SFE Investment Counsel Invests $230,000 in Veeva Systems Inc. $VEEV

SFE Investment Counsel acquired a new stake in Veeva Systems Inc. (NYSE:VEEV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 798 shares of the technology company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pier 88 Investment Partners LLC acquired a new stake in Veeva Systems in the 2nd quarter valued at about $3,715,000. Acadian Asset Management LLC increased its position in Veeva Systems by 36.8% during the second quarter. Acadian Asset Management LLC now owns 850,020 shares of the technology company’s stock worth $244,748,000 after buying an additional 228,454 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Veeva Systems by 95.8% in the second quarter. Campbell & CO Investment Adviser LLC now owns 12,435 shares of the technology company’s stock valued at $3,581,000 after buying an additional 6,085 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Veeva Systems in the second quarter valued at approximately $8,520,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Veeva Systems by 9.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 137,417 shares of the technology company’s stock worth $39,573,000 after acquiring an additional 11,340 shares during the period. 88.20% of the stock is owned by institutional investors.

Veeva Systems Trading Up 1.4%

VEEV stock opened at $295.23 on Monday. The stock has a market capitalization of $48.39 billion, a P/E ratio of 60.62, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The firm has a 50-day moving average price of $286.40 and a 200-day moving average price of $275.65. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings data on Wednesday, August 27th. The technology company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the company earned $1.62 earnings per share. Veeva Systems’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. As a group, equities analysts predict that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total transaction of $1,839,720.00. Following the sale, the insider directly owned 25,325 shares in the company, valued at approximately $7,765,151.50. The trade was a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jonathan Faddis sold 720 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 7,868 shares of the company’s stock, valued at $2,345,608.16. This represents a 8.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,665 shares of company stock worth $7,438,000 in the last 90 days. Insiders own 10.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on VEEV shares. Oppenheimer restated an “outperform” rating and issued a $325.00 price target on shares of Veeva Systems in a research note on Thursday, August 28th. Truist Financial raised their target price on shares of Veeva Systems from $268.00 to $275.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. upgraded Veeva Systems from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $290.00 to $330.00 in a research note on Monday, September 8th. Barclays upped their price objective on Veeva Systems from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Finally, BTIG Research reiterated a “buy” rating and issued a $340.00 price objective on shares of Veeva Systems in a research note on Friday, October 17th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.58.

Veeva Systems 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.