Picton Mahoney Asset Management Makes New $1.06 Million Investment in Veeva Systems Inc. $VEEV

Picton Mahoney Asset Management acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEV) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,564 shares of the technology company’s stock, valued at approximately $1,062,000.

Other hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky grew its position in Veeva Systems by 2.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 24,886 shares of the technology company’s stock worth $7,414,000 after buying an additional 500 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of Veeva Systems by 67.5% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 9,744 shares of the technology company’s stock worth $2,889,000 after acquiring an additional 3,925 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Veeva Systems during the 3rd quarter worth approximately $6,435,000. Family Wealth Partners LLC acquired a new stake in shares of Veeva Systems during the 3rd quarter worth approximately $221,000. Finally, Elo Mutual Pension Insurance Co increased its position in shares of Veeva Systems by 50.2% during the third quarter. Elo Mutual Pension Insurance Co now owns 26,541 shares of the technology company’s stock valued at $7,907,000 after purchasing an additional 8,869 shares during the period. Institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

VEEV has been the subject of several research reports. The Goldman Sachs Group began coverage on Veeva Systems in a research report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 target price for the company. TD Cowen reduced their price objective on shares of Veeva Systems from $380.00 to $300.00 and set a “buy” rating for the company in a report on Thursday. BTIG Research reiterated a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a research report on Friday, November 21st. JPMorgan Chase & Co. dropped their price target on shares of Veeva Systems from $330.00 to $296.00 and set an “overweight” rating for the company in a research report on Friday, February 20th. Finally, Barclays cut their price target on shares of Veeva Systems from $305.00 to $250.00 and set an “overweight” rating for the company in a research note on Wednesday, February 25th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $284.91.

Veeva Systems Stock Up 4.1%

NYSE:VEEV opened at $196.29 on Friday. The firm has a market cap of $32.27 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09. Veeva Systems Inc. has a 12 month low of $168.13 and a 12 month high of $310.50. The company’s 50-day moving average price is $204.04 and its two-hundred day moving average price is $248.03.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. The company had revenue of $835.95 million during the quarter, compared to analysts’ expectations of $810.95 million. Veeva Systems had a net margin of 28.44% and a return on equity of 14.11%. Veeva Systems’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. On average, research analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Veeva Systems announced that its board has approved a share buyback program on Monday, January 5th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows 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 board of directors believes its stock is undervalued.

Veeva Systems News Roundup

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Q4 beat and raised guidance — Veeva reported Q4 revenue of ~$836M (+16% YoY) and non‑GAAP EPS of $2.06, topping estimates; management issued FY27 and Q1 EPS/revenue guidance above consensus, which is the main catalyst for the stock move. Veeva Announces Fourth Quarter and Fiscal Year 2026 Results
• Positive Sentiment: AI initiatives and product momentum — Analysts and deep‑dive coverage point to expanding AI capabilities and core systems modernization (agentic/AI features and CRM expansion) driving subscription demand and revenue durability. Investors view this as evidence Veeva can outperform broader software AI fears. VEEV Q4 Deep Dive: AI Initiatives and Core Systems Modernization Drive Outperformance
• Positive Sentiment: Support from some analysts — Several firms reaffirmed buys or raised targets after the print (examples include Stifel and Truist), signaling continued institutional confidence despite a mixed overall reactions. Veeva Systems Analyst Says AI Push Keeps Stock Attractive
• Neutral Sentiment: Mixed analyst price‑target moves — The earnings beat prompted a flurry of target changes (some higher, some lower); the net effect is varied positioning rather than a clear consensus upgrade. Watch flows as firms update models. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
• Neutral Sentiment: ETF / positioning chatter — Higher premarket/ETF positioning mentions (e.g., Russell 1000 activity) could amplify intraday moves but don’t change fundamentals. Veeva Systems Sparks Elevated Positioning Chatter In Russell 1000 ETF
• Negative Sentiment: Analyst downgrades and target cuts remain — A number of firms trimmed targets (Piper, Needham, RBC, Canaccord among others) and some flagged decelerating growth/margin pressure; these cuts could cap near‑term upside and increase volatility. These Analysts Cut Their Forecasts On Veeva Systems Following Q4 Results
• Negative Sentiment: Competitive/CRM risks and margin scrutiny — Coverage highlights CRM competition and questions about pace of AI monetization; if CRM wins slow or margins compress, guidance may prove optimistic. Veeva Systems Under Pressure as Earnings Loom Amid CRM Competition

Insider Buying and Selling

In related news, insider Thomas D. Schwenger sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was 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 of the company’s stock, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 10.30% of the company’s stock.

Veeva Systems Company Profile

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.