Nomura Asset Management Co. Ltd. Has $13.50 Million Stake in Veeva Systems Inc. $VEEV

Nomura Asset Management Co. Ltd. lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 4.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 46,865 shares of the technology company’s stock after purchasing an additional 1,800 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Veeva Systems were worth $13,496,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other Veeva Systems news, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $298.12, for a total value of $214,646.40. Following the transaction, the senior vice president directly owned 7,868 shares of the company’s stock, valued at $2,345,608.16. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 25,325 shares of the company’s stock, valued at $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 24,665 shares of company stock worth $7,438,000 over the last ninety days. Corporate insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. William Blair restated an “outperform” rating on shares of Veeva Systems in a research report on Friday, October 17th. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Evercore ISI boosted their price target on Veeva Systems from $285.00 to $295.00 and gave the company an “in-line” rating in a research note on Thursday, August 28th. Piper Sandler upped their price objective on Veeva Systems from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Finally, BTIG Research reissued a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a report on Friday, October 17th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $307.28.

Veeva Systems Price Performance

Veeva Systems stock opened at $273.21 on Thursday. The firm has a market cap of $44.78 billion, a PE ratio of 56.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The stock’s fifty day moving average price is $288.57 and its two-hundred day moving average price is $278.53. Veeva Systems Inc. has a one year low of $201.54 and a one year high of $310.50.

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

Veeva Systems Company 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.