New York State Common Retirement Fund Sells 9,375 Shares of Veeva Systems Inc. $VEEV

New York State Common Retirement Fund trimmed its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 3.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,954 shares of the technology company’s stock after selling 9,375 shares during the period. New York State Common Retirement Fund owned approximately 0.15% of Veeva Systems worth $72,270,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in Veeva Systems during the second quarter valued at approximately $32,000. Maseco LLP bought a new stake in Veeva Systems during the second quarter worth $35,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Veeva Systems in the 2nd quarter valued at $41,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Veeva Systems in the 2nd quarter valued at $68,000. 88.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on VEEV shares. Wells Fargo & Company lowered their price target on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group decreased their target price on Veeva Systems from $310.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Stifel Nicolaus boosted their target price on Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Mizuho raised their price target on shares of Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $340.00 price target (up from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $305.88.

Veeva Systems Trading Down 0.2%

Shares of VEEV stock opened at $240.30 on Friday. The business’s 50-day moving average price is $284.10 and its 200-day moving average price is $278.85. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50. The firm has a market capitalization of $39.39 billion, a price-to-earnings ratio of 49.34, a PEG ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.09. The company had revenue of $811.24 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. On average, sell-side analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the completion of the transaction, the insider owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonathan Faddis sold 14,595 shares of Veeva Systems stock in a transaction on 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 in the company, valued at approximately $2,576,400. This trade represents a 62.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is currently owned by company insiders.

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.