4,455 Shares in Veeva Systems Inc. $VEEV Acquired by Nikulski Financial Inc.

Nikulski Financial Inc. purchased a new stake in shares of Veeva Systems Inc. (NYSE:VEEV) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,455 shares of the technology company’s stock, valued at approximately $1,272,000.

Other large investors have also recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its holdings in shares of Veeva Systems by 13.8% during the 3rd quarter. Maryland State Retirement & Pension System now owns 9,285 shares of the technology company’s stock valued at $2,650,000 after purchasing an additional 1,127 shares during the last quarter. Advisor Resource Council purchased a new position in Veeva Systems in the 3rd quarter worth $245,000. Ritholtz Wealth Management bought a new stake in Veeva Systems in the third quarter worth $471,000. UNIVEST FINANCIAL Corp bought a new stake in Veeva Systems in the third quarter worth $233,000. Finally, First Command Advisory Services Inc. bought a new stake in Veeva Systems in the third quarter worth $212,000. 88.20% of the stock is owned by hedge funds and other institutional investors.

Veeva Systems Stock Down 0.8%

NYSE:VEEV opened at $302.19 on Friday. The firm has a market capitalization of $48.93 billion, a P/E ratio of 49.24, a P/E/G ratio of 1.30 and a beta of 0.89. The company has a fifty day moving average of $291.17 and a 200 day moving average of $213.60. Veeva Systems Inc. has a 52 week low of $148.05 and a 52 week high of $325.99.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. The business had revenue of $927.96 million for the quarter, compared to analyst estimates of $905.38 million. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.99 EPS. Veeva Systems has set its FY 2027 guidance at 9.210-9.210 EPS and its Q3 2027 guidance at 2.330-2.340 EPS. As a group, analysts anticipate that Veeva Systems Inc. will post 6.70 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VEEV shares. Wall Street Zen raised Veeva Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. The Goldman Sachs Group boosted their target price on Veeva Systems from $165.00 to $180.00 in a research note on Thursday, August 27th. Wells Fargo & Company increased their target price on Veeva Systems from $330.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays increased their target price on Veeva Systems from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Finally, Evercore raised their price target on Veeva Systems from $185.00 to $250.00 in a research report on Thursday, October 8th. Nineteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and an average target price of $317.42.

Key Headlines Impacting Veeva Systems

Investors following VEEV have been watching these headlines:

• Positive Sentiment: Wells Fargo raised its price target to $400 from $330 and maintained an Overweight rating, signaling increased confidence in Veeva’s upside. Wells Fargo analyst rating
• Neutral Sentiment: Veeva will report fiscal 2027 third-quarter results after market close on December 3, with a conference call scheduled for that day. The announcement sets a date but provides no new financial results or guidance. Veeva earnings-date announcement
• Neutral Sentiment: The market analysis notes that broad volatility and concerns over AI-related data-center projects contributed to a sharp market selloff, though Veeva’s business is not directly tied to building data centers. This may still affect investor sentiment toward growth stocks.

Insiders Place Their Bets

In other Veeva Systems news, SVP Jonathan Faddis sold 5,198 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The stock was sold at an average price of $299.72, for a total transaction of $1,557,944.56. Following the completion of the transaction, the senior vice president owned 4,130 shares of the company’s stock, valued at $1,237,843.60. This represents a 55.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel J. Rizzo sold 4,841 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $276.51, for a total value of $1,338,584.91. Following the completion of the sale, the executive vice president owned 7,665 shares of the company’s stock, valued at approximately $2,119,449.15. This trade represents a 38.71% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 20,789 shares of company stock valued at $5,905,609 over the last three months. Company insiders own 10.60% of the company’s stock.

Veeva Systems Profile

Veeva Systems Inc. develops cloud-based software, data and consulting services for the life sciences industry. Its customers include pharmaceutical and biotechnology companies, medical device makers and contract research organizations. The company’s products support commercial operations as well as clinical, regulatory, quality and safety activities. Its offerings include Veeva Vault applications for managing documents and business processes, customer relationship management software, and data and analytics services.