World Investment Advisors Raises Holdings in Veeva Systems Inc. $VEEV

World Investment Advisors raised its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,723 shares of the technology company’s stock after purchasing an additional 362 shares during the period. World Investment Advisors’ holdings in Veeva Systems were worth $3,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new stake in Veeva Systems in the second quarter worth approximately $29,000. Abound Financial LLC bought a new stake in shares of Veeva Systems in the first quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Veeva Systems in the second quarter worth $32,000. Maseco LLP bought a new stake in shares of Veeva Systems in the second quarter worth $35,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Veeva Systems by 152.9% in 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 period. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Veeva Systems Stock Down 0.4%

Shares of Veeva Systems stock opened at $285.40 on Friday. The stock’s 50-day simple moving average is $285.22 and its 200-day simple moving average is $271.73. Veeva Systems Inc. has a 52 week low of $201.54 and a 52 week high of $310.50. The company has a market capitalization of $46.78 billion, a price-to-earnings ratio of 58.60, a PEG ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business had revenue of $789.08 million during the quarter, compared to analysts’ expectations of $768.49 million. During the same quarter in the previous year, the firm earned $1.62 earnings per share. 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. On average, equities analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares in the company, valued at $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the sale, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,665 shares of company stock worth $7,438,000 in the last three months. Insiders own 10.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Veeva Systems from $300.00 to $326.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. KeyCorp lifted their price objective on Veeva Systems from $285.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Evercore ISI lifted their target price on Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research report on Thursday, August 28th. Mizuho lifted their target price on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Veeva Systems in a research report on Wednesday, October 8th. Seventeen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.58.

Veeva Systems 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.