8,970 Shares in Veeva Systems Inc. $VEEV Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new stake in Veeva Systems Inc. (NYSE:VEEV) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,970 shares of the technology company’s stock, valued at approximately $2,560,000.

Several other large investors have also recently added to or reduced their stakes in VEEV. Czech National Bank acquired a new stake in shares of Veeva Systems during the 2nd quarter valued at about $7,584,000. Vulcan Value Partners LLC bought a new stake in Veeva Systems during the second quarter worth approximately $3,769,000. East Coast Asset Management LLC. acquired a new position in Veeva Systems in the 1st quarter valued at $1,665,000. Westwind Capital bought a new position in Veeva Systems in the 3rd quarter worth $1,684,000. Finally, Rockland Trust Co. raised its holdings in Veeva Systems by 21.4% in the 2nd quarter. Rockland Trust Co. now owns 173,760 shares of the technology company’s stock worth $30,837,000 after acquiring an additional 30,678 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Price Performance

Shares of NYSE:VEEV opened at $323.31 on Friday. The company has a market capitalization of $52.35 billion, a price-to-earnings ratio of 53.18, a P/E/G ratio of 1.38 and a beta of 0.93. The firm’s 50 day simple moving average is $277.66 and its 200 day simple moving average is $213.05. Veeva Systems Inc. has a fifty-two week low of $148.05 and a fifty-two week high of $325.99.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The business had revenue of $927.96 million during the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter in the prior year, the company earned $1.99 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. Equities research analysts expect that Veeva Systems Inc. will post 6.70 earnings per share for the current year.

Insider Transactions at Veeva Systems

In related news, Director Priscilla Hung sold 750 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $261.04, for a total transaction of $195,780.00. Following the completion of the transaction, the director directly owned 3,242 shares in the company, valued at approximately $846,291.68. This trade represents a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jonathan Faddis sold 5,198 shares of Veeva Systems stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $299.72, for a total value of $1,557,944.56. Following the completion of the sale, the senior vice president directly owned 4,130 shares in the company, valued at approximately $1,237,843.60. This represents a 55.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 56,789 shares of company stock worth $14,913,889. Company insiders own 10.60% of the company’s stock.

Wall Street Analysts Forecast Growth

VEEV has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Veeva Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Royal Bank Of Canada boosted their price target on Veeva Systems from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Jefferies Financial Group restated a “buy” rating and set a $295.00 target price on shares of Veeva Systems in a research report on Thursday, August 27th. Finally, Mizuho lifted their target price on shares of Veeva Systems from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $287.79.

Veeva Systems Company Profile

Veeva Systems Inc is a cloud software company that develops technology for the life sciences industry. Its customers include pharmaceutical, biotechnology, medical device and other healthcare companies that use Veeva’s applications to manage commercial, clinical, regulatory, quality and operational processes.

The company’s Veeva Vault platform provides cloud applications for areas such as clinical data management, electronic trial management, regulatory information, quality management, safety and content management.