Q2 EPS Estimates for Veeva Systems Lifted by William Blair

Veeva Systems Inc. (NYSE:VEEV - Free Report) - Stock analysts at William Blair increased their Q2 2026 EPS estimates for Veeva Systems in a research report issued on Thursday, May 29th. William Blair analyst D. Becker now expects that the technology company will earn $1.34 per share for the quarter, up from their previous estimate of $1.24. The consensus estimate for Veeva Systems' current full-year earnings is $4.35 per share.

Veeva Systems (NYSE:VEEV - Get Free Report) last posted its earnings results on Wednesday, May 28th. The technology company reported $1.97 EPS for the quarter, beating analysts' consensus estimates of $1.74 by $0.23. The company had revenue of $759.04 million during the quarter, compared to analysts' expectations of $728.38 million. Veeva Systems had a net margin of 25.07% and a return on equity of 13.56%. Veeva Systems's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share.

VEEV has been the subject of a number of other reports. KeyCorp decreased their price target on Veeva Systems from $260.00 to $250.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Needham & Company LLC lifted their target price on shares of Veeva Systems from $270.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley boosted their target price on shares of Veeva Systems from $201.00 to $210.00 and gave the stock an "underweight" rating in a research report on Thursday, May 29th. Wall Street Zen raised shares of Veeva Systems from a "hold" rating to a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Veeva Systems from $218.00 to $249.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $269.80.

Veeva Systems Stock Up 2.2%

Shares of Veeva Systems stock traded up $6.25 during trading on Monday, reaching $284.88. The company's stock had a trading volume of 1,863,471 shares, compared to its average volume of 1,140,151. Veeva Systems has a 1-year low of $171.10 and a 1-year high of $289.00. The company has a 50-day simple moving average of $231.34 and a two-hundred day simple moving average of $228.27. The company has a market cap of $46.35 billion, a price-to-earnings ratio of 70.34, a P/E/G ratio of 1.89 and a beta of 0.96.

Insider Buying and Selling at Veeva Systems

In other news, SVP Jonathan Faddis sold 787 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $226.20, for a total transaction of $178,019.40. Following the completion of the sale, the senior vice president now owns 8,668 shares of the company's stock, valued at $1,960,701.60. The trade was a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas D. Schwenger sold 1,200 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $220.97, for a total transaction of $265,164.00. Following the transaction, the insider now owns 25,889 shares of the company's stock, valued at approximately $5,720,692.33. This trade represents a 4.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,869 shares of company stock valued at $1,284,917. Corporate insiders own 10.30% of the company's stock.

Institutional Trading of Veeva Systems

Several large investors have recently made changes to their positions in the company. Centricity Wealth Management LLC purchased a new position in shares of Veeva Systems in the fourth quarter worth about $25,000. Abound Financial LLC purchased a new stake in Veeva Systems in the 1st quarter valued at $25,000. ORG Partners LLC acquired a new stake in shares of Veeva Systems in the 1st quarter worth $26,000. Smithfield Trust Co raised its holdings in shares of Veeva Systems by 145.5% during the 4th quarter. Smithfield Trust Co now owns 135 shares of the technology company's stock worth $27,000 after acquiring an additional 80 shares during the period. Finally, Avion Wealth boosted its position in shares of Veeva Systems by 635.0% during the 4th quarter. Avion Wealth now owns 147 shares of the technology company's stock valued at $30,000 after acquiring an additional 127 shares during the last quarter. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Veeva Systems Company 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.