Veeva Systems Inc. (NYSE:VEEV) Forecasted to Earn FY2027 Earnings of $5.28 Per Share

Veeva Systems Inc. (NYSE:VEEV - Free Report) - Analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for Veeva Systems in a research report issued to clients and investors on Thursday, March 21st. Zacks Research analyst R. Department forecasts that the technology company will post earnings of $5.28 per share for the year. The consensus estimate for Veeva Systems' current full-year earnings is $4.03 per share.

Several other brokerages also recently weighed in on VEEV. Piper Sandler raised their price target on Veeva Systems from $220.00 to $245.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. StockNews.com downgraded Veeva Systems from a "buy" rating to a "hold" rating in a report on Wednesday, March 13th. Truist Financial lifted their target price on Veeva Systems from $187.00 to $203.00 and gave the stock a "hold" rating in a report on Friday, March 1st. Barclays lifted their target price on Veeva Systems from $240.00 to $245.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. Finally, Robert W. Baird lifted their target price on Veeva Systems from $245.00 to $251.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $231.90.

Veeva Systems Price Performance

NYSE VEEV traded down $1.36 during trading on Friday, hitting $230.46. The company's stock had a trading volume of 644,775 shares, compared to its average volume of 976,701. The company has a market cap of $37.11 billion, a PE ratio of 71.56, a P/E/G ratio of 2.37 and a beta of 0.74. The business's 50 day simple moving average is $218.09 and its 200-day simple moving average is $201.97. Veeva Systems has a fifty-two week low of $160.21 and a fifty-two week high of $236.90.

Insider Activity

In other news, Director Matthew J. Wallach sold 5,000 shares of the company's stock in a transaction on Friday, January 5th. The stock was sold at an average price of $186.05, for a total value of $930,250.00. Following the transaction, the director now owns 109,025 shares of the company's stock, valued at approximately $20,284,101.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Matthew J. Wallach sold 5,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $186.05, for a total transaction of $930,250.00. Following the transaction, the director now owns 109,025 shares of the company's stock, valued at approximately $20,284,101.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Eleni Nitsa Zuppas sold 4,350 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $192.61, for a total value of $837,853.50. Following the transaction, the chief marketing officer now directly owns 19,057 shares in the company, valued at approximately $3,670,568.77. The disclosure for this sale can be found here. Insiders have sold a total of 29,539 shares of company stock valued at $6,227,083 in the last quarter. Insiders own 10.98% of the company's stock.

Institutional Investors Weigh In On Veeva Systems

Large investors have recently bought and sold shares of the stock. Rovin Capital UT ADV increased its holdings in shares of Veeva Systems by 11.4% in the 4th quarter. Rovin Capital UT ADV now owns 2,585 shares of the technology company's stock valued at $498,000 after acquiring an additional 265 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of Veeva Systems in the 4th quarter valued at about $320,000. Creekmur Asset Management LLC purchased a new position in shares of Veeva Systems in the 4th quarter valued at about $170,000. EP Wealth Advisors LLC purchased a new position in shares of Veeva Systems in the 4th quarter valued at about $202,000. Finally, Cim LLC purchased a new position in shares of Veeva Systems in the 4th quarter valued at about $996,000. Hedge funds and other institutional investors own 80.07% of the company's stock.

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 data 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.