Pembroke Management LTD Makes New Investment in Veeva Systems Inc. $VEEV

Pembroke Management LTD acquired a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the second quarter, Holdings Channel reports. The fund acquired 1,898 shares of the technology company’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. bought a new stake in Veeva Systems in the first quarter valued at approximately $299,000. Cerity Partners LLC grew its holdings in shares of Veeva Systems by 4.2% in the first quarter. Cerity Partners LLC now owns 78,416 shares of the technology company’s stock worth $18,164,000 after purchasing an additional 3,194 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Veeva Systems by 13.8% in the first quarter. Mutual of America Capital Management LLC now owns 3,577 shares of the technology company’s stock worth $829,000 after buying an additional 433 shares during the period. Stephens Investment Management Group LLC raised its holdings in Veeva Systems by 6.2% during the 1st quarter. Stephens Investment Management Group LLC now owns 70,351 shares of the technology company’s stock valued at $16,295,000 after buying an additional 4,087 shares during the last quarter. Finally, CWM LLC raised its holdings in Veeva Systems by 8.3% during the 1st quarter. CWM LLC now owns 8,785 shares of the technology company’s stock valued at $2,035,000 after buying an additional 676 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Insider Activity

In related news, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the sale, the senior vice president owned 7,868 shares of the company’s stock, valued at $2,345,608.16. The trade was a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 24,665 shares of company stock worth $7,438,000. Corporate insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on VEEV. Stifel Nicolaus raised their price target on shares of Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Canaccord Genuity Group raised their target price on Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. Mizuho boosted their price target on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Friday, August 29th. UBS Group increased their price objective on Veeva Systems from $285.00 to $310.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Truist Financial lifted their price objective on Veeva Systems from $268.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Stock Performance

Veeva Systems stock opened at $296.02 on Tuesday. Veeva Systems Inc. has a fifty-two week low of $201.54 and a fifty-two week high of $310.50. The stock’s 50 day simple moving average is $286.94 and its two-hundred day simple moving average is $276.13. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 27th. The technology company reported $1.26 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 firm 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 business earned $1.62 EPS. The company’s revenue for the quarter 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. On average, analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems Company 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.