Rock Point Advisors LLC Buys Shares of 12,240 Veeva Systems Inc. $VEEV

Rock Point Advisors LLC bought a new stake in Veeva Systems Inc. (NYSE:VEEV) during the fourth quarter, Holdings Channel reports. The institutional investor bought 12,240 shares of the technology company’s stock, valued at approximately $2,732,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VEEV. Western Pacific Wealth Management LP lifted its position in shares of Veeva Systems by 20.1% in the fourth quarter. Western Pacific Wealth Management LP now owns 455 shares of the technology company’s stock worth $102,000 after buying an additional 76 shares during the last quarter. Argos Wealth Advisors LLC acquired a new stake in shares of Veeva Systems in the fourth quarter worth about $369,000. Strategic Planning Group LLC lifted its position in shares of Veeva Systems by 12.0% in the fourth quarter. Strategic Planning Group LLC now owns 28,102 shares of the technology company’s stock worth $6,273,000 after buying an additional 3,014 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs lifted its position in shares of Veeva Systems by 10.8% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 7,436 shares of the technology company’s stock worth $1,660,000 after buying an additional 724 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its position in shares of Veeva Systems by 36.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,035 shares of the technology company’s stock worth $231,000 after buying an additional 279 shares during the last quarter. Hedge funds and other institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling at Veeva Systems

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

Veeva Systems Stock Performance

NYSE VEEV opened at $159.55 on Wednesday. Veeva Systems Inc. has a twelve month low of $148.05 and a twelve month high of $310.50. The stock has a market capitalization of $26.06 billion, a PE ratio of 29.49, a P/E/G ratio of 0.71 and a beta of 0.92. The stock has a 50-day simple moving average of $173.15 and a 200 day simple moving average of $211.07.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.12. Veeva Systems had a return on equity of 13.80% and a net margin of 28.44%.The business had revenue of $835.95 million during the quarter, compared to analysts’ expectations of $810.95 million. During the same quarter in the previous year, the firm earned $1.74 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. Veeva Systems has set its FY 2027 guidance at 8.850- EPS and its Q1 2027 guidance at 2.130-2.14 EPS. As a group, equities research analysts forecast that Veeva Systems Inc. will post 6.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VEEV has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price target on Veeva Systems from $280.00 to $235.00 and set a “hold” rating for the company in a research report on Thursday, March 5th. The Goldman Sachs Group initiated coverage on Veeva Systems in a research report on Tuesday, January 13th. They issued a “sell” rating and a $215.00 price target for the company. UBS Group boosted their price target on Veeva Systems from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Needham & Company LLC reduced their price target on Veeva Systems from $355.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Finally, Barclays reduced their price target on Veeva Systems from $305.00 to $250.00 and set an “overweight” rating for the company in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $278.70.

Veeva Systems 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.