New Mexico Educational Retirement Board Makes New Investment in Veeva Systems Inc. $VEEV

New Mexico Educational Retirement Board purchased a new stake in Veeva Systems Inc. (NYSE:VEEV) during the second quarter, HoldingsChannel reports. The institutional investor purchased 7,600 shares of the technology company’s stock, valued at approximately $1,349,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SHP Wealth Management bought a new position in shares of Veeva Systems during the fourth quarter worth about $26,000. Arlington Trust Co LLC bought a new stake in Veeva Systems in the 2nd quarter valued at approximately $29,000. Field & Main Bank acquired a new position in Veeva Systems during the 2nd quarter worth approximately $29,000. MV Capital Management Inc. bought a new position in shares of Veeva Systems during the 4th quarter worth approximately $30,000. Finally, Reflection Asset Management bought a new position in shares of Veeva Systems during the 4th quarter worth approximately $32,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on VEEV. Morgan Stanley boosted their price objective on shares of Veeva Systems from $215.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday. Evercore reiterated an “outperform” rating and issued a $185.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. The Goldman Sachs Group cut their price target on shares of Veeva Systems from $190.00 to $165.00 and set a “sell” rating on the stock in a research report on Thursday, June 4th. Zacks Research cut Veeva Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Citigroup lifted their target price on Veeva Systems from $190.00 to $273.00 and gave the company a “neutral” rating in a research report on Friday. Nineteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Veeva Systems has a consensus rating of “Moderate Buy” and a consensus price target of $284.46.

Veeva Systems Stock Performance

Shares of NYSE:VEEV opened at $277.27 on Monday. Veeva Systems Inc. has a 52-week low of $148.05 and a 52-week high of $310.50. The company has a market capitalization of $45.04 billion, a P/E ratio of 45.60, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. The company has a 50-day simple moving average of $208.48 and a 200 day simple moving average of $184.39.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.12. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%.The firm had revenue of $927.96 million for the quarter, compared to analyst estimates of $905.38 million. During the same quarter in the prior year, the company earned $1.99 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. As a group, equities analysts forecast that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

Trending Headlines about Veeva Systems

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

• Positive Sentiment: Beat-and-raise quarter: Veeva reported fiscal Q2 revenue of approximately $928 million, up 17.6% year over year and above expectations. Non-GAAP EPS of $2.35 also exceeded consensus, while next-quarter revenue guidance of about $933.5 million was roughly 1.5% ahead of estimates. VEEV Q2 Deep Dive: AI Expansion, CRM Wins, and Accelerating R&D Cloud Adoption
• Positive Sentiment: AI and CRM momentum: Management highlighted demand for its Falcon AI platform, record Vault CRM execution and increasing adoption of its Commercial Cloud products. The company expects its first Falcon customers to go live this year, supporting the growth outlook. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Shareholder returns and financial strength: Veeva’s $2 billion buyback—of which about $1.4 billion reportedly remains—may offset stock-based compensation and support EPS growth. Approximately $1.8 billion in cash, $5.4 billion in short-term investments and minimal debt provide balance-sheet flexibility.
• Positive Sentiment: Higher bullish targets: Barclays raised its target to $315, RBC to $325, Guggenheim to $310, Truist to $305 and Robert W. Baird to $300, with buy, outperform or overweight ratings. Analyst price-target updates
• Neutral Sentiment: Valuation is demanding: VEEV trades near $277, with a reported P/E ratio of 45.6, leaving less room for execution mistakes after the recent rally.
• Negative Sentiment: Analyst caution and consolidation: Citi maintained a neutral rating with a $273 target, while BMO, Canaccord and Morgan Stanley targets were below the current price. The latest weakness may therefore represent consolidation as investors digest strong results and reassess the stock’s premium valuation.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 36,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the completion of the sale, the insider owned 19,449 shares of the company’s stock, valued at $4,866,723.27. This trade represents a 64.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by corporate insiders.

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.