Teacher Retirement System of Texas Sells 40,128 Shares of Veeva Systems Inc. $VEEV

Teacher Retirement System of Texas decreased its holdings in Veeva Systems Inc. (NYSE:VEEV) by 28.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,341 shares of the technology company’s stock after selling 40,128 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Veeva Systems worth $30,786,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wendell David Associates Inc. increased its stake in Veeva Systems by 19.7% in the 3rd quarter. Wendell David Associates Inc. now owns 23,214 shares of the technology company’s stock worth $6,916,000 after buying an additional 3,823 shares during the period. iA Global Asset Management Inc. boosted its position in Veeva Systems by 26.4% in the 3rd quarter. iA Global Asset Management Inc. now owns 3,502 shares of the technology company’s stock valued at $1,043,000 after buying an additional 731 shares during the period. FWG Holdings LLC boosted its position in Veeva Systems by 5.8% in the 3rd quarter. FWG Holdings LLC now owns 2,155 shares of the technology company’s stock valued at $618,000 after buying an additional 118 shares during the period. Leelyn Smith LLC grew its stake in Veeva Systems by 5.1% in the 3rd quarter. Leelyn Smith LLC now owns 9,348 shares of the technology company’s stock worth $2,785,000 after acquiring an additional 451 shares in the last quarter. Finally, Triad Wealth Partners LLC increased its position in shares of Veeva Systems by 13.5% during the third quarter. Triad Wealth Partners LLC now owns 927 shares of the technology company’s stock worth $276,000 after acquiring an additional 110 shares during the period. 88.20% of the stock is owned by hedge funds and other institutional investors.

Veeva Systems Trading Down 1.5%

Shares of NYSE:VEEV opened at $221.87 on Friday. The company has a market capitalization of $36.47 billion, a PE ratio of 43.16, a P/E/G ratio of 1.66 and a beta of 1.07. Veeva Systems Inc. has a 12-month low of $201.54 and a 12-month high of $310.50. The business’s fifty day simple moving average is $232.59 and its 200-day simple moving average is $267.03.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings data on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm had revenue of $0.81 million during the quarter, compared to analysts’ expectations of $792.37 million. During the same period in the prior year, the business posted $1.75 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. Research analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current year.

Veeva Systems announced that its Board of Directors has authorized a stock buyback plan on Monday, January 5th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the technology company to repurchase up to 5.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Veeva Systems

In other news, insider Thomas D. Schwenger sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the sale, the insider directly owned 23,204 shares in the company, valued at approximately $5,370,101.72. This trade represents a 4.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on VEEV shares. Robert W. Baird boosted their price target on Veeva Systems from $314.00 to $319.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Barclays reduced their price objective on Veeva Systems from $325.00 to $305.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. The Goldman Sachs Group started coverage on Veeva Systems in a report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 target price for the company. KeyCorp restated a “sector weight” rating on shares of Veeva Systems in a research note on Friday, December 12th. Finally, Wells Fargo & Company decreased their price objective on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Eighteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $308.04.

Veeva Systems Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.