Legal Advantage Investments Inc. Has $5.80 Million Position in Veeva Systems Inc. $VEEV

Legal Advantage Investments Inc. decreased its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 1.0% in the 2nd quarter, Holdings Channel reports. The fund owned 20,155 shares of the technology company’s stock after selling 200 shares during the quarter. Veeva Systems accounts for approximately 2.7% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 10th biggest position. Legal Advantage Investments Inc.’s holdings in Veeva Systems were worth $5,804,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in VEEV. Abound Financial LLC bought a new stake in shares of Veeva Systems during the first quarter worth $25,000. ORG Partners LLC acquired a new stake in Veeva Systems in the 1st quarter valued at $26,000. Trust Co. of Toledo NA OH acquired a new stake in Veeva Systems in the 2nd quarter valued at $29,000. Golden State Wealth Management LLC increased its stake in Veeva Systems by 152.9% in the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Veeva Systems in the 1st quarter valued at $32,000. Institutional investors own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

VEEV has been the topic of several recent research reports. Morgan Stanley lifted their price target on shares of Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a research note on Thursday, August 28th. KeyCorp lifted 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. Truist Financial lifted their price target on shares of Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. upgraded shares of Veeva Systems from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $290.00 to $330.00 in a research note on Monday, September 8th. Finally, TD Cowen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and lifted their price target for the company from $297.00 to $380.00 in a research note on Tuesday, October 7th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.58.

Veeva Systems Price Performance

Shares of VEEV opened at $287.04 on Friday. The firm has a 50-day moving average of $282.91 and a 200-day moving average of $265.06. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50. The company has a market cap of $47.05 billion, a PE ratio of 58.94, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. During the same period last year, the business earned $1.62 EPS. The business’s revenue was up 16.7% on a year-over-year basis. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Insider Activity

In related news, SVP Jonathan Faddis sold 14,595 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the completion of the sale, the senior vice president owned 8,588 shares of the company’s stock, valued at approximately $2,576,400. The trade was a 62.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas D. Schwenger sold 3,350 shares of Veeva Systems stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider directly owned 23,773 shares of the company’s stock, valued at $7,132,850.92. The trade was a 12.35% decrease in their position. 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 in the last quarter. Company insiders own 10.30% 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 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.