Veeva Systems Inc. $VEEV Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC grew its holdings in Veeva Systems Inc. (NYSE:VEEV) by 17.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 881,223 shares of the technology company’s stock after buying an additional 132,579 shares during the quarter. William Blair Investment Management LLC’s holdings in Veeva Systems were worth $196,715,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Linden Thomas Advisory Services LLC grew its stake in shares of Veeva Systems by 0.3% in the third quarter. Linden Thomas Advisory Services LLC now owns 12,444 shares of the technology company’s stock worth $3,707,000 after acquiring an additional 35 shares in the last quarter. Personal CFO Solutions LLC grew its stake in shares of Veeva Systems by 3.5% during the third quarter. Personal CFO Solutions LLC now owns 1,163 shares of the technology company’s stock worth $346,000 after purchasing an additional 39 shares in the last quarter. AFT Forsyth & Company Inc. grew its stake in shares of Veeva Systems by 4.2% during the third quarter. AFT Forsyth & Company Inc. now owns 984 shares of the technology company’s stock worth $293,000 after purchasing an additional 40 shares in the last quarter. Williams Jones Wealth Management LLC. grew its stake in shares of Veeva Systems by 0.4% during the third quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after purchasing an additional 40 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Veeva Systems by 0.7% during the third quarter. CIBC Asset Management Inc now owns 6,821 shares of the technology company’s stock worth $2,032,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Priscilla Hung sold 750 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total value of $116,730.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on VEEV. Wall Street Zen downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. UBS Group boosted their target price on shares of Veeva Systems from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Morgan Stanley boosted their target price on shares of Veeva Systems from $205.00 to $215.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 5th. Stifel Nicolaus boosted their target price on shares of Veeva Systems from $212.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Piper Sandler lowered their target price on shares of Veeva Systems from $355.00 to $285.00 and set an “overweight” rating for the company in a research note on Thursday, March 5th. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $276.52.

Veeva Systems Price Performance

Shares of VEEV opened at $160.40 on Friday. Veeva Systems Inc. has a 1-year low of $148.05 and a 1-year high of $310.50. The stock has a market cap of $26.20 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 0.71 and a beta of 0.92. The firm has a fifty day moving average price of $168.39 and a 200 day moving average price of $204.33.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.12. Veeva Systems had a net margin of 28.44% and a return on equity of 13.80%. The firm had revenue of $835.95 million during the quarter, compared to analysts’ expectations of $810.95 million. During the same period in the previous year, the company earned $1.74 earnings per share. Veeva Systems’s quarterly 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 analysts expect that Veeva Systems Inc. will post 6.45 EPS for the current fiscal year.

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.