Varma Mutual Pension Insurance Co Acquires Shares of 38,200 Veeva Systems Inc. $VEEV

Key Points

• Varma Mutual Pension Insurance Co acquired a new stake of 38,200 shares of Veeva Systems in Q4, valued at about $8.53 million, and overall 88.20% of Veeva stock is owned by hedge funds and other institutional investors.
• Veeva reported a quarterly earnings beat (EPS $2.06 vs. $1.94 est.) with revenue of $835.95M (+16% YoY), and set FY2027 EPS guidance around 8.85 with Q1 2027 guidance of about 2.13–2.14.
• The stock trades near $171.44 (market cap ~$28B) and carries an average analyst rating of “Moderate Buy” with an average price target of $278.70, while insiders own about 10.3% of the shares.

Varma Mutual Pension Insurance Co acquired a new stake in shares of Veeva Systems Inc. (NYSE:VEEV - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 38,200 shares of the technology company's stock, valued at approximately $8,527,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC raised its position in Veeva Systems by 0.3% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 12,444 shares of the technology company's stock worth $3,707,000 after buying an additional 35 shares during the last quarter. Personal CFO Solutions LLC raised its position in Veeva Systems by 3.5% during the 3rd quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company's stock worth $346,000 after buying an additional 39 shares during the last quarter. AFT Forsyth & Company Inc. raised its position in Veeva Systems by 4.2% during the 3rd quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company's stock worth $293,000 after buying an additional 40 shares during the last quarter. Williams Jones Wealth Management LLC. raised its position in Veeva Systems by 0.4% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company's stock worth $2,806,000 after buying an additional 40 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Veeva Systems by 0.7% during the 3rd quarter. CIBC Asset Management Inc now owns 6,821 shares of the technology company's stock worth $2,032,000 after buying an additional 45 shares during the last quarter. 88.20% of the stock is owned by hedge funds and other institutional investors.

Veeva Systems Stock Up 0.7%

Shares of VEEV opened at $171.44 on Wednesday. The company has a 50-day simple moving average of $174.52 and a 200-day simple moving average of $215.44. The company has a market capitalization of $28.00 billion, a PE ratio of 31.69, a P/E/G ratio of 0.76 and a beta of 0.92. Veeva Systems Inc. has a 52-week low of $148.05 and a 52-week high of $310.50.

Veeva Systems (NYSE:VEEV - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.12. The firm had revenue of $835.95 million during the quarter, compared to the consensus estimate of $810.95 million. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.Veeva Systems's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $1.74 EPS. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. On average, research analysts anticipate that Veeva Systems Inc. will post 6.41 EPS for the current year.

Insider Transactions at Veeva Systems

In related news, Director Priscilla Hung sold 750 shares of Veeva Systems stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director directly owned 3,253 shares of the company's stock, valued at approximately $506,296.92. The trade was a 18.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial restated a "buy" rating and set a $262.00 price objective (down from $275.00) on shares of Veeva Systems in a research report on Thursday, March 5th. Canaccord Genuity Group cut their target price on Veeva Systems from $280.00 to $235.00 and set a "hold" rating for the company in a research note on Thursday, March 5th. Citigroup downgraded Veeva Systems from a "buy" rating to a "neutral" rating and cut their target price for the stock from $291.00 to $176.00 in a research note on Friday, April 10th. TD Cowen cut their target price on Veeva Systems from $380.00 to $300.00 and set a "buy" rating for the company in a research note on Thursday, March 5th. Finally, UBS Group increased their target price on Veeva Systems from $200.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $278.70.

Veeva Systems Company Profile

Veeva Systems NYSE: VEEV is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva's product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.

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