Prudential Financial Inc. Decreases Stake in Veeva Systems Inc. $VEEV

Prudential Financial Inc. trimmed its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 54.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,610 shares of the technology company’s stock after selling 70,904 shares during the period. Prudential Financial Inc.’s holdings in Veeva Systems were worth $16,879,000 at the end of the most recent reporting period.

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

Veeva Systems Trading Up 0.4%

VEEV stock opened at $240.79 on Thursday. The company has a market capitalization of $39.47 billion, a P/E ratio of 49.44, a PEG ratio of 2.22 and a beta of 0.98. The business has a 50 day simple moving average of $285.60 and a 200-day simple moving average of $278.86. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50.

Veeva Systems (NYSE:VEEV) last announced its earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. The business had revenue of $811.24 million for the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 EPS. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. Research analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction that occurred 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 completion of the transaction, the insider owned 25,325 shares in the company, valued at $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 24,665 shares of company stock worth $7,438,000. Company insiders own 10.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VEEV. BMO Capital Markets started coverage on Veeva Systems in a research report on Thursday, November 13th. They set a “market perform” rating and a $300.00 price objective for the company. Wells Fargo & Company decreased their target price on Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a research note on Tuesday. Jefferies Financial Group reiterated a “buy” rating and issued a $330.00 price target on shares of Veeva Systems in a research note on Monday. Canaccord Genuity Group reissued a “buy” rating on shares of Veeva Systems in a report on Tuesday. Finally, TD Cowen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $305.88.

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.