Federated Hermes Inc. Grows Stock Position in Veeva Systems Inc. $VEEV

Federated Hermes Inc. lifted its holdings in shares of Veeva Systems Inc. (NYSE:VEEV) by 13.9% during the second quarter, Holdings Channel.com reports. The fund owned 440,842 shares of the technology company’s stock after acquiring an additional 53,889 shares during the period. Federated Hermes Inc.’s holdings in Veeva Systems were worth $126,954,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new stake in Veeva Systems in the 2nd quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in Veeva Systems during the 2nd quarter valued at approximately $32,000. Maseco LLP purchased a new position in shares of Veeva Systems in the second quarter worth $35,000. Cary Street Partners Investment Advisory LLC lifted its stake 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 buying an additional 49 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Veeva Systems during the second quarter valued at $41,000. Institutional investors and hedge funds own 88.20% of the company’s stock.

Veeva Systems Stock Down 0.1%

Shares of VEEV opened at $242.06 on Monday. The company has a market capitalization of $39.79 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 1.80 and a beta of 1.05. Veeva Systems Inc. has a 52 week low of $201.54 and a 52 week high of $310.50. The stock’s 50-day moving average price is $280.03 and its 200-day moving average price is $279.16.

Veeva Systems (NYSE:VEEV) last announced its quarterly 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. Veeva Systems had a return on equity of 13.68% and a net margin of 27.93%.The company had revenue of $0.81 million during the quarter, compared to the consensus estimate of $792.37 million. During the same period in the previous year, the company posted $1.75 earnings per share. Veeva Systems’s revenue for the quarter 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. As a group, equities analysts anticipate that Veeva Systems Inc. will post 4.35 EPS for the current fiscal year.

Insider Activity at Veeva Systems

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Veeva Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus increased their price objective on Veeva Systems from $295.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Truist Financial raised their price objective on Veeva Systems from $268.00 to $275.00 and gave the stock a “hold” rating in a research note on Thursday, August 28th. Morgan Stanley upped their target price on Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a research report on Thursday, August 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $330.00 price target on shares of Veeva Systems in a report on Monday, November 24th. Nineteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $307.42.

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.