Wellington Management Group LLP Cuts Stock Position in Veeva Systems Inc. $VEEV

Wellington Management Group LLP lessened its holdings in Veeva Systems Inc. (NYSE:VEEV) by 53.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 714,054 shares of the technology company’s stock after selling 830,203 shares during the period. Wellington Management Group LLP’s holdings in Veeva Systems were worth $126,723,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. SHP Wealth Management purchased a new position in shares of Veeva Systems in the 4th quarter worth $26,000. Arlington Trust Co LLC purchased a new stake in shares of Veeva Systems during the 2nd quarter valued at about $29,000. MV Capital Management Inc. bought a new position in shares of Veeva Systems in the 4th quarter valued at about $30,000. Reflection Asset Management purchased a new position in Veeva Systems in the fourth quarter worth about $32,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in Veeva Systems in the fourth quarter worth about $33,000. Institutional investors own 88.20% of the company’s stock.

Veeva Systems News Summary

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

• Positive Sentiment: Veeva announced Veeva Falcon Safety, an agentic safety-operations product designed to automate adverse-event intake, case processing, and follow-up across all E2B-compliant safety systems and intake channels. The offering could reduce costs, accelerate workflows, and strengthen compliance for biopharmaceutical customers. Veeva Falcon Safety announcement
• Positive Sentiment: Recent results remain a support for the stock: Veeva reported quarterly revenue of approximately $928 million, up 17.6% year over year, and EPS of $2.35 versus the $2.23 consensus estimate. Management’s call highlighted accelerating Vault CRM adoption and sustained growth. Veeva Q2 2027 earnings call transcript
• Neutral Sentiment: Michael Burry trimmed his Veeva position after the stock nearly doubled, reportedly following a trade-management rule to take profits. The move may attract attention, but it appears to reflect portfolio management rather than a specific deterioration in Veeva’s business outlook. Michael Burry trims Veeva position
• Negative Sentiment: Insider Thomas Schwenger sold 10,000 shares for approximately $2.8 million, reducing his direct stake by about 34%. Because the sale was conducted under a pre-arranged Rule 10b5-1 plan, it is a relatively limited bearish signal, but it can still weigh on sentiment following Veeva’s sharp rally. Veeva insider sale
• Negative Sentiment: With Veeva trading near its 12-month high and at roughly 46 times earnings, investors may be locking in gains and demanding continued strong execution. Profit-taking by prominent investors and the insider sale provide near-term selling pressure despite the company’s favorable growth profile.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Raymond James Financial restated an “outperform” rating and set a $225.00 price objective on shares of Veeva Systems in a research report on Thursday, June 4th. Jefferies Financial Group reissued a “buy” rating and set a $295.00 target price on shares of Veeva Systems in a research report on Thursday, August 27th. Canaccord Genuity Group raised their price target on Veeva Systems from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 27th. The Goldman Sachs Group dropped their price objective on shares of Veeva Systems from $190.00 to $165.00 and set a “sell” rating for the company in a research note on Thursday, June 4th. Finally, Morgan Stanley boosted their price objective on shares of Veeva Systems from $215.00 to $275.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Veeva Systems currently has an average rating of “Moderate Buy” and a consensus target price of $284.46.

Insider Buying and Selling

In other news, insider Thomas D. Schwenger sold 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the transaction, the insider directly owned 19,449 shares of the company’s stock, valued at approximately $4,866,723.27. This trade represents a 64.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by corporate insiders.

Veeva Systems Trading Down 2.2%

NYSE:VEEV opened at $279.34 on Wednesday. The company has a market cap of $45.38 billion, a price-to-earnings ratio of 45.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.97. Veeva Systems Inc. has a twelve month low of $148.05 and a twelve month high of $310.50. The stock has a fifty day simple moving average of $213.52 and a 200-day simple moving average of $185.80.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The firm had revenue of $927.96 million for the quarter, compared to analysts’ expectations of $905.38 million. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 earnings per share. 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 research analysts predict that Veeva Systems Inc. will post 6.7 EPS for the current fiscal year.

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.