Veeva Systems Inc. $VEEV Stock Holdings Increased by Candriam S.C.A.

Candriam S.C.A. raised its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,459 shares of the technology company’s stock after buying an additional 8,109 shares during the quarter. Candriam S.C.A.’s holdings in Veeva Systems were worth $45,225,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VEEV. Sivia Capital Partners LLC increased its holdings in shares of Veeva Systems by 225.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,122 shares of the technology company’s stock valued at $899,000 after acquiring an additional 2,164 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Veeva Systems by 44.5% during the 2nd quarter. Bank of Nova Scotia now owns 5,866 shares of the technology company’s stock valued at $1,689,000 after acquiring an additional 1,806 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Veeva Systems by 34.6% during the second quarter. NewEdge Advisors LLC now owns 8,832 shares of the technology company’s stock worth $2,543,000 after purchasing an additional 2,272 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Veeva Systems by 2.2% during the second quarter. Treasurer of the State of North Carolina now owns 68,950 shares of the technology company’s stock worth $19,856,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its holdings in Veeva Systems by 5.3% in the second quarter. Diversify Wealth Management LLC now owns 11,399 shares of the technology company’s stock worth $3,140,000 after purchasing an additional 575 shares during the period. Institutional investors own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VEEV. Weiss Ratings lowered shares of Veeva Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Veeva Systems in a report on Thursday, June 4th. Canaccord Genuity Group lowered their price objective on shares of Veeva Systems from $235.00 to $220.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price objective on shares of Veeva Systems in a research note on Thursday, June 4th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $270.00 target price on shares of Veeva Systems in a report on Thursday, June 4th. Eighteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Veeva Systems currently has an average rating of “Moderate Buy” and an average price target of $250.96.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $190.27 on Friday. The firm has a market capitalization of $30.91 billion, a PE ratio of 33.92, a P/E/G ratio of 0.82 and a beta of 0.94. Veeva Systems Inc. has a 1-year low of $148.05 and a 1-year high of $310.50. The business’s fifty day moving average price is $168.68 and its two-hundred day moving average price is $183.83.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.10. The company had revenue of $882.95 million during the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 earnings per share. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. Equities research analysts expect that Veeva Systems Inc. will post 6.65 earnings per share for the current fiscal year.

Insider Transactions at Veeva Systems

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director directly owned 3,253 shares of the company’s stock, valued at $506,296.92. The trade was a 18.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.60% of the stock is owned by insiders.

Veeva Systems Company 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.