5,475 Shares in Veeva Systems Inc. $VEEV Bought by Orser Capital Management LLC

Orser Capital Management LLC purchased a new position in shares of Veeva Systems Inc. (NYSE:VEEV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,475 shares of the technology company’s stock, valued at approximately $1,631,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. boosted its stake in Veeva Systems by 64.2% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 5,167 shares of the technology company’s stock valued at $1,488,000 after purchasing an additional 2,020 shares in the last quarter. Stevens Capital Management LP acquired a new position in Veeva Systems in the 2nd quarter worth approximately $306,000. QRG Capital Management Inc. grew its stake in Veeva Systems by 15.7% during the 2nd quarter. QRG Capital Management Inc. now owns 12,771 shares of the technology company’s stock valued at $3,678,000 after acquiring an additional 1,735 shares in the last quarter. Merit Financial Group LLC increased its stake in Veeva Systems by 12.5% in the 2nd quarter. Merit Financial Group LLC now owns 45,247 shares of the technology company’s stock valued at $13,030,000 after buying an additional 5,042 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Veeva Systems in the second quarter worth $4,420,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Trading Down 1.7%

Shares of VEEV stock opened at $215.66 on Thursday. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The firm’s 50 day moving average is $268.38 and its 200-day moving average is $277.72. The firm has a market capitalization of $35.45 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 1.63 and a beta of 1.05.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The firm had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. During the same quarter in the previous year, the company posted $1.75 EPS. Veeva Systems’s revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. On average, equities research analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on VEEV shares. JPMorgan Chase & Co. upgraded 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. Truist Financial upped their target price on shares of Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. Canaccord Genuity Group reissued a “buy” rating on shares of Veeva Systems in a report on Tuesday, November 25th. Morgan Stanley boosted their target price on Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a report on Thursday, August 28th. Finally, Mizuho increased their price target on Veeva Systems from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $307.42.

Insider Transactions at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 720 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president directly owned 7,868 shares of the company’s stock, valued at approximately $2,345,608.16. The trade was a 8.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 over the last 90 days. 10.30% of the stock is owned by insiders.

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.