Veeva Systems Inc. $VEEV Shares Acquired by Ethic Inc.

Ethic Inc. lifted its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,430 shares of the technology company’s stock after purchasing an additional 1,503 shares during the period. Ethic Inc.’s holdings in Veeva Systems were worth $5,223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in shares of Veeva Systems during the 2nd quarter worth approximately $29,000. Abound Financial LLC acquired a new position in shares of Veeva Systems during the 1st quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Veeva Systems during the 2nd quarter worth approximately $32,000. Maseco LLP acquired a new position in shares of Veeva Systems during the 2nd quarter worth approximately $35,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Veeva Systems by 152.9% during the 1st quarter. Golden State Wealth Management LLC now owns 129 shares of the technology company’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. 88.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Veeva Systems

In other news, insider Eleni Nitsa Zuppas sold 6,000 shares of the company’s stock in a transaction on 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 owned 25,325 shares of the company’s stock, valued at approximately $7,765,151.50. This represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan Faddis sold 720 shares of the company’s stock in a transaction 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 in the company, valued at $2,345,608.16. This represents a 8.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,665 shares of company stock valued at $7,438,000 over the last quarter. 10.30% of the stock is owned by company insiders.

Veeva Systems Stock Up 0.6%

Shares of NYSE VEEV opened at $291.66 on Friday. The firm has a market cap of $47.81 billion, a price-to-earnings ratio of 59.89, a PEG ratio of 2.24 and a beta of 0.98. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The business’s 50 day moving average is $284.44 and its two-hundred day moving average is $268.67.

Veeva Systems (NYSE:VEEV) last announced its earnings results 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). The firm had revenue of $789.08 million during the quarter, compared to analysts’ expectations of $768.49 million. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.62 EPS. Veeva Systems has set its Q3 2026 guidance at 1.940-1.950 EPS. FY 2026 guidance at 7.780-7.780 EPS. Analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VEEV has been the topic of a number of recent analyst reports. KeyCorp upped their price objective on Veeva Systems from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Truist Financial upped their price objective on Veeva Systems from $268.00 to $275.00 and gave the company a “hold” rating in a report on Thursday, August 28th. William Blair reiterated an “outperform” rating on shares of Veeva Systems in a report on Friday, October 17th. Morgan Stanley upped their price objective on Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a report on Thursday, August 28th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $325.00 price objective on shares of Veeva Systems in a report on Thursday, August 28th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Veeva Systems has an average rating of “Moderate Buy” and an average target price of $307.58.

About Veeva Systems

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.