Veeva Systems Inc. $VEEV Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in Veeva Systems Inc. (NYSE:VEEV - Free Report) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,106 shares of the technology company's stock after acquiring an additional 8,355 shares during the period. Asset Management One Co. Ltd.'s holdings in Veeva Systems were worth $19,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in VEEV. Abound Financial LLC acquired a new stake in Veeva Systems during the 1st quarter worth about $25,000. Trust Co. of Toledo NA OH acquired a new stake in Veeva Systems during the 2nd quarter worth about $29,000. Golden State Wealth Management LLC grew its position in Veeva Systems by 152.9% during the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company's stock worth $30,000 after purchasing an additional 78 shares during the period. Wayfinding Financial LLC acquired a new stake in Veeva Systems during the 1st quarter worth about $32,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Veeva Systems during the 2nd quarter worth about $32,000. 88.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Veeva Systems

In related news, insider Eleni Nitsa Zuppas sold 6,000 shares of the business's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the sale, the insider directly owned 25,325 shares of the company's stock, valued at $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jonathan Faddis sold 720 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president directly owned 7,868 shares of the company's stock, valued at approximately $2,345,608.16. This trade represents a 8.38% decrease in their ownership of the stock. 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 over the last ninety days. Insiders own 10.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on VEEV shares. BTIG Research reaffirmed a "buy" rating and set a $340.00 price target on shares of Veeva Systems in a research report on Friday, October 17th. Canaccord Genuity Group raised their target price on Veeva Systems from $270.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, August 28th. KeyCorp raised their price target on shares of Veeva Systems from $285.00 to $325.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Wall Street Zen raised shares of Veeva Systems from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, Mizuho raised their target price on shares of Veeva Systems from $295.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $307.58.

Veeva Systems Trading Up 0.6%

Shares of VEEV stock opened at $293.11 on Friday. The firm has a fifty day moving average price of $284.70 and a 200 day moving average price of $269.66. The company has a market cap of $48.04 billion, a P/E ratio of 60.19, a PEG ratio of 2.27 and a beta of 0.98. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50.

Veeva Systems (NYSE:VEEV - Get Free Report) last issued its earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.64). The firm 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%.The business's revenue for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous 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. On average, equities analysts forecast that Veeva Systems Inc. will post 4.35 EPS for the current year.

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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