Veeva Systems Inc. $VEEV Shares Sold by Strs Ohio

Strs Ohio reduced its position in shares of Veeva Systems Inc. (NYSE:VEEV) by 9.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,530 shares of the technology company’s stock after selling 4,198 shares during the period. Strs Ohio’s holdings in Veeva Systems were worth $11,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in VEEV. Trust Co. of Toledo NA OH purchased a new stake in Veeva Systems during the 2nd quarter worth $29,000. OLD Second National Bank of Aurora acquired a new stake in shares of Veeva Systems during the third quarter valued at about $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Veeva Systems during the second quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Veeva Systems by 58.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 133 shares of the technology company’s stock worth $38,000 after acquiring an additional 49 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Veeva Systems in the second quarter worth about $41,000. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Veeva Systems

In other Veeva Systems news, insider Thomas D. Schwenger sold 1,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $231.43, for a total value of $231,430.00. Following the completion of the transaction, the insider owned 23,204 shares in the company, valued at approximately $5,370,101.72. This represents a 4.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VEEV. Canaccord Genuity Group restated a “buy” rating on shares of Veeva Systems in a research note on Tuesday, November 25th. Needham & Company LLC reiterated a “buy” rating and set a $355.00 target price on shares of Veeva Systems in a research note on Friday, November 21st. Jefferies Financial Group reissued a “buy” rating and set a $330.00 price target on shares of Veeva Systems in a research report on Monday, November 24th. Citigroup cut their price target on shares of Veeva Systems from $349.00 to $319.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Finally, TD Cowen raised shares of Veeva Systems from a “hold” rating to a “buy” rating and raised their price objective for the stock from $297.00 to $380.00 in a report on Tuesday, October 7th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Veeva Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.04.

Veeva Systems Price Performance

Shares of VEEV opened at $221.87 on Monday. Veeva Systems Inc. has a 12 month low of $201.54 and a 12 month high of $310.50. The stock has a fifty day moving average price of $232.59 and a 200 day moving average price of $266.81. The company has a market cap of $36.47 billion, a P/E ratio of 43.16, a PEG ratio of 1.64 and a beta of 1.07.

Veeva Systems (NYSE:VEEV) last posted its earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.09. The company had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $792.37 million. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $1.75 earnings per share. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS and its Q4 2026 guidance at 1.920-1.920 EPS. As a group, research analysts anticipate that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

Veeva Systems declared that its Board of Directors has initiated a stock buyback program on Monday, January 5th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the technology company to repurchase up to 5.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Veeva Systems 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.