Calamos Advisors LLC Takes $3.33 Million Position in Veeva Systems Inc. $VEEV

Calamos Advisors LLC acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEV) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,930 shares of the technology company’s stock, valued at approximately $3,325,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SHP Wealth Management acquired a new position in Veeva Systems during the fourth quarter worth about $26,000. Board of the Pension Protection Fund acquired a new stake in shares of Veeva Systems in the 4th quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. grew its holdings in shares of Veeva Systems by 322.6% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 131 shares of the technology company’s stock valued at $29,000 after purchasing an additional 100 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Veeva Systems by 3,175.0% during the 4th quarter. Activest Wealth Management now owns 131 shares of the technology company’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new position in Veeva Systems during the 4th quarter worth approximately $30,000. 88.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VEEV has been the subject of several research reports. Wall Street Zen raised shares of Veeva Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. UBS Group decreased their target price on shares of Veeva Systems from $220.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. BMO Capital Markets lowered their price target on shares of Veeva Systems from $220.00 to $175.00 and set a “market perform” rating for the company in a report on Thursday, June 4th. TD Cowen reiterated a “buy” rating on shares of Veeva Systems in a research note on Thursday, June 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $270.00 price objective on shares of Veeva Systems in a report on Thursday, June 4th. Eighteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Veeva Systems currently has an average rating of “Moderate Buy” and an average price target of $247.74.

Veeva Systems Price Performance

VEEV opened at $193.71 on Thursday. Veeva Systems Inc. has a fifty-two week low of $148.05 and a fifty-two week high of $310.50. The firm has a market capitalization of $31.47 billion, a price-to-earnings ratio of 34.53, a PEG ratio of 0.83 and a beta of 0.94. The company’s 50 day moving average price is $170.48 and its two-hundred day moving average price is $182.95.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.10. The firm had revenue of $882.95 million during the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.97 earnings per share. 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. As a group, equities research analysts predict that Veeva Systems Inc. will post 6.65 EPS for the current year.

Insiders Place Their Bets

In related news, Director Priscilla Hung sold 750 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total value of $116,730.00. Following the completion of the sale, the director directly owned 3,253 shares in the company, valued at $506,296.92. This represents a 18.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by insiders.

Veeva Systems 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.