LPL Financial LLC increased its position in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 6.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,286 shares of the technology company's stock after acquiring an additional 8,945 shares during the quarter. LPL Financial LLC owned 0.09% of Veeva Systems worth $32,494,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Sowell Financial Services LLC bought a new stake in Veeva Systems in the first quarter worth approximately $274,000. Crossmark Global Holdings Inc. bought a new stake in Veeva Systems in the first quarter worth approximately $299,000. Janney Montgomery Scott LLC bought a new stake in shares of Veeva Systems during the 1st quarter worth $5,876,000. GAMMA Investing LLC boosted its holdings in shares of Veeva Systems by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company's stock worth $422,000 after buying an additional 221 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Veeva Systems by 35.0% during the 1st quarter. Private Trust Co. NA now owns 247 shares of the technology company's stock worth $57,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 88.20% of the company's stock.
Veeva Systems Trading Down 1.1%
Shares of VEEV stock traded down $3.15 on Friday, hitting $281.05. 996,717 shares of the stock were exchanged, compared to its average volume of 1,295,945. The firm has a market capitalization of $45.93 billion, a PE ratio of 59.54, a P/E/G ratio of 2.23 and a beta of 0.95. Veeva Systems Inc. has a one year low of $177.41 and a one year high of $296.72. The firm's 50 day moving average is $280.01 and its two-hundred day moving average is $246.97.
Veeva Systems (NYSE:VEEV - Get Free Report) last issued its earnings results on Wednesday, May 28th. The technology company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.74 by $0.23. Veeva Systems had a return on equity of 13.96% and a net margin of 27.34%. The business had revenue of $759.04 million during the quarter, compared to the consensus estimate of $728.38 million. During the same quarter last year, the company earned $1.50 EPS. The firm's revenue was up 16.7% compared to the same quarter last year. On average, sell-side analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on VEEV. Barclays upped their price objective on shares of Veeva Systems from $285.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Stifel Nicolaus upped their price objective on shares of Veeva Systems from $272.00 to $295.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. KeyCorp upped their price objective on shares of Veeva Systems from $285.00 to $325.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wall Street Zen raised shares of Veeva Systems from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Raymond James Financial upped their price objective on shares of Veeva Systems from $285.00 to $310.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $274.17.
Get Our Latest Report on VEEV
Insider Activity at Veeva Systems
In related news, SVP Jonathan Faddis sold 720 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $285.62, for a total transaction of $205,646.40. Following the transaction, the senior vice president directly owned 7,902 shares of the company's stock, valued at approximately $2,256,969.24. This trade represents a 8.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy S. Cabral sold 315 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $289.72, for a total value of $91,261.80. Following the transaction, the director directly owned 5,500 shares in the company, valued at approximately $1,593,460. This represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,378 shares of company stock valued at $394,217. Corporate insiders own 10.30% of the company's stock.
About Veeva Systems
(
Free Report)
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.
Recommended Stories

Before you consider Veeva Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Veeva Systems wasn't on the list.
While Veeva Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.