Wendell David Associates Inc. Raises Holdings in Veeva Systems Inc. $VEEV

Wendell David Associates Inc. increased its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 8.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,391 shares of the technology company’s stock after purchasing an additional 1,522 shares during the quarter. Wendell David Associates Inc.’s holdings in Veeva Systems were worth $5,584,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in VEEV. GAMMA Investing LLC grew its holdings in Veeva Systems by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company’s stock valued at $422,000 after buying an additional 221 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Veeva Systems in the 1st quarter valued at $5,876,000. Sowell Financial Services LLC purchased a new stake in Veeva Systems in the 1st quarter valued at $274,000. ORG Partners LLC purchased a new stake in Veeva Systems in the 1st quarter valued at $26,000. Finally, Suncoast Equity Management grew its holdings in Veeva Systems by 17.0% in the 1st quarter. Suncoast Equity Management now owns 4,345 shares of the technology company’s stock valued at $1,006,000 after buying an additional 630 shares in the last quarter. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Jonathan Faddis sold 14,595 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the transaction, the senior vice president owned 8,588 shares of the company’s stock, valued at approximately $2,576,400. This represents a 62.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the transaction, the insider directly owned 23,773 shares in the company, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,665 shares of company stock valued at $7,438,000. Corporate insiders own 10.30% of the company’s stock.

Veeva Systems Stock Down 3.0%

Shares of Veeva Systems stock opened at $283.96 on Friday. Veeva Systems Inc. has a 52 week low of $201.54 and a 52 week high of $310.50. The business’s fifty day simple moving average is $283.44 and its 200-day simple moving average is $267.01. The firm has a market cap of $46.54 billion, a PE ratio of 58.31, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last posted 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 for the quarter, compared to analyst estimates of $768.49 million. During the same period in the previous year, the company posted $1.62 EPS. Veeva Systems’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. As a group, equities analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Veeva Systems in a report on Wednesday, October 8th. Mizuho upped their target price on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. William Blair restated an “outperform” rating on shares of Veeva Systems in a report on Friday. KeyCorp upped their price target on Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and upped their price target for the company from $290.00 to $330.00 in a research note on Monday, September 8th. Seventeen investment 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $307.58.

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.