Oddo BHF Asset Management Sas Has $1.85 Million Stock Position in Veeva Systems Inc. $VEEV

Oddo BHF Asset Management Sas lowered its position in Veeva Systems Inc. (NYSE:VEEV) by 52.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,538 shares of the technology company’s stock after selling 11,753 shares during the period. Oddo BHF Asset Management Sas’ holdings in Veeva Systems were worth $1,851,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sivia Capital Partners LLC lifted its holdings in Veeva Systems by 225.9% during the second quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock worth $899,000 after acquiring an additional 2,164 shares in the last quarter. Bank of Nova Scotia increased its holdings in shares of Veeva Systems by 44.5% in the second quarter. Bank of Nova Scotia now owns 5,866 shares of the technology company’s stock worth $1,689,000 after acquiring an additional 1,806 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Veeva Systems by 34.6% during the second quarter. NewEdge Advisors LLC now owns 8,832 shares of the technology company’s stock worth $2,543,000 after purchasing an additional 2,272 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Veeva Systems by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 68,950 shares of the technology company’s stock worth $19,856,000 after purchasing an additional 1,452 shares during the period. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Veeva Systems by 5.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 11,399 shares of the technology company’s stock valued at $3,140,000 after purchasing an additional 575 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Stock Performance

NYSE:VEEV opened at $202.06 on Friday. The company has a market cap of $32.82 billion, a PE ratio of 36.02, a PEG ratio of 0.89 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 stock has a 50-day simple moving average of $177.69 and a 200 day simple moving average of $180.24.

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

Wall Street Analyst Weigh In

VEEV has been the subject of several research analyst reports. Wall Street Zen upgraded Veeva Systems from a “hold” rating to a “buy” rating in a research report on Sunday, July 26th. Weiss Ratings upgraded shares of Veeva Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Mizuho cut their price target on shares of Veeva Systems from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, June 4th. Raymond James Financial reiterated an “outperform” rating and issued a $225.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. Finally, TD Cowen reissued a “buy” rating on shares of Veeva Systems in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $247.08.

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.