Zacks Research Boosts Earnings Estimates for Veeva Systems

Key Points

• Zacks Research has raised its Q3 2027 earnings per share estimate for Veeva Systems to $1.47, up from $1.42, while the full-year estimate stands at $4.35 per share.
• Multiple analysts have issued positive ratings and increased price targets for Veeva Systems, with a collective average price target of $301.48.
• Institutional investors currently own 88.20% of Veeva Systems' stock, indicating strong institutional backing for the company.

Veeva Systems Inc. (NYSE:VEEV - Free Report) - Analysts at Zacks Research raised their Q3 2027 earnings per share (EPS) estimates for shares of Veeva Systems in a note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now expects that the technology company will post earnings of $1.47 per share for the quarter, up from their prior estimate of $1.42. The consensus estimate for Veeva Systems' current full-year earnings is $4.35 per share. Zacks Research also issued estimates for Veeva Systems' Q4 2027 earnings at $1.44 EPS.

A number of other equities analysts have also weighed in on VEEV. UBS Group boosted their target price on Veeva Systems from $285.00 to $310.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Truist Financial boosted their target price on Veeva Systems from $268.00 to $275.00 and gave the stock a "hold" rating in a research report on Thursday, August 28th. Oppenheimer reaffirmed an "outperform" rating and set a $325.00 price target on shares of Veeva Systems in a research report on Thursday, August 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $340.00 price target (up previously from $310.00) on shares of Veeva Systems in a research report on Thursday, August 28th. Finally, Mizuho upped their price target on shares of Veeva Systems from $295.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $301.48.

Veeva Systems Trading Down 0.8%

NYSE:VEEV traded down $2.10 during mid-day trading on Friday, reaching $276.98. The company's stock had a trading volume of 2,339,568 shares, compared to its average volume of 1,477,733. Veeva Systems has a 12-month low of $200.30 and a 12-month high of $296.72. The firm's fifty day moving average price is $280.65 and its two-hundred day moving average price is $259.25. The stock has a market cap of $45.40 billion, a P/E ratio of 56.87, a PEG ratio of 2.16 and a beta of 0.95.

Insider Activity at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 720 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $285.62, for a total value of $205,646.40. Following the completion of the transaction, the senior vice president directly owned 7,902 shares in the company, valued at $2,256,969.24. This represents a 8.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Priscilla Hung sold 172 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $283.00, for a total value of $48,676.00. Following the completion of the transaction, the director owned 4,137 shares of the company's stock, valued at $1,170,771. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,063 shares of company stock valued at $302,955 over the last 90 days. 10.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC bought a new position in Veeva Systems in the 1st quarter worth approximately $274,000. Crossmark Global Holdings Inc. bought a new position in Veeva Systems in the 1st quarter worth approximately $299,000. Janney Montgomery Scott LLC bought a new position in Veeva Systems in the 1st quarter worth approximately $5,876,000. GAMMA Investing LLC boosted its stake in Veeva Systems by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company's stock worth $422,000 after purchasing an additional 221 shares during the period. Finally, Private Trust Co. NA boosted its stake in Veeva Systems by 35.0% in the 1st quarter. Private Trust Co. NA now owns 247 shares of the technology company's stock worth $57,000 after purchasing an additional 64 shares during the period. 88.20% of the stock is currently owned by 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.