BNP Paribas Financial Markets Acquires 63,687 Shares of Veeva Systems Inc. $VEEV

BNP Paribas Financial Markets lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEVFree Report) by 27.1% during the fourth quarter, HoldingsChannel reports. The firm owned 298,806 shares of the technology company’s stock after purchasing an additional 63,687 shares during the quarter. BNP Paribas Financial Markets’ holdings in Veeva Systems were worth $66,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Raiffeisen Bank International AG bought a new stake in Veeva Systems in the 3rd quarter valued at about $28,000. Board of the Pension Protection Fund bought a new stake in Veeva Systems in the 4th quarter valued at about $27,000. Newbridge Financial Services Group Inc. raised its stake in Veeva Systems by 322.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after acquiring an additional 100 shares during the period. Activest Wealth Management raised its stake in Veeva Systems by 3,175.0% in the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock valued at $29,000 after acquiring an additional 127 shares during the period. Finally, BOK Financial Private Wealth Inc. bought a new stake in Veeva Systems in the 4th quarter valued at about $33,000. 88.20% of the stock is currently owned by institutional investors.

Insider Activity at Veeva Systems

In other news, Director Priscilla Hung sold 750 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director owned 3,253 shares of the company’s stock, valued at approximately $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.60% of the company’s stock.

Veeva Systems Trading Up 8.4%

Shares of NYSE VEEV opened at $188.90 on Tuesday. Veeva Systems Inc. has a 12 month low of $148.05 and a 12 month high of $310.50. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 0.77 and a beta of 0.95. The business has a 50-day moving average of $166.44 and a 200-day moving average of $198.31.

Veeva Systems (NYSE:VEEVGet Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.94 by $0.12. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.The company had revenue of $835.95 million during the quarter, compared to analyst estimates of $810.95 million. During the same quarter in the previous year, the firm earned $1.74 earnings per share. Veeva Systems’s 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. On average, analysts predict that Veeva Systems Inc. will post 6.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VEEV shares. Oppenheimer lowered their price objective on Veeva Systems from $275.00 to $225.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Needham & Company LLC lowered their price objective on Veeva Systems from $355.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Zacks Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Truist Financial restated a “buy” rating and issued a $262.00 price objective (down from $275.00) on shares of Veeva Systems in a research note on Thursday, March 5th. Finally, Citigroup cut Veeva Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $291.00 to $176.00 in a research note on Friday, April 10th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $276.52.

Get Our Latest Research Report 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.

See Also

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Institutional Ownership by Quarter for Veeva Systems (NYSE:VEEV)

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