Vontobel Holding Ltd. Cuts Stock Position in Veeva Systems Inc. $VEEV

Vontobel Holding Ltd. cut its stake in shares of Veeva Systems Inc. (NYSE:VEEV) by 26.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,514 shares of the technology company’s stock after selling 3,104 shares during the period. Vontobel Holding Ltd.’s holdings in Veeva Systems were worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ASR Vermogensbeheer N.V. increased its position in Veeva Systems by 64.2% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 5,167 shares of the technology company’s stock worth $1,488,000 after purchasing an additional 2,020 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Veeva Systems in the second quarter valued at approximately $306,000. Orser Capital Management LLC acquired a new position in Veeva Systems during the third quarter worth $1,631,000. QRG Capital Management Inc. grew its holdings in Veeva Systems by 15.7% during the second quarter. QRG Capital Management Inc. now owns 12,771 shares of the technology company’s stock worth $3,678,000 after acquiring an additional 1,735 shares during the period. Finally, FORA Capital LLC purchased a new position in Veeva Systems in the second quarter worth $4,420,000. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veeva Systems

In other news, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas D. Schwenger sold 3,350 shares of the stock in a transaction on Thursday, October 2nd. The shares were 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 in the company, valued at approximately $7,132,850.92. The trade was a 12.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 24,665 shares of company stock worth $7,438,000. 10.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on VEEV shares. BMO Capital Markets began coverage on shares of Veeva Systems in a research report on Thursday, November 13th. They set a “market perform” rating and a $300.00 target price on the stock. Wall Street Zen downgraded shares of Veeva Systems from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Veeva Systems in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $355.00 target price on shares of Veeva Systems in a report on Friday, November 21st. Finally, William Blair reissued an “outperform” rating on shares of Veeva Systems in a research note on Friday, October 17th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Veeva Systems presently has an average rating of “Moderate Buy” and an average target price of $307.42.

Veeva Systems Trading Up 0.5%

NYSE:VEEV opened at $224.36 on Friday. The company has a market capitalization of $36.88 billion, a P/E ratio of 43.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05. The firm has a 50-day moving average price of $259.07 and a two-hundred day moving average price of $274.78. Veeva Systems Inc. has a twelve month low of $201.54 and a twelve month high of $310.50.

Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.93% and a return on equity of 13.68%. The business had revenue of $0.81 million for the quarter, compared to analyst estimates of $792.37 million. During the same period in the prior year, the business earned $1.75 earnings per share. The company’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 and its Q4 2026 guidance at 1.920-1.920 EPS. On average, equities research analysts predict that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

About Veeva Systems

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.