Veeva Systems Inc. $VEEV Shares Acquired by KBC Group NV

KBC Group NV boosted its position in Veeva Systems Inc. (NYSE:VEEV) by 17.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,168 shares of the technology company’s stock after buying an additional 8,254 shares during the period. KBC Group NV’s holdings in Veeva Systems were worth $15,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in Veeva Systems by 13.8% in the first quarter. Mutual of America Capital Management LLC now owns 3,577 shares of the technology company’s stock valued at $829,000 after purchasing an additional 433 shares during the last quarter. CWM LLC raised its stake in shares of Veeva Systems by 8.3% during the 1st quarter. CWM LLC now owns 8,785 shares of the technology company’s stock worth $2,035,000 after buying an additional 676 shares during the last quarter. Signaturefd LLC boosted its position in shares of Veeva Systems by 22.1% in the 1st quarter. Signaturefd LLC now owns 1,507 shares of the technology company’s stock worth $349,000 after buying an additional 273 shares in the last quarter. Wealthfront Advisers LLC boosted its position in shares of Veeva Systems by 58.7% in the 1st quarter. Wealthfront Advisers LLC now owns 6,706 shares of the technology company’s stock worth $1,553,000 after buying an additional 2,481 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in Veeva Systems by 71.9% in the 1st quarter. Larson Financial Group LLC now owns 2,984 shares of the technology company’s stock valued at $691,000 after acquiring an additional 1,248 shares during the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

Veeva Systems Stock Performance

Shares of NYSE VEEV opened at $291.75 on Friday. Veeva Systems Inc. has a 1 year low of $201.54 and a 1 year high of $310.50. The firm’s 50 day moving average price is $288.49 and its 200 day moving average price is $276.88. The firm has a market cap of $47.82 billion, a P/E ratio of 59.91, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98.

Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Wednesday, August 27th. The technology company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.64). Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business had revenue of $789.08 million during the quarter, compared to analyst estimates of $768.49 million. During the same quarter last year, the firm posted $1.62 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. 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 year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on VEEV. Needham & Company LLC restated a “buy” rating and set a $355.00 target price on shares of Veeva Systems in a research report on Friday, October 17th. William Blair reissued an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Canaccord Genuity Group lifted their price objective on Veeva Systems from $270.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. BTIG Research reiterated a “buy” rating and set a $340.00 target price on shares of Veeva Systems in a report on Friday, October 17th. Finally, UBS Group raised their price target on Veeva Systems from $285.00 to $310.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Seventeen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $307.28.

Insider Buying and Selling

In other Veeva Systems news, insider Thomas D. Schwenger sold 3,350 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total value of $1,005,134.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan Faddis sold 14,595 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $300.00, for a total transaction of $4,378,500.00. Following the transaction, the senior vice president directly owned 8,588 shares of the company’s stock, valued at approximately $2,576,400. This represents a 62.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by company insiders.

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.