KBC Group NV Raises Holdings in Veeva Systems Inc. $VEEV

KBC Group NV lifted its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 17.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,168 shares of the technology company’s stock after purchasing an additional 8,254 shares during the period. KBC Group NV’s holdings in Veeva Systems were worth $15,887,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in Veeva Systems during the second quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems in the second quarter valued at approximately $32,000. Maseco LLP purchased a new position in shares of Veeva Systems during the second quarter worth approximately $35,000. Ameritas Advisory Services LLC purchased a new position in shares of Veeva Systems during the second quarter worth approximately $68,000. Finally, ORG Partners LLC increased its holdings in shares of Veeva Systems by 176.3% in the 2nd quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock valued at $89,000 after acquiring an additional 201 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays increased their price target on shares of Veeva Systems from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. BTIG Research reaffirmed a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a report on Friday, October 17th. Oppenheimer reissued an “outperform” rating and set a $325.00 price target on shares of Veeva Systems in a report on Thursday, August 28th. Canaccord Genuity Group boosted their price target on Veeva Systems from $270.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Finally, Mizuho upped their price objective on Veeva Systems from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Seventeen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Veeva Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.28.

Insiders Place Their Bets

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the transaction, the insider directly owned 25,325 shares of the company’s stock, valued at $7,765,151.50. This represents a 19.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the transaction, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This represents a 12.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by corporate insiders.

Veeva Systems Stock Down 1.8%

Shares of NYSE:VEEV opened at $291.75 on Friday. Veeva Systems Inc. has a 52 week low of $201.54 and a 52 week high of $310.50. The company has a 50-day moving average price of $288.49 and a 200 day moving average price of $276.88. The company has a market cap of $47.82 billion, a P/E ratio of 59.91, a PEG ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last released its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.64). The business 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. Analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current year.

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.