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

Veeva Systems (NYSE:VEEV) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on VEEV. Morgan Stanley increased their price objective on Veeva Systems from $210.00 to $222.00 and gave the stock an “underweight” rating in a research report on Thursday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Veeva Systems in a report on Monday. Weiss Ratings upgraded Veeva Systems from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Truist Financial boosted their price objective on Veeva Systems from $268.00 to $275.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Finally, TD Cowen upgraded shares of Veeva Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $305.88.

Veeva Systems Trading Down 0.2%

VEEV stock opened at $240.30 on Friday. The firm has a 50 day moving average of $284.10 and a 200-day moving average of $278.59. The firm has a market capitalization of $39.39 billion, a P/E ratio of 49.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. Veeva Systems has a 12 month low of $201.54 and a 12 month high of $310.50.

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, topping the consensus estimate of $1.95 by $0.09. Veeva Systems had a net margin of 27.29% and a return on equity of 13.72%. The business had revenue of $811.24 million for the quarter, compared to analysts’ expectations of $792.37 million. During the same period in the prior year, the company posted $1.75 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Veeva Systems has set its FY 2026 guidance at 7.930-7.93 EPS. Q4 2026 guidance at 1.920-1.920 EPS. Sell-side analysts predict that Veeva Systems will post 4.35 EPS for the current year.

Insider Activity at Veeva Systems

In other Veeva Systems news, SVP Jonathan Faddis sold 14,595 shares of the stock in a transaction that occurred on 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 in the company, valued at $2,576,400. This trade represents a 62.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Eleni Nitsa Zuppas sold 6,000 shares of Veeva Systems stock in a transaction that occurred 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 transaction, the insider directly owned 25,325 shares in the company, valued at $7,765,151.50. This trade represents a 19.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 24,665 shares of company stock valued at $7,438,000. Corporate insiders own 10.30% of the company’s stock.

Institutional Investors Weigh In On Veeva Systems

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Veeva Systems by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 15,429,231 shares of the technology company’s stock worth $4,596,522,000 after purchasing an additional 457,806 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Veeva Systems by 4.1% in the third quarter. Alliancebernstein L.P. now owns 5,941,631 shares of the technology company’s stock worth $1,770,071,000 after buying an additional 235,983 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Veeva Systems by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,203,867 shares of the technology company’s stock worth $1,205,372,000 after buying an additional 34,169 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Veeva Systems by 20.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,992,372 shares of the technology company’s stock valued at $924,754,000 after acquiring an additional 689,700 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Veeva Systems by 11.2% in the 3rd quarter. Principal Financial Group Inc. now owns 3,846,877 shares of the technology company’s stock valued at $1,146,040,000 after acquiring an additional 388,864 shares during the last quarter. 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.