Veeva Systems (NYSE:VEEV) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Veeva Systems (NYSE:VEEV) had its target price lifted by research analysts at Robert W. Baird from $314.00 to $319.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price points to a potential upside of 30.79% from the company’s previous close.

VEEV has been the topic of several other research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Veeva Systems in a research note on Wednesday, October 8th. UBS Group boosted their price objective on shares of Veeva Systems from $285.00 to $310.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Needham & Company LLC restated a “buy” rating and set a $355.00 price target on shares of Veeva Systems in a research note on Friday. TD Cowen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $297.00 to $380.00 in a research note on Tuesday, October 7th. Finally, Morgan Stanley lifted their target price on Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a report on Thursday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $308.64.

Veeva Systems Stock Performance

Shares of NYSE:VEEV opened at $243.91 on Friday. The firm has a market cap of $39.98 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The business has a 50-day simple moving average of $288.39 and a two-hundred day simple moving average of $278.47. Veeva Systems has a fifty-two week low of $201.54 and a fifty-two week high of $310.50.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. The firm had revenue of $811.24 million during the quarter, compared to the consensus estimate of $792.37 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. As a group, research analysts predict that Veeva Systems will post 4.35 earnings per share for the current year.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the company’s 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 transaction, the insider directly owned 23,773 shares in the company, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jonathan Faddis sold 14,595 shares of the company’s 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 directly owned 8,588 shares in the company, valued at $2,576,400. This trade represents a 62.96% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 24,665 shares of company stock valued at $7,438,000. Corporate insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Veeva Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ariadne Wealth Management LP bought a new position in Veeva Systems during the 3rd quarter worth approximately $211,000. Centaurus Financial Inc. lifted its holdings in Veeva Systems by 65.9% in the third quarter. Centaurus Financial Inc. now owns 2,075 shares of the technology company’s stock worth $618,000 after purchasing an additional 824 shares during the period. Caerus Investment Advisors LLC acquired a new position in shares of Veeva Systems during the third quarter valued at approximately $994,000. Captrust Financial Advisors lifted its holdings in shares of Veeva Systems by 37.4% in the third quarter. Captrust Financial Advisors now owns 14,920 shares of the technology company’s stock valued at $4,445,000 after buying an additional 4,059 shares during the period. Finally, Coldstream Capital Management Inc. boosted its position in shares of Veeva Systems by 18.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,796 shares of the technology company’s stock valued at $1,131,000 after purchasing an additional 588 shares in the last quarter. 88.20% of the stock is owned by hedge funds and other institutional investors.

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.