Veeva Systems (NYSE:VEEV) Raised to Buy at Wall Street Zen

Veeva Systems (NYSE:VEEV) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other brokerages have also recently weighed in on VEEV. Jefferies Financial Group restated a “buy” rating and issued a $330.00 price objective on shares of Veeva Systems in a research note on Monday, November 24th. BMO Capital Markets started coverage on Veeva Systems in a research report on Thursday, November 13th. They issued a “market perform” rating and a $300.00 price target on the stock. JPMorgan Chase & Co. raised Veeva Systems from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $290.00 to $330.00 in a research report on Monday, September 8th. Canaccord Genuity Group restated a “buy” rating on shares of Veeva Systems in a research note on Tuesday. Finally, Piper Sandler upped their price target on Veeva Systems from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and an average target price of $305.88.

Veeva Systems Stock Performance

Shares of NYSE:VEEV opened at $240.30 on Friday. The company has a market capitalization of $39.39 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. The stock has a fifty day moving average of $284.10 and a 200-day moving average of $278.85. Veeva Systems has a one year low of $201.54 and a one year high of $310.50.

Veeva Systems (NYSE:VEEV) last posted its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.09. Veeva Systems had a return on equity of 13.72% and a net margin of 27.29%.The firm had revenue of $811.24 million for the quarter, compared to analyst estimates of $792.37 million. During the same period in the previous year, the firm earned $1.75 earnings per share. Veeva Systems’s quarterly revenue was up 16.0% on a year-over-year basis. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. As a group, research analysts forecast that Veeva Systems will post 4.35 EPS for the current fiscal year.

Insider Activity at Veeva Systems

In other news, insider Thomas D. Schwenger sold 3,350 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $300.04, for a total transaction of $1,005,134.00. Following the completion of the sale, the insider directly owned 23,773 shares in the company, valued at approximately $7,132,850.92. This represents a 12.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $306.62, for a total value of $1,839,720.00. Following the sale, the insider owned 25,325 shares in the company, valued at $7,765,151.50. This represents a 19.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 24,665 shares of company stock worth $7,438,000. Company insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its holdings in Veeva Systems by 196.4% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 83 shares of the technology company’s stock valued at $25,000 after buying an additional 55 shares in the last quarter. Raiffeisen Bank International AG bought a new position in shares of Veeva Systems in the third quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in Veeva Systems during the 2nd quarter worth approximately $29,000. OLD Second National Bank of Aurora purchased a new stake in Veeva Systems in the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC bought a new position in Veeva Systems in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 88.20% of the company’s stock.

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.