909 Shares in Veeva Systems Inc. $VEEV Acquired by waypoint wealth counsel

waypoint wealth counsel acquired a new position in shares of Veeva Systems Inc. (NYSE:VEEV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 909 shares of the technology company’s stock, valued at approximately $262,000.

Several other large investors have also recently modified their holdings of the company. TFB Advisors LLC increased its position in shares of Veeva Systems by 1.2% during the first quarter. TFB Advisors LLC now owns 3,586 shares of the technology company’s stock worth $831,000 after purchasing an additional 44 shares in the last quarter. Triangle Securities Wealth Management increased its position in Veeva Systems by 0.8% during the 2nd quarter. Triangle Securities Wealth Management now owns 5,782 shares of the technology company’s stock valued at $1,665,000 after buying an additional 45 shares in the last quarter. Marks Group Wealth Management Inc increased its position in Veeva Systems by 3.3% during the 1st quarter. Marks Group Wealth Management Inc now owns 1,427 shares of the technology company’s stock valued at $331,000 after buying an additional 46 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Veeva Systems by 7.6% during the first quarter. Harbour Investments Inc. now owns 789 shares of the technology company’s stock valued at $183,000 after acquiring an additional 56 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Veeva Systems by 4.7% during the second quarter. Parallel Advisors LLC now owns 1,236 shares of the technology company’s stock valued at $356,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

Insider Buying and Selling

In other news, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the sale, the insider owned 23,773 shares of the company’s stock, valued at $7,132,850.92. This trade represents a 12.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the firm’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the sale, the insider owned 25,325 shares in the company, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,665 shares of company stock valued at $7,438,000 over the last ninety days. Company insiders own 10.30% of the company’s stock.

Veeva Systems Price Performance

NYSE:VEEV opened at $287.04 on Friday. The company’s fifty day moving average price is $282.91 and its 200-day moving average price is $265.06. The firm has a market capitalization of $47.05 billion, a P/E ratio of 58.94, a PEG ratio of 2.22 and a beta of 0.98. Veeva Systems Inc. has a 1-year low of $201.54 and a 1-year high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.64). The company had revenue of $789.08 million for the quarter, compared to analyst estimates of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.Veeva Systems’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Equities analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VEEV has been the topic of several recent analyst reports. KeyCorp upped their price objective on shares of Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, July 14th. UBS Group upped their price target on shares of Veeva Systems from $285.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Truist Financial upped their target price on Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Citigroup upped their target price on Veeva Systems from $329.00 to $349.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Veeva Systems in a research report on Wednesday. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and an average price target of $307.58.

About Veeva Systems

Veeva Systems Inc provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva OpenData, a customer reference data solution; Veeva Link, a data application that allows link to generate real-time intelligence; and Veeva Compass includes de-identified and longitudinal patient data for the United States.