Jupiter Asset Management Ltd. Has $27.27 Million Stock Holdings in Veeva Systems Inc. $VEEV

Jupiter Asset Management Ltd. boosted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 44.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,706 shares of the technology company’s stock after acquiring an additional 29,095 shares during the quarter. Jupiter Asset Management Ltd. owned 0.06% of Veeva Systems worth $27,273,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Veeva Systems in the second quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in shares of Veeva Systems in the 2nd quarter worth about $32,000. Maseco LLP acquired a new position in shares of Veeva Systems in the 2nd quarter valued at about $35,000. Ameritas Advisory Services LLC bought a new stake in shares of Veeva Systems during the 2nd quarter valued at about $68,000. Finally, ORG Partners LLC grew its stake in Veeva Systems by 176.3% during the second quarter. ORG Partners LLC now owns 315 shares of the technology company’s stock worth $89,000 after purchasing an additional 201 shares during the period. Institutional investors own 88.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VEEV. JPMorgan Chase & Co. raised shares of Veeva Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $290.00 to $330.00 in a research report on Monday, September 8th. Canaccord Genuity Group raised their price target on shares of Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. BTIG Research reiterated a “buy” rating and issued a $340.00 price target on shares of Veeva Systems in a report on Friday, October 17th. Evercore ISI upped their target price on Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. Finally, Truist Financial raised their target price on Veeva Systems from $268.00 to $275.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $307.58.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction on Thursday, October 2nd. The stock was 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 approximately $7,132,850.92. This trade represents a 12.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $306.62, for a total value of $1,839,720.00. Following the sale, the insider owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is currently owned by insiders.

Veeva Systems Price Performance

Shares of Veeva Systems stock opened at $297.11 on Thursday. The stock has a market cap of $48.70 billion, a price-to-earnings ratio of 61.01, 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. The firm’s 50-day moving average is $288.05 and its 200 day moving average is $276.78.

Veeva Systems (NYSE:VEEV) last released 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 business had revenue of $789.08 million during the quarter, compared to the consensus estimate of $768.49 million. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous 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. On average, equities analysts expect that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Veeva Systems Profile

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.