Veeva Systems Inc. $VEEV Shares Purchased by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA boosted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 247.4% in the first quarter, HoldingsChannel reports. The firm owned 6,445 shares of the technology company’s stock after buying an additional 4,590 shares during the period. CHICAGO TRUST Co NA’s holdings in Veeva Systems were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of Veeva Systems by 11.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 892,070 shares of the technology company’s stock worth $199,137,000 after buying an additional 90,703 shares in the last quarter. Empire Life Investments Inc. lifted its position in Veeva Systems by 21.1% during the fourth quarter. Empire Life Investments Inc. now owns 37,054 shares of the technology company’s stock worth $8,272,000 after buying an additional 6,453 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Veeva Systems by 4.1% during the third quarter. Alliancebernstein L.P. now owns 5,941,631 shares of the technology company’s stock worth $1,770,071,000 after buying an additional 235,983 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Veeva Systems by 217.2% during the fourth quarter. Farther Finance Advisors LLC now owns 10,470 shares of the technology company’s stock worth $2,337,000 after buying an additional 7,169 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in Veeva Systems by 14.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,110,075 shares of the technology company’s stock valued at $247,817,000 after buying an additional 137,965 shares in the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $116,730.00. Following the completion of the sale, the director owned 3,253 shares of the company’s stock, valued at $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Veeva Systems Price Performance

Veeva Systems stock opened at $184.45 on Thursday. Veeva Systems Inc. has a 1-year low of $148.05 and a 1-year high of $310.50. The company has a market cap of $29.96 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 0.76 and a beta of 0.94. The stock’s 50 day moving average price is $164.44 and its 200 day moving average price is $184.98.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VEEV. Stifel Nicolaus dropped their price target on shares of Veeva Systems from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. BTIG Research reissued a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a research report on Thursday, June 4th. BNP Paribas Exane restated an “outperform” rating and set a $285.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. William Blair reaffirmed an “outperform” rating on shares of Veeva Systems in a research note on Tuesday, March 10th. Finally, Mizuho cut their target price 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. Eighteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Veeva Systems has an average rating of “Moderate Buy” and a consensus price target of $250.96.

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.