National Pension Service Has $49.01 Million Stake in Veeva Systems Inc. $VEEV

National Pension Service increased its stake in Veeva Systems Inc. (NYSE:VEEV) by 20.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 276,161 shares of the technology company’s stock after purchasing an additional 47,459 shares during the period. National Pension Service’s holdings in Veeva Systems were worth $49,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Williams Jones Wealth Management LLC. increased its position in shares of Veeva Systems by 0.4% during the 3rd quarter. Williams Jones Wealth Management LLC. now owns 9,419 shares of the technology company’s stock worth $2,806,000 after purchasing an additional 40 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Veeva Systems by 0.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,881 shares of the technology company’s stock worth $1,982,000 after acquiring an additional 51 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Veeva Systems by 8.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 719 shares of the technology company’s stock worth $214,000 after acquiring an additional 54 shares during the period. Main Management ETF Advisors LLC boosted its position in Veeva Systems by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 5,481 shares of the technology company’s stock worth $1,224,000 after purchasing an additional 56 shares during the period. Finally, Root Financial Partners LLC increased its holdings in shares of Veeva Systems by 17.1% in the fourth quarter. Root Financial Partners LLC now owns 383 shares of the technology company’s stock valued at $85,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

VEEV has been the subject of several research reports. BNP Paribas Exane restated an “outperform” rating and set a $285.00 price objective on shares of Veeva Systems in a research report on Thursday, June 4th. Stifel Nicolaus set a $300.00 target price on Veeva Systems in a research report on Thursday, August 27th. Wells Fargo & Company reiterated an “overweight” rating and set a $330.00 target price on shares of Veeva Systems in a research note on Tuesday. TD Cowen lifted their price target on Veeva Systems from $235.00 to $283.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Finally, Guggenheim boosted their price target on Veeva Systems from $276.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Nineteen 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $284.88.

Veeva Systems Stock Up 0.5%

Veeva Systems stock opened at $262.30 on Friday. The firm has a 50 day moving average price of $228.50 and a 200-day moving average price of $190.94. Veeva Systems Inc. has a twelve month low of $148.05 and a twelve month high of $310.50. The company has a market capitalization of $42.47 billion, a P/E ratio of 43.14, a P/E/G ratio of 1.12 and a beta of 0.97.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Wednesday, August 26th. The technology company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.12. Veeva Systems had a net margin of 29.34% and a return on equity of 14.25%. The company had revenue of $927.96 million for the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter in the previous year, the firm posted $1.99 EPS. Veeva Systems’s revenue was up 17.6% on a year-over-year basis. 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. Equities analysts expect that Veeva Systems Inc. will post 6.7 EPS for the current fiscal year.

Insider Buying and Selling at Veeva Systems

In other news, Director Priscilla Hung sold 750 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $261.04, for a total transaction of $195,780.00. Following the completion of the transaction, the director owned 3,242 shares in the company, valued at approximately $846,291.68. This represents a 18.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas D. Schwenger sold 10,000 shares of Veeva Systems stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $281.33, for a total value of $2,813,300.00. Following the completion of the sale, the insider directly owned 19,449 shares of the company’s stock, valued at approximately $5,471,587.17. This trade represents a 33.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 46,750 shares of company stock worth $12,017,360. Corporate insiders own 10.60% of the company’s stock.

Veeva Systems Profile

Veeva Systems Inc is a cloud software company that provides technology solutions for the life sciences industry, including pharmaceutical, biotechnology, medical device and related organizations. Its applications are designed to support functions across the product lifecycle, from research and clinical development through regulatory approval, manufacturing, quality management and commercial operations.

The company’s Veeva Vault platform includes applications for clinical data management, electronic trial management, regulatory information, quality processes, safety operations and commercial content management.