Veeva Systems (NYSE:VEEV) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Veeva Systems (NYSE:VEEV) released its earnings results on Wednesday. The technology company reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.12, FiscalAI reports. The company had revenue of $927.96 million during the quarter, compared to analyst estimates of $905.38 million. Veeva Systems had a return on equity of 14.37% and a net margin of 29.34%.Veeva Systems’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.99 EPS. Veeva Systems updated its FY 2027 guidance to 9.210-9.210 EPS and its Q3 2027 guidance to 2.330-2.340 EPS.

Here are the key takeaways from Veeva Systems’ conference call:

• Veeva reported a strong second quarter, with revenue of $928 million and non-GAAP operating income of $416 million, both ahead of guidance.
• Customer interest in Falcon’s AI-driven “agentic labor” is high, with five early adopters and initial go-lives expected this year; management said demand currently exceeds its ability to deliver the product.
• Commercial subscription revenue grew about 13% year over year, or double digits excluding Crossix, with broad-based strength across CRM, content, data, Crossix, and Ostro.
• Veeva highlighted strong CRM momentum, including two major top-20 biopharma wins and 12 of the top 20 customers committed to Vault CRM; management also sees potential to win back some customers encountering delays with Salesforce implementations.
• R&D growth is transitioning from established products such as eTMF, CTMS, and QualityDocs toward earlier-stage offerings including EDC, eCOA, RTSM, Safety, and LIMS, which management views as significant long-term opportunities but says have different adoption timelines.

Veeva Systems Stock Up 15.5%

Shares of VEEV stock opened at $282.76 on Friday. The stock has a fifty day moving average of $206.00 and a 200 day moving average of $183.73. Veeva Systems has a 52 week low of $148.05 and a 52 week high of $310.50. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 46.51, a PEG ratio of 1.05 and a beta of 0.92.

Veeva Systems News Summary

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

• Positive Sentiment: Quarterly results exceeded expectations: Fiscal Q2 revenue rose 17.6% year over year to $928.0 million, topping the $905.4 million consensus estimate. Non-GAAP EPS of $2.35 also beat expectations of approximately $2.22-$2.23 and increased from $1.99 a year earlier. Veeva Announces Fiscal 2027 Second Quarter Results
• Positive Sentiment: Raised guidance provided an additional catalyst: Veeva forecast third-quarter revenue of $932 million-$935 million and EPS of $2.33-$2.34, above analyst estimates of $917.9 million and $2.16, respectively. Full-year fiscal 2027 EPS guidance of $9.21 and revenue guidance of roughly $3.7 billion also exceeded consensus expectations. Veeva Systems Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: CRM and AI momentum strengthened the growth narrative: Management highlighted record Vault CRM execution, continued commercial-cloud adoption and rising demand for its Falcon AI offering, with initial Falcon customer deployments expected this year. VEEV Q2 Earnings Call Centers on Falcon and CRM Momentum
• Positive Sentiment: Analysts broadly raised price targets: Barclays, RBC, Guggenheim, Truist and Robert W. Baird increased their targets, with RBC moving to $325 and Barclays to $315; several maintained positive ratings. RBC Raises Veeva Price Target
• Neutral Sentiment: Analyst reaction was not uniformly bullish: UBS and Morgan Stanley retained neutral or equal-weight ratings, while Canaccord maintained a hold rating despite raising its target.
• Negative Sentiment: Several revised targets remain below the current trading level, including BMO’s $270, Canaccord’s $260 and Morgan Stanley’s $275, signaling valuation concerns after the rally.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 36,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total value of $9,008,280.00. Following the completion of the transaction, the insider directly owned 19,449 shares in the company, valued at approximately $4,866,723.27. This represents a 64.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.60% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

Large investors have recently modified their holdings of the stock. J.Safra Asset Management Corp lifted its holdings in Veeva Systems by 2,940.0% in the fourth quarter. J.Safra Asset Management Corp now owns 152 shares of the technology company’s stock worth $34,000 after buying an additional 147 shares during the period. Raiffeisen Bank International AG lifted its stake in shares of Veeva Systems by 59.8% in the 4th quarter. Raiffeisen Bank International AG now owns 155 shares of the technology company’s stock valued at $35,000 after purchasing an additional 58 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Veeva Systems in the 3rd quarter valued at approximately $45,000. Rakuten Securities Inc. boosted its position in shares of Veeva Systems by 56.7% during the second quarter. Rakuten Securities Inc. now owns 163 shares of the technology company’s stock valued at $47,000 after purchasing an additional 59 shares in the last quarter. Finally, Palisade Asset Management LLC bought a new stake in shares of Veeva Systems during the third quarter valued at approximately $66,000. Institutional investors own 88.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VEEV. Piper Sandler lifted their price target on Veeva Systems from $295.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday. BTIG Research restated a “buy” rating and issued a $340.00 target price on shares of Veeva Systems in a report on Thursday, June 4th. Royal Bank Of Canada lifted their target price on shares of Veeva Systems from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday. Needham & Company LLC upped their price target on shares of Veeva Systems from $270.00 to $310.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company increased their price target on shares of Veeva Systems from $317.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, June 4th. Nineteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus target price of $281.00.

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.