $173.97 on Friday. The firm has a 50-day moving average of $166.38 and a 200-day moving average of $199.77. Veeva Systems Inc. has a one year low of $148.05 and a one year high of $310.50. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 0.77 and a beta of 0.92.

Veeva Systems (NYSE:VEEV – Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. The company had revenue of $835.95 million during the quarter, compared to the consensus estimate of $810.95 million. During the same period in the prior year, the business posted $1.74 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. As a group, sell-side analysts expect that Veeva Systems Inc. will post 6.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VEEV. Truist Financial reaffirmed a “buy” rating and issued a $262.00 target price (down from $275.00) on shares of Veeva Systems in a research note on Thursday, March 5th. Royal Bank Of Canada reduced their target price on shares of Veeva Systems from $330.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Piper Sandler reduced their target price on shares of Veeva Systems from $355.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Needham & Company LLC reduced their target price on shares of Veeva Systems from $355.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Finally, Canaccord Genuity Group reduced their target price on shares of Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, March 5th. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $276.52.

Check Out Our Latest Analysis on VEEV

Veeva Systems 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.