Bayforest Capital Ltd Invests $816,000 in Veeva Systems Inc. $VEEV

Key Points

• Bayforest Capital Ltd invested approximately $816,000 in Veeva Systems Inc., acquiring 2,834 shares of the company in the 2nd quarter.
• Veeva Systems reported $1.26 EPS in its last earnings announcement, missing the consensus estimate of $1.90, despite a year-over-year revenue increase of 16.7% to $789.08 million.
• Institutional investors currently hold 88.20% of Veeva Systems' stock, indicating strong confidence and support in the company's performance.

Bayforest Capital Ltd bought a new position in Veeva Systems Inc. (NYSE:VEEV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,834 shares of the technology company's stock, valued at approximately $816,000.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Veeva Systems by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company's stock valued at $422,000 after buying an additional 221 shares during the period. Conway Capital Management Inc. bought a new position in Veeva Systems in the 1st quarter worth about $210,000. Janney Montgomery Scott LLC bought a new position in Veeva Systems in the 1st quarter worth about $5,876,000. Sowell Financial Services LLC bought a new position in Veeva Systems in the 1st quarter worth about $274,000. Finally, QRG Capital Management Inc. grew its stake in Veeva Systems by 6.1% in the 1st quarter. QRG Capital Management Inc. now owns 11,036 shares of the technology company's stock worth $2,556,000 after acquiring an additional 634 shares in the last quarter. Institutional investors own 88.20% of the company's stock.

Veeva Systems Trading Down 0.0%

Shares of NYSE VEEV opened at $286.54 on Tuesday. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50. The company has a 50 day simple moving average of $282.93 and a two-hundred day simple moving average of $265.62. The stock has a market cap of $46.97 billion, a price-to-earnings ratio of 58.84, a PEG ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business had revenue of $789.08 million for the quarter, compared to analyst estimates of $768.49 million. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The business's revenue was up 16.7% on a year-over-year basis. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Oppenheimer reissued an "outperform" rating and set a $325.00 target price on shares of Veeva Systems in a research report on Thursday, August 28th. JPMorgan Chase & Co. raised shares of Veeva Systems from a "neutral" rating to an "overweight" rating and raised their target price for the company from $290.00 to $330.00 in a research report on Monday, September 8th. Evercore ISI raised their target price on shares of Veeva Systems from $285.00 to $295.00 and gave the company an "in-line" rating in a research report on Thursday, August 28th. Weiss Ratings reissued a "hold (c+)" rating on shares of Veeva Systems in a research report on Wednesday, October 8th. Finally, Morgan Stanley raised their target price on shares of Veeva Systems from $210.00 to $222.00 and gave the company an "underweight" rating in a research report on Thursday, August 28th. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $307.58.

Insider Activity at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the company's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the transaction, the insider directly owned 23,773 shares in the company, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the company's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the transaction, the insider owned 25,325 shares of the company's stock, valued at $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 in the last three months. Company insiders own 10.30% of the company's stock.

Veeva Systems Company Profile

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.

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