Veeva Systems Inc. $VEEV Position Reduced by Y.D. More Investments Ltd

Y.D. More Investments Ltd trimmed its position in Veeva Systems Inc. (NYSE:VEEV) by 29.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,111 shares of the technology company’s stock after selling 4,305 shares during the period. Y.D. More Investments Ltd’s holdings in Veeva Systems were worth $1,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Williams Jones Wealth Management LLC. grew its holdings in Veeva Systems by 0.4% during the third quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after acquiring an additional 40 shares during the period. Personal CFO Solutions LLC raised its position in Veeva Systems by 4.3% in the fourth quarter. Personal CFO Solutions LLC now owns 1,213 shares of the technology company’s stock worth $271,000 after acquiring an additional 50 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in Veeva Systems by 0.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,881 shares of the technology company’s stock valued at $1,982,000 after acquiring an additional 51 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Veeva Systems by 8.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 719 shares of the technology company’s stock valued at $214,000 after purchasing an additional 54 shares in the last quarter. Finally, Northwest Wealth Management LLC boosted its position in shares of Veeva Systems by 6.1% during the 4th quarter. Northwest Wealth Management LLC now owns 956 shares of the technology company’s stock valued at $213,000 after purchasing an additional 55 shares in the last quarter. 88.20% of the stock is owned by institutional investors.

Veeva Systems Price Performance

VEEV stock opened at $190.27 on Monday. The firm has a market capitalization of $30.91 billion, a P/E ratio of 33.92, a P/E/G ratio of 0.82 and a beta of 0.94. Veeva Systems Inc. has a 52-week low of $148.05 and a 52-week high of $310.50. The company’s 50 day simple moving average is $168.68 and its 200-day simple moving average is $183.56.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.10. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The firm had revenue of $882.95 million during the quarter, compared to analyst estimates of $857.73 million. During the same quarter last year, the business posted $1.97 EPS. The company’s revenue was up 16.3% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. Sell-side analysts predict that Veeva Systems Inc. will post 6.65 EPS for the current fiscal year.

Insider Buying and Selling at Veeva Systems

In other news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the transaction, the director owned 3,253 shares in the company, valued at approximately $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.

Wall Street Analyst Weigh In

VEEV has been the subject of several recent research reports. Evercore reissued an “outperform” rating and set a $185.00 target price on shares of Veeva Systems in a research note on Thursday, June 4th. Zacks Research lowered shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. Canaccord Genuity Group cut their price objective on Veeva Systems from $235.00 to $220.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Finally, BTIG Research reissued a “buy” rating and set a $340.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Veeva Systems has an average rating of “Moderate Buy” and an average price target of $250.96.

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.