Mitsubishi UFJ Trust & Banking Corp Has $41.49 Million Stock Position in Veeva Systems Inc. $VEEV

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 58.1% in the 2nd quarter, Holdings Channel reports. The firm owned 144,086 shares of the technology company’s stock after buying an additional 52,948 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Veeva Systems were worth $41,494,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VEEV. Sigma Planning Corp lifted its position in shares of Veeva Systems by 1.2% in the second quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock worth $958,000 after buying an additional 39 shares during the last quarter. Keybank National Association OH raised its stake in shares of Veeva Systems by 1.4% in the 2nd quarter. Keybank National Association OH now owns 3,088 shares of the technology company’s stock valued at $889,000 after acquiring an additional 42 shares in the last quarter. Facet Wealth Inc. lifted its holdings in Veeva Systems by 3.3% in the 2nd quarter. Facet Wealth Inc. now owns 1,342 shares of the technology company’s stock worth $381,000 after purchasing an additional 43 shares during the last quarter. TFB Advisors LLC boosted its position in 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 during the period. Finally, Triangle Securities Wealth Management boosted its position in Veeva Systems by 0.8% during the second quarter. Triangle Securities Wealth Management now owns 5,782 shares of the technology company’s stock worth $1,665,000 after purchasing an additional 45 shares during the period. 88.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VEEV has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Veeva Systems from $295.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Barclays raised their price target on Veeva Systems from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Veeva Systems in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and raised their target price for the company from $290.00 to $330.00 in a report on Monday, September 8th. Finally, UBS Group lifted their price target on Veeva Systems from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Seventeen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $307.28.

Veeva Systems Trading Down 1.8%

VEEV opened at $291.75 on Friday. The stock’s 50 day simple moving average is $288.49 and its 200-day simple moving average is $276.88. The stock has a market cap of $47.82 billion, a PE ratio of 59.91, a P/E/G 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 issued its earnings results on Wednesday, August 27th. The technology company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.64). The firm 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 for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $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 forecast that Veeva Systems Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Veeva Systems

In related news, insider Thomas D. Schwenger sold 3,350 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value 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. The trade was a 12.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan Faddis sold 720 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $298.12, for a total value of $214,646.40. Following the transaction, the senior vice president owned 7,868 shares of the company’s stock, valued at $2,345,608.16. This represents a 8.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 24,665 shares of company stock valued at $7,438,000. 10.30% of the stock is currently owned by corporate insiders.

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.