BI Asset Management Fondsmaeglerselskab A S Acquires 20,121 Shares of Veeva Systems Inc. $VEEV

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 293.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,979 shares of the technology company’s stock after purchasing an additional 20,121 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Veeva Systems were worth $8,037,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sigma Planning Corp raised its stake in shares of Veeva Systems by 1.2% in the second quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock valued at $958,000 after buying an additional 39 shares during the period. Private Trust Co. NA raised its stake in Veeva Systems by 17.1% in the 3rd quarter. Private Trust Co. NA now owns 281 shares of the technology company’s stock valued at $84,000 after acquiring an additional 41 shares during the period. Keybank National Association OH raised its stake in Veeva Systems by 1.4% in the 2nd quarter. Keybank National Association OH now owns 3,088 shares of the technology company’s stock valued at $889,000 after acquiring an additional 42 shares during the period. Apollon Wealth Management LLC lifted its holdings in Veeva Systems by 1.5% during the third quarter. Apollon Wealth Management LLC now owns 2,905 shares of the technology company’s stock valued at $865,000 after purchasing an additional 42 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its position in Veeva Systems by 1.7% during the third quarter. Baron Wealth Management LLC now owns 2,447 shares of the technology company’s stock worth $729,000 after purchasing an additional 42 shares during the period. Institutional investors own 88.20% of the company’s stock.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total transaction of $231,430.00. Following the sale, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.30% of the stock is owned by insiders.

Veeva Systems Stock Performance

NYSE:VEEV opened at $183.74 on Friday. Veeva Systems Inc. has a 52-week low of $182.87 and a 52-week high of $310.50. The stock has a fifty day moving average of $223.46 and a 200 day moving average of $262.27. The firm has a market capitalization of $30.20 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 1.32 and a beta of 1.08.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.09. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $792.37 million. During the same quarter last year, the firm posted $1.75 EPS. The company’s 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 and its Q4 2026 guidance at 1.920-1.920 EPS. Equities analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Veeva Systems announced that its Board of Directors has initiated a stock buyback program on Monday, January 5th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 5.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

VEEV has been the topic of several research reports. Canaccord Genuity Group reissued a “buy” rating on shares of Veeva Systems in a research report on Tuesday, November 25th. Truist Financial upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research note on Thursday, January 8th. Citigroup dropped their target price on Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a research report on Monday, November 24th. BMO Capital Markets started coverage on Veeva Systems in a research report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $330.00 price objective on shares of Veeva Systems in a research note on Monday, November 24th. Eighteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $308.04.

About Veeva Systems

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.