Sequoia Financial Advisors LLC Purchases 1,999 Shares of Veeva Systems Inc. $VEEV

Key Points

• Sequoia Financial Advisors LLC increased its holdings in Veeva Systems by 10.3% during the second quarter, acquiring an additional 1,999 shares to reach a total of 21,392 shares valued at approximately $6.16 million.
• Multiple analysts have revised their price targets for Veeva Systems, with Mizuho raising it from $295 to $325 and JPMorgan Chase & Co. upgrading the rating from "neutral" to "overweight" with a target of $330.
• Veeva Systems reported $1.26 earnings per share for the last quarter, missing consensus estimates by $0.64, despite a 16.7% year-over-year revenue increase.

Sequoia Financial Advisors LLC boosted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,392 shares of the technology company's stock after acquiring an additional 1,999 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Veeva Systems were worth $6,161,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VEEV. Sowell Financial Services LLC purchased a new position in Veeva Systems in the 1st quarter worth about $274,000. Crossmark Global Holdings Inc. bought a new position in Veeva Systems in the 1st quarter worth about $299,000. Janney Montgomery Scott LLC purchased a new stake in shares of Veeva Systems in the first quarter valued at approximately $5,876,000. GAMMA Investing LLC boosted its holdings in shares of Veeva Systems by 13.8% in the first quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company's stock valued at $422,000 after purchasing an additional 221 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Veeva Systems by 35.0% in the first quarter. Private Trust Co. NA now owns 247 shares of the technology company's stock valued at $57,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 88.20% of the company's stock.

Wall Street Analyst Weigh In

VEEV has been the subject of a number of research analyst reports. Mizuho lifted their target price on Veeva Systems from $295.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Morgan Stanley increased their target price on shares of Veeva Systems from $210.00 to $222.00 and gave the stock an "underweight" rating in a report on Thursday, August 28th. Stifel Nicolaus upped their price target on shares of Veeva Systems from $295.00 to $320.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. BTIG Research upped their price target on shares of Veeva Systems from $335.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised shares of Veeva Systems from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Veeva Systems currently has a consensus rating of "Moderate Buy" and an average target price of $307.58.

Veeva Systems Trading Down 0.0%

NYSE VEEV opened at $286.54 on Tuesday. The firm's fifty day simple moving average is $282.93 and its two-hundred day simple moving average is $265.62. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The firm has a market capitalization of $46.97 billion, a P/E ratio of 58.84, a P/E/G ratio of 2.22 and a beta of 0.98.

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 analysts' consensus estimates of $1.90 by ($0.64). The business had revenue of $789.08 million during 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%.The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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, sell-side analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Activity

In other Veeva Systems news, insider Eleni Nitsa Zuppas sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the sale, the insider owned 25,325 shares of the company's stock, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jonathan Faddis sold 14,595 shares of Veeva Systems stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the sale, the senior vice president owned 8,588 shares of the company's stock, valued at $2,576,400. The trade was a 62.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,665 shares of company stock worth $7,438,000 over the last 90 days. 10.30% of the stock is currently owned by corporate insiders.

About Veeva Systems

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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