Prudential PLC Has $10.86 Million Stake in Veeva Systems Inc. $VEEV

Prudential PLC boosted its holdings in Veeva Systems Inc. (NYSE:VEEV) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,629 shares of the technology company’s stock after purchasing an additional 5,362 shares during the period. Prudential PLC’s holdings in Veeva Systems were worth $10,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Jensen Investment Management Inc. lifted its position in shares of Veeva Systems by 1,924.5% during the 3rd quarter. Jensen Investment Management Inc. now owns 413,213 shares of the technology company’s stock worth $123,100,000 after buying an additional 392,802 shares during the last quarter. Alphinity Investment Management Pty Ltd purchased a new stake in shares of Veeva Systems during the 3rd quarter worth approximately $422,241,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Veeva Systems by 11.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 892,070 shares of the technology company’s stock worth $199,137,000 after buying an additional 90,703 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Veeva Systems by 293.4% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 26,979 shares of the technology company’s stock valued at $8,037,000 after acquiring an additional 20,121 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its holdings in shares of Veeva Systems by 50.2% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 26,541 shares of the technology company’s stock valued at $7,907,000 after acquiring an additional 8,869 shares during the period. Institutional investors own 88.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $285.00 target price on shares of Veeva Systems in a report on Thursday. Stifel Nicolaus cut their target price on shares of Veeva Systems from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday. Barclays cut their target price on shares of Veeva Systems from $250.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday. Truist Financial reaffirmed a “buy” rating and issued a $262.00 target price (down from $275.00) on shares of Veeva Systems in a report on Thursday, March 5th. Finally, Morgan Stanley lifted their target price on shares of Veeva Systems from $205.00 to $215.00 and gave the company an “equal weight” rating in a report on Thursday, March 5th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Veeva Systems presently has an average rating of “Moderate Buy” and a consensus target price of $250.96.

Veeva Systems Stock Performance

Shares of Veeva Systems stock opened at $172.96 on Friday. The company has a market cap of $28.25 billion, a P/E ratio of 30.83, a PEG ratio of 0.79 and a beta of 0.95. Veeva Systems Inc. has a one year low of $148.05 and a one year high of $310.50. The firm has a fifty day moving average of $166.17 and a two-hundred day moving average of $195.74.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Wednesday, June 3rd. The technology company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.10. The company had revenue of $882.95 million during the quarter, compared to the consensus estimate of $857.73 million. Veeva Systems had a net margin of 28.37% and a return on equity of 13.89%. Veeva Systems’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.97 EPS. Veeva Systems has set its FY 2027 guidance at 9.050-9.050 EPS and its Q2 2027 guidance at 2.210-2.220 EPS. As a group, equities analysts predict that Veeva Systems Inc. will post 6.45 earnings per share for the current year.

Insider Buying and Selling

In other Veeva Systems news, Director Priscilla Hung sold 750 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $155.64, for a total transaction of $116,730.00. Following the completion of the transaction, the director owned 3,253 shares in the company, valued at approximately $506,296.92. This represents a 18.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 10.60% of the company’s stock.

Trending Headlines about Veeva Systems

Here are the key news stories impacting Veeva Systems this week:

• Positive Sentiment: Veeva beat Q1 earnings and revenue estimates, with EPS of $2.24 and revenue of $882.9 million, while also raising its fiscal 2027 outlook. Veeva Systems beats estimates on AI progress
• Positive Sentiment: Management highlighted AI momentum, including Falcon AI agents, CRM migration wins, and the Ostro acquisition, suggesting new growth drivers beyond the core platform. Veeva Systems Q1 Earnings Call Highlights AI Push & Higher Outlook
• Positive Sentiment: Several brokers remained constructive, including Barclays, Oppenheimer, RBC, Needham, BTIG, and Robert W. Baird, many of which kept buy/outperform ratings and elevated price targets. Veeva Systems (VEEV) Receives a Buy from Barclays
• Neutral Sentiment: Citigroup raised its target to $190 and maintained a neutral stance, while UBS and Canaccord also trimmed targets but stayed at neutral/hold, reflecting a more mixed Street view. Analyst updates
• Negative Sentiment: Despite the beat-and-raise quarter, the stock sold off as investors likely questioned how much of the AI optimism is already priced in and whether legacy CRM migration dynamics could pressure growth. Is Veeva Stock Undervalued At $170?
• Negative Sentiment: Goldman Sachs cut its price target to $165 and kept a sell rating, adding to the cautious tone around the name. Veeva Systems price target lowered by Goldman Sachs

Veeva Systems Company Profile

Veeva Systems (NYSE: VEEV) is a cloud software company that develops industry-specific applications and data solutions for the global life sciences sector. Founded in 2007 and headquartered in Pleasanton, California, Veeva focuses on helping pharmaceutical, biotechnology, medical device and consumer health companies manage regulated content, clinical and regulatory processes, quality systems, and commercial operations in a compliant, cloud-native environment. The company completed its initial public offering in 2013 and has since expanded its product suite and international footprint.

Veeva’s product portfolio centers on its Vault platform and related application suites, which provide content and data management, clinical trial and regulatory workflows, quality management, and structured commercial capabilities such as customer relationship management and promotional content management.