Veeva Systems (NYSE:VEEV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Veeva Systems (NYSE:VEEV) from a hold rating to a buy rating in a research report report published on Friday.

A number of other analysts also recently issued reports on VEEV. Evercore ISI lifted their price objective on Veeva Systems from $285.00 to $295.00 and gave the stock an “in-line” rating in a research note on Thursday, August 28th. Raymond James Financial reissued an “outperform” rating and issued a $340.00 target price (up from $310.00) on shares of Veeva Systems in a report on Thursday, August 28th. BTIG Research reaffirmed a “buy” rating and set a $340.00 price target on shares of Veeva Systems in a research note on Friday, November 21st. Oppenheimer reissued an “outperform” rating and issued a $325.00 price objective on shares of Veeva Systems in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. upgraded shares of Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $290.00 to $330.00 in a report on Monday, September 8th. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.88.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $240.30 on Friday. The company has a market cap of $39.39 billion, a P/E ratio of 49.34, a P/E/G ratio of 2.22 and a beta of 0.98. Veeva Systems has a 52-week low of $201.54 and a 52-week high of $310.50. The firm’s fifty day moving average is $284.10 and its two-hundred day moving average is $279.13.

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

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the business’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 completion of the transaction, the insider owned 23,773 shares in the company, valued at $7,132,850.92. The trade was a 12.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jonathan Faddis sold 720 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $298.12, for a total value of $214,646.40. Following the completion of the sale, the senior vice president owned 7,868 shares in the company, valued at approximately $2,345,608.16. The trade was a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is currently owned by insiders.

Institutional Trading of Veeva Systems

Institutional investors and hedge funds have recently made changes to their positions in the business. GPS Wealth Strategies Group LLC increased its stake in Veeva Systems by 196.4% in the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock worth $25,000 after buying an additional 55 shares during the period. Raiffeisen Bank International AG bought a new position in Veeva Systems in the 3rd quarter worth about $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Veeva Systems during the second quarter worth approximately $29,000. OLD Second National Bank of Aurora purchased a new position in shares of Veeva Systems during the third quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Veeva Systems during the second quarter valued at approximately $32,000. 88.20% of the stock is currently owned by institutional investors.

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.