Harbour Investments Inc. Has $199,000 Stake in Veeva Systems Inc. $VEEV

Harbour Investments Inc. lowered its position in Veeva Systems Inc. (NYSE:VEEV) by 12.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 691 shares of the technology company’s stock after selling 98 shares during the period. Harbour Investments Inc.’s holdings in Veeva Systems were worth $199,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Veeva Systems in the 1st quarter worth approximately $299,000. GAMMA Investing LLC lifted its position in shares of Veeva Systems by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 1,823 shares of the technology company’s stock valued at $422,000 after acquiring an additional 221 shares during the period. Private Trust Co. NA lifted its position in shares of Veeva Systems by 35.0% during the 1st quarter. Private Trust Co. NA now owns 247 shares of the technology company’s stock valued at $57,000 after acquiring an additional 64 shares during the period. Merit Financial Group LLC lifted its position in shares of Veeva Systems by 12.5% during the 2nd quarter. Merit Financial Group LLC now owns 45,247 shares of the technology company’s stock valued at $13,030,000 after acquiring an additional 5,042 shares during the period. Finally, Amalgamated Bank lifted its position in shares of Veeva Systems by 5.0% during the 1st quarter. Amalgamated Bank now owns 10,949 shares of the technology company’s stock valued at $2,536,000 after acquiring an additional 520 shares during the period. Institutional investors and hedge funds own 88.20% of the company’s stock.

Wall Street Analyst Weigh In

VEEV has been the topic of a number of research reports. KeyCorp boosted their target price on shares of Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Evercore ISI boosted their target price on shares of Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research report on Thursday, August 28th. Oppenheimer reiterated an “outperform” rating and set a $325.00 target price on shares of Veeva Systems in a research report on Thursday, August 28th. Needham & Company LLC reiterated a “buy” rating and set a $355.00 target price on shares of Veeva Systems in a research report on Friday, October 17th. Finally, William Blair restated an “outperform” rating on shares of Veeva Systems in a report on Friday, October 17th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $307.58.

Veeva Systems Trading Down 0.1%

VEEV opened at $289.50 on Thursday. The company’s fifty day moving average price is $284.11 and its two-hundred day moving average price is $268.13. Veeva Systems Inc. has a 1-year low of $201.54 and a 1-year high of $310.50. The company has a market cap of $47.45 billion, a price-to-earnings ratio of 59.45, a PEG ratio of 2.24 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.64). Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. During the same quarter in the previous year, the company earned $1.62 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. As a group, equities analysts forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Transactions at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the completion of the sale, the insider owned 25,325 shares in the company, valued at $7,765,151.50. This represents a 19.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jonathan Faddis sold 720 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president owned 7,868 shares of the company’s stock, valued at approximately $2,345,608.16. The trade was a 8.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,665 shares of company stock worth $7,438,000 in the last quarter. 10.30% of the stock is currently owned by corporate insiders.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.