Veeva Systems Inc. $VEEV Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Veeva Systems Inc. (NYSE:VEEV) by 56.0% during the 1st quarter, Holdings Channel reports. The institutional investor owned 74,189 shares of the technology company’s stock after acquiring an additional 26,620 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Veeva Systems were worth $13,032,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VEEV. Norges Bank purchased a new position in Veeva Systems during the fourth quarter worth about $332,412,000. Durable Capital Partners LP purchased a new stake in shares of Veeva Systems in the 2nd quarter valued at approximately $281,351,000. AQR Capital Management LLC raised its stake in shares of Veeva Systems by 31.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,412,210 shares of the technology company’s stock valued at $706,078,000 after acquiring an additional 574,164 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Veeva Systems by 43.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,593,795 shares of the technology company’s stock worth $279,970,000 after acquiring an additional 483,720 shares during the last quarter. Finally, Greenoaks Capital Partners LLC lifted its holdings in shares of Veeva Systems by 198.2% in the 4th quarter. Greenoaks Capital Partners LLC now owns 694,926 shares of the technology company’s stock worth $155,128,000 after acquiring an additional 461,908 shares during the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Price Performance

Shares of NYSE VEEV opened at $192.40 on Friday. The company has a market cap of $31.25 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 0.83 and a beta of 0.94. The stock’s 50-day moving average is $165.52 and its two-hundred day moving average is $184.82. Veeva Systems Inc. has a 1-year low of $148.05 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.10. The business had revenue of $882.95 million during the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a return on equity of 13.72% and a net margin of 28.37%.The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 earnings per share. 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. Equities research analysts anticipate that Veeva Systems Inc. will post 6.65 earnings per share for the current fiscal year.

Insider Activity at Veeva Systems

In other news, Director Priscilla Hung sold 750 shares of the firm’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 sale, the director directly owned 3,253 shares in the company, valued at approximately $506,296.92. This trade represents a 18.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 10.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of Veeva Systems in a research report on Tuesday, March 10th. Wells Fargo & Company raised their target price on Veeva Systems from $317.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, June 4th. Oppenheimer reiterated an “outperform” rating and set a $225.00 price target on shares of Veeva Systems in a research note on Thursday, June 4th. UBS Group cut their price target on shares of Veeva Systems from $220.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Finally, BNP Paribas Exane reissued an “outperform” rating and set a $285.00 price target on shares of Veeva Systems in a research report on Thursday, June 4th. Eighteen 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.96.

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.