Plato Investment Management Ltd Takes $1.15 Million Position in Veeva Systems Inc. $VEEV

Plato Investment Management Ltd purchased a new stake in Veeva Systems Inc. (NYSE:VEEV) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,529 shares of the technology company’s stock, valued at approximately $1,152,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Investors Research Corp purchased a new stake in Veeva Systems during the second quarter valued at approximately $368,000. Tema ETFs LLC purchased a new position in shares of Veeva Systems in the 2nd quarter worth approximately $590,000. E. Ohman J or Asset Management AB increased its position in shares of Veeva Systems by 2.4% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 153,855 shares of the technology company’s stock valued at $27,305,000 after purchasing an additional 3,631 shares during the last quarter. Focus Financial Network Inc. bought a new position in shares of Veeva Systems during the 2nd quarter valued at approximately $272,000. Finally, HF Advisory Group LLC raised its holdings in Veeva Systems by 22.8% during the 2nd quarter. HF Advisory Group LLC now owns 3,354 shares of the technology company’s stock valued at $595,000 after buying an additional 623 shares during the period. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 36,000 shares of Veeva Systems stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the completion of the sale, the insider owned 19,449 shares of the company’s stock, valued at approximately $4,866,723.27. The trade was a 64.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.60% of the company’s stock.

Veeva Systems Trading Up 2.1%

Shares of VEEV opened at $243.33 on Wednesday. The firm has a fifty day moving average price of $192.90 and a 200-day moving average price of $180.87. The firm has a market capitalization of $39.53 billion, a P/E ratio of 43.37, a P/E/G ratio of 1.05 and a beta of 0.92. Veeva Systems Inc. has a 12-month low of $148.05 and a 12-month high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.14 by $0.10. Veeva Systems had a net margin of 28.37% and a return on equity of 13.72%. The company had revenue of $882.95 million for the quarter, compared to the consensus estimate of $857.73 million. During the same quarter last year, the firm posted $1.97 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. 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. Analysts predict that Veeva Systems Inc. will post 6.65 earnings per share for the current year.

Veeva Systems News Roundup

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Analyst price targets raised: Barclays lifted its target from $235 to $275 and assigned an “overweight” rating. Oppenheimer raised its target from $225 to $300 with an “outperform” rating, while Stifel increased its target from $230 to $275 and issued a “buy” rating. These upgrades indicate improving confidence in Veeva’s growth prospects. Benzinga analyst price-target reports
• Positive Sentiment: Solid operating momentum: Veeva’s latest quarterly results exceeded consensus estimates, with earnings per share of $2.24 versus $2.14 expected and revenue of $882.95 million versus $857.73 million expected. Revenue grew 16.3% year over year, and management provided fiscal 2027 earnings guidance. Veeva Systems financial and earnings information
• Positive Sentiment: Institutional support: Major investors, including Norges Bank, Durable Capital Partners, Arrowstreet Capital, AQR Capital Management and Swedbank, recently established or increased positions. Institutions own approximately 88.2% of outstanding shares, suggesting substantial professional-investor participation.
• Neutral Sentiment: A related article identified Veeva as one of two potentially better investments than privately held SpaceX, which may improve investor attention but does not represent a new company-specific development. Thinking About Buying SpaceX? These 2 Stocks Should Be Better Bets
• Negative Sentiment: Insider selling: Director Thomas Schwenger sold 36,000 shares worth approximately $9.0 million, reducing his stake by 64.9%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, it may be less concerning than discretionary selling, but it could still weigh on sentiment.

Analysts Set New Price Targets

VEEV has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their price target on Veeva Systems from $190.00 to $165.00 and set a “sell” rating for the company in a research report on Thursday, June 4th. Zacks Research cut shares of Veeva Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Canaccord Genuity Group reduced their target price on shares of Veeva Systems from $235.00 to $220.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Robert W. Baird raised their target price on shares of Veeva Systems from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $275.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $253.75.

About Veeva Systems

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.