1,975 Shares of Veeva Systems Inc. $VEEV Bought by United Advisor Group LLC

United Advisor Group LLC bought a new stake in Veeva Systems Inc. (NYSE:VEEV) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,975 shares of the technology company’s stock, valued at approximately $564,000.

Other large investors also recently modified their holdings of the company. Fundsmith LLP acquired a new stake in shares of Veeva Systems during the second quarter worth about $144,955,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Veeva Systems by 203.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 913,281 shares of the technology company’s stock valued at $160,427,000 after purchasing an additional 611,868 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Veeva Systems by 757.5% during the 1st quarter. Pacer Advisors Inc. now owns 485,046 shares of the technology company’s stock valued at $85,203,000 after purchasing an additional 428,478 shares in the last quarter. Ashe Capital Management LP acquired a new position in shares of Veeva Systems in the 2nd quarter valued at approximately $75,232,550. Finally, Principal Financial Group Inc. grew its position in shares of Veeva Systems by 7.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,141,545 shares of the technology company’s stock valued at $727,513,000 after purchasing an additional 271,252 shares during the period. 88.20% of the stock is currently owned by institutional investors.

Veeva Systems Price Performance

Veeva Systems stock opened at $304.23 on Monday. The firm has a 50-day moving average of $289.24 and a 200-day moving average of $211.95. Veeva Systems Inc. has a one year low of $148.05 and a one year high of $325.99. The company has a market cap of $49.26 billion, a price-to-earnings ratio of 50.04, a P/E/G ratio of 1.30 and a beta of 0.89.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, August 26th. The technology company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.12. The company had revenue of $927.96 million during the quarter, compared to analysts’ expectations of $905.38 million. Veeva Systems had a return on equity of 14.25% and a net margin of 29.34%. Veeva Systems’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company 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, sell-side analysts expect that Veeva Systems Inc. will post 6.70 earnings per share for the current year.

Trending Headlines about Veeva Systems

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $365 from $325 and reiterated an “outperform” rating, implying about 20% upside from the cited $304.23 share price. Royal Bank of Canada recommendations
• Positive Sentiment: Needham raised its target to $360 from $310 and maintained a “buy” rating, citing about 18% potential upside from $304.23. Needham recommendations
• Positive Sentiment: Stifel lifted its price target to $340 from $300, adding to the wave of upward target revisions. Stifel raises Veeva price target
• Positive Sentiment: UCB selected Veeva Vault CRM as a core platform for its commercial operations and plans to use industry-specific AI for product launches and customer engagement. The deal supports Veeva’s positioning as a specialized technology provider for life sciences companies. Veeva becomes core CRM choice for major biopharma AI rollout

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer restated an “outperform” rating and set a $325.00 target price (up from $300.00) on shares of Veeva Systems in a report on Thursday, October 15th. Royal Bank Of Canada upped their price target on shares of Veeva Systems from $325.00 to $365.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group upped their price target on shares of Veeva Systems from $165.00 to $180.00 in a report on Thursday, August 27th. Morgan Stanley increased their price objective on shares of Veeva Systems from $215.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 27th. Finally, Evercore raised their price objective on shares of Veeva Systems from $185.00 to $250.00 in a report on Thursday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $309.08.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 36,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $250.23, for a total transaction of $9,008,280.00. Following the sale, the insider directly owned 19,449 shares of the company’s stock, valued at approximately $4,866,723.27. This represents a 64.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 on Friday, October 2nd. The shares were sold at an average price of $276.51, for a total transaction 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 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. Over the last three months, insiders sold 56,789 shares of company stock valued at $14,913,889. 10.60% of the stock is currently owned by company insiders.

About Veeva Systems

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.

Founded in 2007 and headquartered in Pleasanton, California, Veeva serves life sciences companies in markets around the world.