FORA Capital LLC Acquires Shares of 15,349 Veeva Systems Inc. $VEEV

FORA Capital LLC bought a new position in Veeva Systems Inc. (NYSE:VEEV) in the 2nd quarter, Holdings Channel.com reports. The firm bought 15,349 shares of the technology company’s stock, valued at approximately $4,420,000.

Other hedge funds have also modified their holdings of the company. Sigma Planning Corp grew its position in Veeva Systems by 1.2% in the second quarter. Sigma Planning Corp now owns 3,328 shares of the technology company’s stock valued at $958,000 after acquiring an additional 39 shares in the last quarter. Keybank National Association OH lifted its holdings in Veeva Systems by 1.4% in the 2nd quarter. Keybank National Association OH now owns 3,088 shares of the technology company’s stock worth $889,000 after buying an additional 42 shares in the last quarter. Facet Wealth Inc. boosted its position in Veeva Systems by 3.3% in the 2nd quarter. Facet Wealth Inc. now owns 1,342 shares of the technology company’s stock valued at $381,000 after buying an additional 43 shares during the last quarter. TFB Advisors LLC grew its stake in shares of Veeva Systems by 1.2% during the first quarter. TFB Advisors LLC now owns 3,586 shares of the technology company’s stock valued at $831,000 after acquiring an additional 44 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its position in shares of Veeva Systems by 0.8% during the second quarter. Triangle Securities Wealth Management now owns 5,782 shares of the technology company’s stock worth $1,665,000 after acquiring an additional 45 shares during the last quarter. 88.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Veeva Systems

In related news, insider Eleni Nitsa Zuppas sold 6,000 shares of the stock in a transaction dated Tuesday, October 7th. The shares were 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 of the company’s stock, valued at $7,765,151.50. This trade represents a 19.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jonathan Faddis sold 720 shares of Veeva Systems stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $298.12, for a total transaction of $214,646.40. Following the completion of the sale, the senior vice president owned 7,868 shares in the company, valued at approximately $2,345,608.16. This represents a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, 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

A number of research analysts recently commented on VEEV shares. William Blair reissued an “outperform” rating on shares of Veeva Systems in a report on Friday, October 17th. Wells Fargo & Company decreased their price target on shares of Veeva Systems from $341.00 to $333.00 and set an “overweight” rating for the company in a research report on Tuesday, November 25th. Morgan Stanley upped their price target on shares of Veeva Systems from $210.00 to $222.00 and gave the company an “underweight” rating in a report on Thursday, August 28th. Oppenheimer reiterated an “outperform” rating and set a $325.00 price objective on shares of Veeva Systems in a research note on Thursday, August 28th. Finally, TD Cowen raised shares of Veeva Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $297.00 to $380.00 in a research report on Tuesday, October 7th. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.42.

Veeva Systems Stock Down 2.9%

Shares of NYSE VEEV opened at $222.87 on Friday. The firm’s 50-day moving average price is $273.45 and its two-hundred day moving average price is $278.69. Veeva Systems Inc. has a 52-week low of $201.54 and a 52-week high of $310.50. The stock has a market capitalization of $36.63 billion, a P/E ratio of 43.36, a P/E/G ratio of 1.66 and a beta of 1.05.

Veeva Systems (NYSE:VEEV) last announced its quarterly earnings results on Thursday, November 20th. The technology company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.09. The business 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 business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. 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 research analysts expect that Veeva Systems Inc. will post 4.35 earnings per share for the current year.

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.