Schaper Benz & Wise Investment Counsel Inc. WI Acquires 1,232 Shares of Veeva Systems Inc. $VEEV

Key Points

• Schaper Benz & Wise Investment Counsel Inc. has increased its holdings in Veeva Systems by 19.3%, acquiring 1,232 additional shares in Q2, bringing their total ownership to a value of $2,194,000.
• Several hedge funds have also adjusted their positions in Veeva Systems, with Nuveen LLC making a significant investment of approximately $365.7 million in the first quarter.
• Veeva Systems reported Q2 earnings of $1.26 EPS, missing the consensus estimate, while quarterly revenue was up 16.7% year-over-year, amounting to $789.08 million.

Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 19.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,619 shares of the technology company's stock after acquiring an additional 1,232 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI's holdings in Veeva Systems were worth $2,194,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VEEV. Nuveen LLC bought a new position in shares of Veeva Systems during the 1st quarter worth approximately $365,684,000. Price T Rowe Associates Inc. MD grew its stake in shares of Veeva Systems by 20.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,992,372 shares of the technology company's stock valued at $924,754,000 after buying an additional 689,700 shares in the last quarter. Linonia Partnership LP grew its stake in shares of Veeva Systems by 52.7% in the first quarter. Linonia Partnership LP now owns 1,836,557 shares of the technology company's stock valued at $425,402,000 after buying an additional 633,585 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Veeva Systems by 48.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,799,931 shares of the technology company's stock valued at $416,918,000 after buying an additional 585,785 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Veeva Systems by 10.7% in the first quarter. Alliancebernstein L.P. now owns 5,499,651 shares of the technology company's stock valued at $1,273,884,000 after buying an additional 532,269 shares in the last quarter. 88.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems 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 completion of the sale, the insider owned 25,325 shares of the company's stock, valued at approximately $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares of the company's stock, valued at $7,132,850.92. This represents a 12.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,665 shares of company stock valued at $7,438,000 in the last quarter. 10.30% of the stock is currently owned by insiders.

Veeva Systems Price Performance

Shares of Veeva Systems stock opened at $289.50 on Thursday. The business has a fifty day simple moving average of $284.11 and a two-hundred day simple moving average of $268.13. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The company has a market capitalization of $47.45 billion, a price-to-earnings ratio of 59.45, a P/E/G ratio of 2.24 and a beta of 0.98.

Veeva Systems (NYSE:VEEV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (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 period in the prior year, the business earned $1.62 EPS. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. 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 analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

VEEV has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $355.00 target price on shares of Veeva Systems in a research note on Friday, October 17th. Citigroup raised their target price on shares of Veeva Systems from $329.00 to $349.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. UBS Group raised their target price on shares of Veeva Systems from $285.00 to $310.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. 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 note on Thursday, August 28th. Finally, Stifel Nicolaus raised their target price on shares of Veeva Systems from $295.00 to $320.00 and gave the company a "buy" rating in a research note on Thursday, August 28th. Seventeen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $307.58.

Veeva Systems 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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