Phoenix Financial Ltd. Takes Position in Veeva Systems Inc. $VEEV

Phoenix Financial Ltd. purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,686 shares of the technology company's stock, valued at approximately $777,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Abound Financial LLC purchased a new position in Veeva Systems in the first quarter valued at about $25,000. Trust Co. of Toledo NA OH purchased a new position in Veeva Systems in the second quarter valued at about $29,000. Golden State Wealth Management LLC grew its stake in Veeva Systems by 152.9% in the first quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company's stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Veeva Systems in the first quarter valued at about $32,000. Finally, Legacy Investment Solutions LLC purchased a new position in Veeva Systems in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 88.20% of the company's stock.

Insider Buying and Selling at Veeva Systems

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

Analyst Ratings Changes

VEEV has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded Veeva Systems from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $290.00 to $330.00 in a research note on Monday, September 8th. Piper Sandler upped their price target on Veeva Systems from $325.00 to $355.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Mizuho upped their price target on Veeva Systems from $295.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Barclays upped their price target on Veeva Systems from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Finally, Oppenheimer reissued an "outperform" rating and issued a $325.00 price target on shares of Veeva Systems in a research report on Thursday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $307.58.

Veeva Systems Stock Performance

NYSE VEEV opened at $289.50 on Thursday. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50. The stock has a market capitalization of $47.45 billion, a PE ratio of 59.45, a P/E/G ratio of 2.24 and a beta of 0.98. The stock has a 50-day simple moving average of $284.11 and a 200 day simple moving average of $268.13.

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

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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